Infinera Corporation (NASDAQ: INFN) opened a new facility in Allentown, Pennsylvania last week to accommodate growing demand for its innovative optical systems based on photonic integration. The opening was marked with a ribbon-cutting ceremony and celebration attended by local Pennsylvania officials.

The new larger building is required to accommodate Infinera's expansion of research and development, and manufacturing in Allentown. At Allentown, Infinera designs and assembles optical modules housing Infinera's large-scale photonic integrated circuits. Infinera's photonic integrated circuits carry Internet traffic in long-haul and metro core optical networks, delivering new levels of scalability, speed and flexibility to Internet traffic.

Last Thursday's opening event featured comments from U.S. Congressman Rep. Charlie Dent and Infinera co-founder and chief marketing and strategy officer Dave Welch. Dr. Welch recounted Infinera's growth from a small start-up company to its position today as the leader in the North American long-haul optical networking market, with 960 employees worldwide, including more than 700 at its U.S. facilities in Sunnyvale, CA, Allentown, PA, and Annapolis Junction, MD. He said the company intended to continue to focus on innovation to deliver value to customers, and to invest in the U.S.

"The best innovation in the world happens on U.S. soil and as long as we stay focused on innovation and the big challenges, the U.S. will continue to lead the world in innovative technology," Dr. Welch told the audience at the outdoor event.

Rep. Dent praised Infinera for its investment and helping to make the Lehigh Valley region a part of the Internet economy. "Infinera's expansion here in the Lehigh Valley is the best kind of economic development," Rep. Dent told the audience."This is an investment in our community that provides high-paying jobs, enhances living standards, and creates wealth."

Other speakers included State Senator Pat Browne, State Representative Gary Day, Cindy Feinberg from Lehigh County's Office of Economic Development, and Chad Paul, president and CEO of Ben Franklin Technology Partners of Northeastern Pennsylvania. All the speakers praised Infinera for bringing investment and jobs to the Lehigh Valley.

Infinera's new facility encompasses 43,000 square feet of office and manufacturing space and employs 84 people including skilled technicians and engineers. The Infinera DTN is the first optical networking system powered by photonic integrated circuits. Deployed worldwide in long-haul and metro core networks, the Infinera DTN combines high-capacity DWDM transport, integrated digital bandwidth management, and GMPLS-powered service intelligence in a single platform.

About Infinera

Infinera provides Digital Optical Networking systems to telecommunications carriers worldwide. Infinera's systems are unique in their use of a breakthrough semiconductor technology: the Photonic Integrated Circuit (PIC). Infinera's systems and PIC technology are designed to provide customers with simpler and more flexible engineering and operations, faster time-to-service, and the ability to rapidly deliver differentiated services without reengineering their optical infrastructure. For more information, please visit www.infinera.com.

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to Infinera as of the date hereof; and actual results could differ materially from those stated or implied, due to risks and uncertainties. Forward-looking statements include statements regarding Infinera's expectations, beliefs, intentions or strategies regarding the future, including that the company intends to continue to focus on innovation to deliver value to customers and to invest in the U.S.; that the best innovation in the world happens on U.S.soil and that the U.S. will continue to lead the world in innovative technology; and that the Infinera DTN is the first optical networking system powered by photonic integrated circuits. Such forward-looking statements can be identified by forward-looking words such as "anticipated," "believed," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include aggressive business tactics by our competitors, our dependence on a single product, our ability to protect our intellectual property, claims by others that we infringe their intellectual property, our manufacturing process is very complex, product performance problems we may encounter, our dependence on sole or limited source suppliers, our ability to respond to rapid technological changes, our ability to maintain effective internal controls, the ability of our contract manufacturers to perform as we expect, a new technology being developed that replaces the PIC as the dominant technology in optical networks, general political, economic and market conditions and events, including war, conflict or acts of terrorism; and other risks that may impact Infinera's business are set forth in our annual report Form 10-K, which was filed with the SEC on February 17, 2009, as well as subsequent reports filed with or furnished to the Securities and Exchange Commission. These statements are based on information available to us as of the date hereof and we disclaim any obligation to update the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=995077

Media: Anna Vue Solsken PR for Infinera Tel. +1-916-595-8157 avue@solskenpr.com Investors: Bob Blair Infinera Tel. +1-408-716-4879 bblair@infinera.com

Infinera (NASDAQ:INFN)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Infinera Charts.
Infinera (NASDAQ:INFN)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Infinera Charts.