Entry into China.
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Monday May 8, 6:59 am Eastern Time
Company Press Release
SOURCE: JDS Uniphase Corporation
JDS Uniphase Acquires Casix
NEPEAN, Ontario and SAN JOSE, Calif., May 8 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU - news; Toronto: JDU - news) today announced that it has acquired Fujian Casix Laser Inc, a leading supplier of crystals, fiberoptic components and optics for telecommunications networks. Casix is based in Fuzhou, Fujian, China.
Casix's key technologies consist principally of fiberoptic component processing and precision assembly; optical design, fabrication and coating; and advanced crystal growth and processing. Casix is ISO 9001 certified.
Casix will operate as a wholly owned subsidiary of JDS Uniphase. It was acquired in a transaction accounted for as a purchase. Terms were not disclosed.
``The acquisition of Casix represents an important move in our global manufacturing strategy,'' commented Jozef Straus, JDS Uniphase Co-Chairman, President and Chief Operating Officer. ``The Casix management team has demonstrated strong leadership skills which we expect will serve us well for our first venture in China. In addition, we believe the advanced materials science expertise at Casix is a key to new generations of components for optical networks.''
JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at jdsunph.com .
Casix is a leading supplier of crystals, fiberoptic components, optics and lasers for the fiberoptic telecommunications network industry and employs approximately 750 people, primarily at its principal offices in Fuzhou, Fujian, China. Crystals produced or processed by Casix include YVO4 and Lithium Niobate, both of which are used in the production of various advanced fiberoptic components. Fiberoptic components produced by Casix include basic assemblies such as fiber tips (``pigtails'') and jumpers, and components such as collimators, isolators and polarization beam splitters. Casix also performs significant production and processing of basic optical elements such as etalons, waveplates, prisms, isolator cores, windows and filters, and the application of anti-reflective coatings to various optical elements.
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. These statements may be identified by their use of forward-looking terminology such as ``intends,'' ``expects'' and similar words. Such forward-looking statements include, but are not limited to, the statements regarding the potential benefits of the Casix acquisition to JDS Uniphase, the expectation that Casix's management team will serve JDS Uniphase well in its first venture in China, and JDS Uniphase's intended use of Casix's research and development talents. 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, factors discussed from time to time in reports filed by JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and JDS Uniphase Corporation assumes no future obligation to update the reasons why actual results could differ materially from those projected.
SOURCE: JDS Uniphase Corporation |
