From Yahoo board. Lightchip news:
Lightchip and Zygo sign agreement
by: David6757 7/24/00 11:32 am
Msg: 29529 of 29561
July 24, 2000 09:58
Zygo's Telecom Division Signs Development & Supply Agreement With LightChip, Inc.
HOLLISTON, Mass.--(BUSINESS WIRE)--July 24, 2000--(NASDAQ:ZIGO) Zygo TeraOptix, a leading enabler for the
All-Optical-Network, announced an agreement to develop and manufacture components and sub-assemblies for LightChip Inc. Based
in Salem, New Hampshire, LightChip is developing and commercializing optical networking systems, for deployment initially in
Metropolitan Area Networks.
Under the general terms of the agreement, Zygo TeraOptix will develop, produce, and package discrete components and
subassemblies for LightChip's proprietary DWDM products. Over the course of the next three years, the resulting business could be
worth up to $25M to Zygo TeraOptix, with production commencing in Calendar Q3 2000.
"The prototype sub-assemblies from Zygo TeraOptix to date have surpassed our delivery and functional performance expectations",
commented Ian Turner, Senior Vice-President of Engineering at LightChip, Inc. "We are extremely delighted with this association
with Zygo TeraOptix, and expect to leverage their collective engineering and high-volume manufacturing experience to scale rapidly."
"We are excited to be a part of the LightChip story, and look forward to helping them deliver the best price-performance solution for
Metro markets and to penetrate new ones including campus and corporate WDMs," added John Berg, President of Zygo TeraOptix."
LightChip, Inc. is located in Salem, New Hampshire. For more information contact info@lightchip.com or see additional information
on the internet at www.lightchip.com .
Located in Holliston, Massachusetts, Zygo TeraOptix is a wholly owned subsidiary of Zygo Corporation, chartered to develop and
commercialize components, subsystems and equipment for the optical telecommunications and information technology industries.
Headquartered in Middlefield, Connecticut, Zygo Corporation develops, manufactures, and markets high performance measurement
and yield improvement instruments and custom automation systems used in high technology industries. Zygo is traded on the
Nasdaq National Market under the symbol ZIGO. Additional information on the Company is available on the Internet at
www.zygo.com and at www.zygoteraoptix.com |
