Maybe things change over time.
Company Press Release
SOURCE: Avanex Corporation
Avanex to Triple Size of Fremont Facility
FREMONT, Calif., March 8 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX - news) announced today that it has completed a lease for an additional 91,000 square feet of space in a building that is adjacent to its headquarters and manufacturing facility in Fremont, which will nearly triple the size of the company's corporate offices and manufacturing space.
According to Walter Alessandrini, president and CEO of Avanex, the addition will be used primarily to expand Avanex's manufacturing capacity. ``Demand for our new photonic processors continues at a pace which necessitates this expansion immediately,'' Alessandrini noted.
The expansion announcement comes less than four months after the company relocated to a 54,000-square-foot site that is three times the size of Avanex's original location. Avanex expects to fully occupy the new space before October of this year.
The company's address remains Avanex Corporation, 40919 Encyclopedia Circle, Fremont, CA. 94538. The adjacent facility is at 40949 Encyclopedia Circle.
About Avanex
Avanex designs, manufactures and markets photonic processors for the communications industry. Avanex's photonic processors offer communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost- effectiveness compared with current alternatives.
Avanex was incorporated in 1997 and is headquartered in Fremont, Calif. In addition to a development and manufacturing facility in Fremont, the company also maintains The Photonics Center(TM) in Richardson, Texas.
To learn more about Avanex, visit its web site at: www.avanex.com .
Forward-looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act. Actual results could differ materially from those projected in the forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, our inability to sufficiently expand our direct and indirect sales operations, failure to expand, train and manage our workforce and difficulties in hiring additional personnel to sell our products.
Avanex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE: Avanex Corporation |
