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Cranbury, N.J., April 14, 2004
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
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