JDSU--Tuesday July 25, 6:02 am Eastern Time
Press Release
SOURCE: JDS Uniphase Corporation
JDS Uniphase Opens New United Kingdom Manufacturing Facility
NEPEAN, Ontario and SAN JOSE, Calif., July 25 /CNW/ -- JDS Uniphase Corporation (Nasdaq: JDSU - news; Toronto: JDU - news) today announced the opening of a new 42,000 square foot manufacturing facility in Plymouth, England designed to manufacture fused fiber components for optical networking systems.
This new facility will double the manufacturing space available to the JDS Uniphase operations based in Torquay, England, formerly known as SIFAM Fibre Optics Limited. Products manufactured at this site include fused couplers, pump-signal WDMs, tap couplers, Raman WDMs and gain flattening filters used in optical amplifier applications.
SIFAM had approximately 180 employees when it was acquired in November 1999. At the end of calendar 2000, this business unit is expected to employ over 1,200 people at its locations in Torquay and Plymouth.
"The increase in the demand for optical amplifier components and modules has been the key driver in our need to expand into Plymouth," said Jozef Straus, Co-Chairman and CEO of JDS Uniphase. "This expansion exemplifies our commitment to grow our operations in step with our customers' needs. It is also an illustration of how a recent addition to the JDS Uniphase family can quickly and significantly contribute to satisfying this commitment."
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 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 www.jdsunph.com.
The statements contained within this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "designed," "expects," and similar words. Such forward-looking statements include, but are not limited to any statement or implication (a) as to our ability to successfully manufacture fused fiber components at our new facility; and (b) regarding the expected number of employees in the Torquay and Plymouth locations. 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 assumes no future obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
For further information
Alison Reynders, Manager of Investor Relations of JDS Uniphase Corporation, 408-434-1800 |
