Available for Telecommunications Applications
FREMONT, Calif., Feb 7, 2001 /PRNewswire via COMTEX/ -- The VCSEL/LD Technologies Division of AXT,
Inc. (Nasdaq: AXTI) a leading supplier of customized VCSEL and edge-emitter lasers for telecommunications
and data communications applications, announces volume production of 980nm FP Edge-Emitter lasers.
The 980nm lasers exhibit stable single-mode operation with output power up to 200mW and threshold currents
less than 10mA and slope efficiency better than 0.9W/A. Initial reliability tests have shown favorable results
and long-term tests are currently underway. The lasers are offered with both aluminum and aluminum-free
structures, and are available as unpackaged chips or in standard TO-can packages.
"We are very pleased with our new 980nm laser offerings," said Morris Young, CEO of AXT, Inc. "They provide
a cost effective solution for telecommunication applications requiring near pump-laser performance. We are
proud of the technological achievements made by our laser diode group with the introduction of these 980nm
lasers, as we continue to push edge-emitter performance to new levels. The introduction of these 980nm
devices continues to position us as a comprehensive supplier of both VCSEL and edge-emitter laser products
for our customers' needs in the optical communications industry. We continue to leverage our highly efficient
manufacturing capabilities in edge-emitters with the introduction of 980nm technology, while allowing AXT to
focus on the more demanding, longer-wavelength lasers."
About AXT, Inc.
AXT designs, develops, manufactures and markets high-performance compound substrates for the fiber optics
and communications industries. The company's proprietary Vertical Gradient Freeze (VGF) crystal growth
technology produces low-defect, semi-insulating and semi-conducting gallium arsenide, indium phosphide and
germanium wafers. AXT is also a leading producer of light-emitting diodes (LEDs), such as blue, cyan and
green LEDs, for the display and lighting industries and vertical cavity surface emitting lasers (VCSELs) for the
fiber optics industry. For more information, see AXT's website at www.axt.com. The company can also be
reached at 4281 Technology Drive, Fremont, California 94538 or by calling 510-683-5900. AXT is traded on the
Nasdaq National Market under the symbol AXTI.
Safe Harbor Statement
This press release contains forward-looking statements regarding the availability, performance and market
acceptance of new 980 nm laser diode products, the company's ability to bring these products to market and
the current market conditions in the optoelectronic device industry. Forward-looking statements address
matters that are subject to a number of risks and uncertainties, including but not limited to: unpredictable
fluctuations in our operating results due, among other factors, to the expansion of our China operations which
may be costlier or take more time than expected; the limited availability and increased cost of critical raw
materials, particularly gallium and arsenic, where we depend on a limited number of suppliers; the timing,
volume, and pricing of orders from customers; an inability to expand our manufacturing capacity to meet
demand for our products; failure to achieve anticipated sales of our new HB LED and VCSEL products;
potential slowdowns in the wireless handset and fiber optics markets which may cause our customers to
reduce or delay orders of our products; if we do not comply with environmental and other regulations we may
incur large fines and delays in manufacturing our products; and if we experience frequent electrical power
outages our production could be reduced and we may incur costs related to interrupted productions runs.
Reference is made to AXT's filings with the Securities and Exchange Commission, including AXT's Form 10-K
for the year ended December 31, 1999 and its Form 10-Qs filed for each of the subsequent quarters, and to
AXT's Form S-3, for further discussion of risks and uncertainties regarding AXT's business.
SOURCE AXT, Inc.
CONTACT: Don Tatzin of AXT, Inc., 510-683-5900; or Leslie Green of Stapleton Communications Inc.,
650-470-4222, for AXT, Inc.URL: axt.comhttp://www.prnewswire.com
(C) 2001 PR Newswire. All rights reserved. |
