Princeton Lightwave Acquires OCM Product Line from OFS

Princeton Lightwave, Inc. (PLI), a leading supplier of near infrared high power lasers and specialized detectors for communication, sensing and instrumentation markets announced the purchase of the Optical Channel Monitor ( OCM ) Product line from OFS. OFS and PLI jointly reached an agreement for PLI to acquire the Optical Channel Monitor product line based in Somerset, New Jersey.

Princeton Lightwave will enhance its product offering into optical networking subsystems. PLI already offers optical devices and modules based on semiconductor sources and detectors for applications in communication, sensing, and instrumentation. PLI now owns the physical assets, rights, designs, know-how, and other intellectual property from OFS’ Optical Channel Monitor product line.

"This is a very good agreement for all the parties involved, including customers and employees," said Dr. Yves Dzialowski, CEO of Princeton Lightwave. "Our company and our management have significant experience in this space and are committed to support the customers and grow this product line. Major telecommunication system suppliers have confidence in Princeton Lightwave's ability to deliver these complex optical instruments and a very rigorous transition plan is already under way." Dzialowski confirmed that PLI has hired all current OFS employees connected with the design and manufacture of OCMs and that the team is already involved in executing a flawless transition.

"We're very happy with PLI's decision to support this product line, based on several critical component technologies with which they are very familiar with”, said Dr. Timothy Murray, President of the Specialty Photonics Division of OFS.
Financial details of the deal were not disclosed.

About Princeton Lightwave, Inc.
Princeton Lightwave Inc. is a supplier of optical modules for the communication, sensing and instrumentation markets. It manufactures and markets devices and subsystems based on high performance semiconductor lasers, detectors and packaging platforms. It is based in Cranbury, NJ.

For more information visit http://www.princetonlightwave.com

About OFS
OFS is a designer, manufacturer, and supplier of leading edge optical fiber, optical fiber cable, optical connectivity and specialty photonics products for high-speed optical networks. OFS, formerly the Optical Fiber Solutions Division of Lucent Technologies [NYSE: LU], has a proven track record of being first in the industry with application specific fibers, optical connectors, ribbon cables, erbium doped fibers, Raman fiber lasers and more. OFS is committed to providing customers increased value by offering the right products for their applications, delivering high performance, lowest cost per bit network solutions, and protecting investments through future flexible solutions.

OFS distributes its optical fiber, optical fiber cable, optical connectivity and specialty photonics products directly to end users, as well as through valued distributors and external cable manufacturers and equipment vendors.

OFS is owned by Furukawa Electric, a multi-billion dollar global leader in optical communications and majority shareholder, and CommScope, Inc., a world leader in broadband coaxial cables and minority shareholder. Headquartered in Norcross, GA, OFS operates facilities in Avon, Connecticut; Carrollton, Georgia; Somerset, NJ; and Sturbridge, Massachusetts, as well as facilities in Denmark, Germany, and Russia.

For more information visit http://www.ofsoptics.com.

PR Contact: pr@princetonlightwave.com