WALTHAM, Mass., Dec 13, 1999 /PRNewswire via COMTEX/ -- Oak
Industries Inc. (NYSE: OAK) has announced that its Lasertron, Inc.
division has signed a two-year, multi- million dollar contract with a
leading telecommunications equipment provider to be the majority
supplier of Distributed Feedback (DFB) lasers for its Metropolitan
Wavelength Division Multiplexing (WDM) transmission system. It is
anticipated that the revenue from this contract could range from $30 to
$50 million.
The Lasertron QLM715 family of Directly Modulated DFB lasers offers
exceptional dispersion performance and wavelength stability to meet the
performance requirements of cost-sensitive Metropolitan WDM systems.
Lasertron also offers complete wavelength availability from 1528 nm to
1605 nm, enabling a broader and more cost-effective means for
increasing channel counts.
"Lasertron is proud to have secured a long-term agreement to supply the
majority of this customer's DFB laser requirements through 2001,"
stated David Nislick, Vice President of Marketing at Lasertron. "This
contract confirms Lasertron's position as a volume supplier of WDM
transmission channel components. Additional transmission products will
be brought to market in 2000 for both Metropolitan and Long Haul
applications, encompassing higher power, higher data rate capability,
and increased functionality."
In October, Lasertron announced that it had secured a lease on 30,000
square feet and received Board approval for a $10 million investment
proposal to expand the manufacturing capacity for DFB transmission
lasers.
Lasertron is a manufacturer of DWDM active fiber-optic components used
in long distance and metropolitan wired telephony networks. Lasertron's
pump lasers are deployed in major long distance networks and rings
connecting headends in CATV systems. Lasertron's advanced transmission
products and detectors are used in the long distance, access and
metropolitan portions of telephony networks. Product literature can be
requested by e-mail at info@qlaser.com. Information about Lasertron is
available at www.qlaser.com.
Oak Industries Inc. is a leading manufacturer of highly engineered
components that it designs and sells to manufacturers and service
providers in the communications and selected other industries. Oak's
communications components consist primarily of connectors for the CATV
industry, frequency control devices used in wireless base stations and
telecommunications applications, and DWDM fiber-optic components for
the wired telephony infrastructure. Oak's controls components include
components for gas ranges, and switches and encoders which are used in
a wide range of applications. On November 14, 1999, Oak announced that
it had entered into an Agreement and Plan of Merger with Corning
Incorporated pursuant to which Oak will become a wholly-owned
subsidiary of Corning Incorporated. The merger is expected to be
completed during the first quarter of 2000. Information regarding Oak
Industries Inc. is available at www.oakind.com.
SOURCE Oak Industries, Inc.
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