Pirelli Launches PGT

MILAN, Italy and SAN DIEGO -- Pirelli today announced that it is presenting PGT Photonics, a new Group company which will specialize in second generation photonics based on nanotechnologies, and displaying its comprehensive product offering which includes Pirelli’s DTL Tunable Laser, ITLA, 300-PIN MSA Transponders, and DWDM XFP Transceivers at the OFC/NFOEC exhibition and conference, taking place in San Diego, Calif., 24 – 28 February 2008.

PGT Photonics will have its headquarters in Milan along with its Sales office in Atlanta, Ga. Earlier this month, Pirelli announced the incorporation of a new company that would integrate the Photonics business unit of Pirelli Broadband Solutions and the Optical Innovation division of Pirelli Labs. The move is seen as a strategic initiative to generate greater synergies between R&D activities and the commercialization of Pirelli’s growing product portfolio of optical components and modules.

“The OFC/NFOEC exhibition and conference is the ideal platform to announce to the industry the name of our new company PGT Photonics,” said Claudio De Conto, General Manager for the Pirelli Group and Chairman for PGT Photonics. “With a more flexible structure suited for the Optical Communications sector, we will be more closely focusing on our core business while simultaneously leveraging our expertise in order to meet the needs of the marketplace in a timely manner.”

Pirelli SpA (Milan: PECI.MI)