JDS Uniphase Acquires Photonic Power Systems, Inc.
June 06 2005 - 6:30AM
PR Newswire (US)
JDS Uniphase Acquires Photonic Power Systems, Inc. JDS Uniphase
Innovates Commercial Markets With Pioneering Power Over Fiber
Technology SAN JOSE, Calif., June 6 /PRNewswire-FirstCall/ -- JDS
Uniphase Corporation (Nasdaq: JDSU; TSX: JDU) announced today it
has acquired privately held Photonic Power Systems, Inc., the
pioneering provider of photonic power for the delivery of power
over fiber. Photonic power is an inventive power delivery system
whereby light from a laser source illuminates a highly efficient
photovoltaic power converter to produce electrical power. The
acquisition represents an innovative system solution to remote
powering for many commercial applications. "JDS Uniphase is
acquiring a potentially disruptive technology," said Vincent Lui,
an analyst with industry research firm IDC. "The technology is not
incremental, it is a completely novel approach to power delivery in
specialty applications. Moreover, Photonic Power Systems, Inc. has
a proven history, strong intellectual property in the area of fiber
optic photonic power conversion, and core technology that aligns
well with JDS Uniphase's technology base." Photonic power replaces
copper and batteries for remote sensors, coaxial cable in wireless
applications, and oil or gas-filled measurement transformers in
high voltage applications. It delivers isolated power that is
immune to RF, EMI, high voltage and lightning. Photonic Power
Systems' technology can be leveraged across multiple markets,
including medical, wireless communications, electrical power,
industrial sensor, and aerospace applications. More than 10,000
units have been deployed to date, serving more than 50 customers.
"We're excited about the expanded market opportunities created by
this acquisition," said David Gudmundson, vice president of
corporate development for JDS Uniphase. "In the long run, we
believe customers will include an attractive mix of existing JDS
Uniphase communications customers in established sectors such as
wireless, and new, diverse industrial customers in applications
like remote power and sensing." "Joining forces with JDS Uniphase
provides us with a platform upon which to further build this
technology and the opportunity to explore new markets and
applications," said Dr. Jan-Gustav Werthen, founder and CEO of
Photonic Power Systems, Inc. "In addition to access to its optical
technology, JDS Uniphase can help us scale via a strong,
well-established manufacturing capability and sales channel."
"Photonic power has allowed us to easily transition our TV
broadcast facilities from analog to digital transmission," said Mr.
Yoshikazu Toba, manager of the Ubiquitous Devices Development
Division/Networking Devices Operations Unit of NEC TOKIN
Corporation. "We intend to utilize this innovative power source for
other applications as well including EMI testing of commercial
electronics and automotive systems." "Photonic Power Systems'
unique photonic power solution has permitted us to offer our
electric power customers a very cost effective, low maintenance
alternative for current measurement in high voltage environments,"
said Mr. Georg Wild, director of Engineering Control &
Protection, HVDC Systems, Siemens AG. "We look forward to working
with JDSU in offering further improvements to our utility
customers." All eight of Photonic Power Systems' employees,
currently located in Cupertino, California, will transition to JDS
Uniphase's corporate offices in San Jose, California. The group
will form the nucleus of JDS Uniphase's Photonic Power Business
Unit, led by Dr. Jan-Gustav Werthen. Financial terms of the
acquisition, which closed on May 26, 2005, are not being disclosed.
The acquisition is not anticipated to have a material impact upon
EBITDA on a non-GAAP basis. The photonic power technology will be
displayed in Booth #736 at Sensors Expo, McCormick Place, Chicago,
June 6 - 8. About Photonic Power Systems, Inc. Photonic Power
Systems, a fabless semiconductor company located in Cupertino,
California, is a leading provider of GaAs and InP-based solutions
for delivering electrical power over fiber for numerous electronic
applications. Photonic Power Systems combines its laser and fiber
optic expertise with photovoltaic power converter design skills to
offer a cost-competitive power delivery system to drive sensors,
gauges, actuators, low power communications devices,
nanotechnology, and micro-electromechanical systems (MEMS). The
isolated nature of the power delivery makes it ideal for use in
applications involving high levels of RF, EMI, and voltage.
Additional information is available online at
http://www.photonicpower.com/. About JDS Uniphase JDS Uniphase
Corporation designs and manufactures products for markets where its
core optics technologies provide innovative solutions for
communications, commercial and consumer applications. The Company
offers components, modules and subsystems for data communications,
telecommunications and cable television, display, security,
medical/environmental instrumentation, decorative, aerospace and
defense applications. More information is available at
http://www.jdsu.com/. The statements contained in this press
release that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934. Such
forward-looking statements include, but are not limited to any
expected benefits and the financial performance of the acquisition,
including, without limitation, expected applications and uses for
the acquired technology and products, potential markets and
customers of the acquired technology and products, and expected
future market and business growth. Such forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected. Risks and uncertainties
that could cause actual results to differ materially from such
forward-looking statements include, but are not limited to, the
risks that (a) the acquired business will not be effectively
integrated, that such integration will be more costly or
time-consuming than expected, or the acquired business will not
achieve expected financial results or synergies or otherwise
perform as expected, (b) the products and technology of the
acquired business will not perform as expected, or will not be
accepted or purchased by customers, and (c) those risks discussed
from time to time in reports filed by JDS Uniphase Corporation with
the Securities and Exchange Commission. Among other things,
investors are cautioned that there is currently no developed market
or established customer base for the acquired products and
technologies, and that the success of such products and
technologies are dependent upon the development and growth of
profitable markets and applications, and customer acceptance. The
forward-looking statements contained in this news release are made
as of the date hereof and JDS Uniphase Corporation assumes no
obligation to update the reasons why actual results could differ
materially from those projected in the forward-looking statements.
General Inquiries: Contact your JDS Uniphase Representative or call
800-498-5378 in North America or 800-5378-5378 outside of North
America. DATASOURCE: JDS Uniphase Corporation CONTACT: media, Jayme
Curtis, +1-408-546-7028 or , or investors, Jacquie Ross,
+1-408-546-4445, or , both of JDS Uniphase Corporation Web site:
http://www.photonicpower.com/ Web site: http://www.jdsu.com/
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