HighWave -- Strong Increase in Activity
PARIS, Jul 11, 2000 (BUSINESS WIRE) --
Turnover increases 355% in year-on-year quarter
After a successful introduction on to the Nouveau Marche of the Paris Stock
Exchange, HighWave Optical Technologies, a specialist manufacturer of optical
components and functions, is continuing its development and has announced a
turnover of 4.1m Euros in the first quarter of its current financial year
(ending 31 March 2001). This is twice the figure initially projected in the
business plan presented to analysts (2.3m Euros)
Euros
(in Millions) 1st Qtr 2000 1st Qtr 1999 % Change 1999/2000
Turnover 4.1 0.9 355 4.66
Opening of new site at Rennes
To meet ever increasing demand, HighWave Optical Technologies is opening a new
production site of 2,500 sq. m. in Rennes, FRANCE (of which 600 sq. m. is clean
room space). As a result of this, the production capacity for amplifiers will
increase six-fold in the next six months.
An expanded range of DWDM products which covers three-quarters of optical
functional needs
To increase its technological development, and to reinforce its market position,
HighWave Optical Technologies has just invested nearly FF100m by buying-out the
telecom division of Jobin-Yvon, a specialist in defraction optics. This division
develops and produces dense wavelength multiplexers/demultiplexers, components
which are used in the DWDM networks.
With a portfolio of 14 international patents, a turnover of FF12m in 1999
generated by 12 staff of which three are highly-qualified scientists, this
acquisition allows HighWave to position itself in a market segment valued at
$1bn for the year 2000 (Source: RHK) from which the company was absent until
now.
With an enlarged range, a huge increase in production capacity, HighWave Optical
Technologies is positioning itself as a major industrial player in high
bandwidth optical components for telecommunication networks.
Taking account of these elements, a new business plan will be presented in
October at the announcement of the half-year financial results.
About HighWave
Founded in 1998, by Eric Delevaque and Sylvain Boj, former researchers at CNET,
HighWave Optical Technologies is based in Lannion, the heartland of French
telecommunications.
HighWave develops, manufactures and markets new-generation optical components
for the high bandwidth data transmission market. HighWave possesses unique
know-how and has an impressive portfolio of prestigious customers.
www.highwave-tech.com code
SICOVAM: 7639
CONTACT: JSPR
Jeremy Snook, +44-(0)1488-681681
Email: jeremy.snook@jspr.co.uk
or
BDDP Corporate
Muriel Droin, +33-(1)-49-09-27-67
Email: mdroin@bddp-corporate.fr |
