Man, these boys aint messin around......I guess they are determined to be the biggest baddest FO gorilla on the block......unfortunatly, I have no idea if this will be taken as a positive or negative ....
JDS Uniphase Acquires Optical Process Automation
OTTAWA, Ontario and SAN JOSE, Calif., Feb. 21 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU; Toronto: JDU) today announced that it has acquired Optical Process Automation, Inc. (OPA) in a transaction accounted for as a purchase. Terms of the transaction were not disclosed.
Headquartered in Melbourne, Florida, OPA also has operations in Asheville, North Carolina. OPA designs and manufactures automated and semi-automated systems for the manufacture of fiberoptic components and modules. OPA will operate as a wholly owned subsidiary of JDS Uniphase.
"The acquisition of OPA represents an important move in our global manufacturing strategy," commented Jozef Straus, JDS Uniphase Chief Executive Officer and Co-Chairman. "OPA has a very talented group of people and a strong management team, which we expect will serve us well in developing higher and more diverse levels of automation in our manufacturing processes."
"We are very excited to be joining JDS Uniphase," stated Joseph Baggs, President and CEO of OPA. "We are looking forward to working closely with the optical component and module design and manufacturing teams of JDS Uniphase. We believe that applying our expertise in wafer scale package and process design, optical/semiconductor equipment design, and high volume automation techniques will be a key aspect of differentiation in the optical component and module industry over the next few years."
About JDS Uniphase
JDS Uniphase, headquartered in Ottawa, Ontario and San Jose, California, 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 www.jdsuniphase.com.
About Optical Process Automation
OPA, headquartered in Melbourne, Florida, provides a full manufacturing infrastructure for optical components. OPA designs, manufactures and sells both semi- and fully automatic manufacturing systems under the OptoMate product name. These systems provide optical component assembly and test operations for optical component manufacturers. OPA also develops packaging solutions for optical component products. These designs are intended to provide low-cost, high-volume packaging that may be efficiently manufactured.
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 Exchange Act of 1934. These statements may be identified by their use of forward-looking terminology such as "goals," "believes," "anticipates," "intends" and "expects" and similar words. Such forward-looking statements include, but are not limited to, (a) any statements or implication as to the successful integration of OPA and JDS Uniphase and any benefits resulting from the transaction, and (b) the statements regarding the expectation that OPA will develop higher and more diverse levels of automation in our manufacturing processes, and the belief that applying our expertise in wafer scale package and process design, optical/semiconductor equipment design, and high volume automation techniques will be a key aspect of differentiation in the optical component and module industry over the next few years. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected for both companies. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, without limitation, the 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 does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
SOURCE JDS Uniphase Corporation
CO: JDS Uniphase Corporation; JDS Uniphase Canada Ltd.; Optical Process Automation, Inc.
ST: California, Florida, Ontario
IN: CPR TLS
SU: TNM
02/21/2001 16:17 EST prnewswire.com |
