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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?


To: fibrehound* who wrote (714)9/8/1999 12:19:00 AM
From: fibrehound*  Respond to of 2484
 
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Galileo Gets Receipt of Order for DWDM Optical Filters
9/7/99 The Optical Filter Corp. (OFC) subsidiary of Sturbridge, MA-based Galileo Corp. is filling a purchase order for dense wave division multiplex (DWDM) optical filters in the amount of $5.2 million. Deliveries are expected to be made over the next four to six months. In addition, OFC is negotiating and expects to conclude shortly a longer-term supply agreement with the same customer, expected to total approximately $15 to $20 million for DWDM filters, for delivery during calendar year 2000.

DWDM filters are a key component used by telecommunications equipment manufacturers to split a single fiber optic channel into multiple wavelengths, thus permitting a substantial increase in communications capacity. The need for increasing capacity stems from the surge in demand for fiber optic capacity fueled, in part, by the growth of Internet traffic.

Worldwide growth
The company has established a subsidiary in Germany with the specific objectives of conducting research in the area of optical filter design and processing systems as well as manufacturing DWDM filters. Together with the optical filters manufactured by OFC's Natick, MA plant, the new operation should allow Galileo to offer customers a range of optical telecommunications filters on a global basis. The facility, located near Frankfurt, Germany, is expected to be in operation by March 2000.

New name
Lastly, in recognition of the emergence of the company primarily as a manufacturer of optical telecommunications components, its board of directors has voted to change the name of Galileo to NetOptix Corp. The new corporate name is expected to be effective September 30 or shortly thereafter.



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To: fibrehound* who wrote (714)9/8/1999 1:50:00 AM
From: Don Johnstone  Respond to of 2484
 
<<a competitor of Lumm?>>

horizonphotonics.com

I had a look around their web site and couldn't tell too much. I didn't see 'DWDM' and there was no description given as to how they make the passive components. But they do have an automated system of some sort which could be interesting!

Cheers,

Don