"We are extraordinarily proud of our employees in Texas and around the world who have worked so hard to make this expansion possible," said Jerry Rawls, chairman of the board, president and CEO, Finisar. "Finisar's legendary passion for performance combined with this newly expanded, state-of-the-art facility will enable us to power more of our customers' new and exciting technology applications, including video on demand, HDTV and mobile computing."
The Allen manufacturing site currently employs over 300 employees and ships hundreds of thousands of laser and sensor products each week. Finisar invested more than $13 million during the past fifteen months renovating the facility, refurbishing a second reactor, installing a second wafer fabrication line and implementing new assembly and test equipment. This investment supports the upgrade of Storage Area Networks products from 2Gbit/second to 4Gbit/second as well as the rollout of 10Gbit/second products for Local Area Networks (LANs).
"Finisar has worked hard to establish itself as a leader in the optics space, and this new facility is further proof of our success," said Joseph Young, senior vice president and general manager, Optics Group, Finisar. "We are confident that the newly renovated facility will enable us to not only meet, but exceed production expectations -- allowing Finisar to supply products to our customers and meet the ever-growing demand for bandwidth while continuing to be the gold-standard for quality in the industry."
Finisar Corp. (Nasdaq: FNSR)