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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Renee Scherb who started this subject1/6/2004 10:07:13 AM
From: cmg   of 42804
 
Press Release Source: Luminent

Luminent Announces Brand Unification With Its Taiwan Subsidiary, OIC, to LuminentOIC
Tuesday January 6, 9:07 am ET

CHATSWORTH, Calif., Jan. 6 /PRNewswire/ -- Luminent, a leading supplier of metro transceivers and Fiber-to-the-Premise solutions, has announced brand unification between its Luminent and OIC divisions into LuminentOIC.
Optronics International Corporation (OIC) has been an integral part of Luminent from July of 2000 when its parent company, MRV, acquired the Taiwanese manufacturer of active fiber optic components, OIC. The acquisition was made to expand Luminent's product offerings, expand its manufacturing capabilities and enhance its technology expertise. High-volume, low-cost products from the Taiwan facility were branded under the OIC name. Lower volume, higher technology products from the US division were branded under the Luminent name. Following a recent structural unification of both facilities, all products will now be branded under the LuminentOIC name to reflect its combined emergence as a low-cost, high volume manufacturer.

The Company's US and Taiwan based facilities leverage off internal vertical integration to offer the lowest cost, high volume component solutions. With its California Research and Design center and an ISO9001 certified pilot production line, LuminentOIC is well positioned to respond quickly and with great flexibility to customer requirements and design cycles. LuminentOIC's Taiwan facility is an ISO9001 and ISO14001 certified high volume manufacturing facility fully staffed to address continual cost reduction via production and automation engineering teams. With a state-of-the-art, mass manufacturing facility utilizing metal organic chemical vapor deposition (MOCVD) and fully automatic packaging and testing processes, LuminentOIC is positioned to deliver state of the art solutions at compelling price points.
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