Teem Photonics Acquires Passive Q-Switched Microlaser Product Line From JDS Uniphase
August 19 2005 - 9:30AM
PR Newswire (US)
SAN JOSE, Calif. and GRENOBLE, France, Aug. 19
/PRNewswire-FirstCall/ -- Teem Photonics S.A. of Grenoble, France
and JDS Uniphase Corporation (Nasdaq: JDSU; TSX: JDU) of San Jose,
California, USA, today announced their entry into a definitive
agreement for the sale of JDS Uniphase's passive Q-switched
microlaser product line and Grenoble, France, facility to Teem
Photonics. Additionally, the parties announced that JDS Uniphase
will exclusively license to Teem intellectual property, including a
number of patents, associated with passive Q-switched microlasers.
The microlaser product line is differentiated by its sub-nanosecond
pulse widths with peak powers in the tens of kilowatts and
repetition rates in the tens of kilohertz, as well as by its
reliance on monolithic technology and its distinctive intellectual
property. Teem Photonics and JDS Uniphase reached this agreement in
recognition that current customers would be best served by a local
owner capable of providing the Grenoble-based group more market
focus, greater management attention, and improved targeting of
investments. The parties have also agreed that JDS Uniphase will
continue to supply Teem Photonics with components critical to the
manufacture of these differentiated microlasers, ensuring no
disruption of customer supply. "This transaction is beneficial to
customers, employees, and the two companies," stated Dr. Antoine
Kevorkian, CEO of Teem Photonics. "We are located virtually next
door to the Grenoble microlaser group of JDS Uniphase. Our track
record in selling optical modules that require state-of-the art
performance, high reliability and cost-effectiveness will enable us
to serve current microlaser customers well and expand this
activity. This transaction offers Teem Photonics the ability to
leverage our assets, facilities and sales channel to market this
product effectively." "The divestiture enables us to focus
management attention, sales resources and R&D on our leading
solid state laser portfolio," said Phillip Meredith, vice president
of JDS Uniphase's Commercial Laser Business Unit. "Transferring the
Grenoble business to Teem Photonics serves our microlaser customers
better and is consistent with our strategy of strengthening the
performance of our laser business through effective partnerships."
Financial details of the transaction, which is expected to close
during the current calendar quarter, were not disclosed. About Teem
Photonics S.A. Teem Photonics is a privately held company located
near Grenoble France. It is the leader in ion exchange based
integrated optical components. The Company produces planar
splitters used in Fiber-to-the-Premises applications worldwide and
is renowned for its innovations, as demonstrated by its pioneering
of the erbium doped waveguide amplifier (EDWA(tm)) and its
activities in planar glass waveguide lasers. For more information,
contact Jay Liebowitz, Executive Vice President, at 781-431-7700 or
. About JDS Uniphase JDS Uniphase is the worldwide leading provider
of broadband test & measurement solutions and optical products
for communications, commercial and consumer markets. The Company
offers test and measurement systems and services for
telecommunications service providers, cable operators, and network
equipment manufacturers. In addition, the Company offers
components, modules and subsystems for optical communication,
display, security, medical/environmental, instrumentation,
decorative, aerospace and defense applications. More information is
available at http://www.jdsu.com/. General Inquiries: Contact your
JDS Uniphase Representative or call 800-498-5378 in North America
or + 800-5378-5378 outside of North America. Forward-Looking
Statements This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements include: (i) any participation or guidance as to its
financial performance for the First Quarter 2006, including
expected revenue levels and non-GAAP earnings per share
projections; and (ii) JDS Uniphase's expectations regarding the
occurrence or timing of completion of any of the restructuring and
other actions and activities described in this press release, and
employees reduced by such actions. These forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected, including, without
limitation, customary documentation and closing conditions related
to the transfers to Teem Photonics and other contract manufacturing
partners. DATASOURCE: JDS Uniphase CONTACT: Jay Liebowitz,
Executive Vice President of Teem Photonics S.A., +1-781-431-7700,
or ; or Jayme Curtis, Public Relations, +1-408-546-7028 or , or
investors, Jacquie Ross, +1-408-546-4445, or , both for JDS
Uniphase Web site: http://www.jdsu.com/
Copyright