SDL, Inc. Presents at Hambrecht & Quist Technology Conference
PR Newswire - April 29, 1999 14:45
SAN FRANCISCO, April 29 /PRNewswire/ -- In a presentation today in San Francisco at the 27th Annual Hambrecht & Quist Technology Conference, the management of SDL, Inc. (Nasdaq: SDLI), a world leader in providing solutions for optical communications and related markets, discussed the company's growth prospects and current business strategies.
SDL's products power the transmission of data, voice and Internet information over fiber optic networks to meet the needs of telecommunications, dense wavelength division multiplexing (DWDM), cable television and satellite communications applications. They enable customers to meet the bandwidth needs of increasing Internet, data, video and voice traffic by expanding their fiber optic communications networks much more quickly and efficiently than would be possible using conventional electronic and optical technologies. SDL's optical products also serve a variety of non-communications applications, including materials processing and printing.
Commenting on the company's primary growth driver, the long-haul terrestrial DWDM market, Chairman and Chief Executive Officer Donald R. Scifres said, "Fiber optic communications has been on the rise for most of the last decade, especially since the introduction of erbium doped fiber amplifiers. These amplifiers, which are powered by our 980 nm lasers and pump modules, are allowing rapid expansion in the information carrying capacity of fiber optics through the use of DWDM. In the near-term, the long-haul terrestrial DWDM market continues to be the primary growth driver for the company, and we are also benefiting from growth in the undersea and cable television markets."
SDL's Chief Financial Officer, Michael L. Foster said, "Our major goals in 1999 include further leveraging our technology leadership in the DWDM market by continuing to produce profitable products with the high quality and high reliability requirements of our customers. Secondly, we are adding capacity to and upgrading our manufacturing capabilities, including a new building in Victoria, British Columbia. Finally, we are strengthening our long-term customer relationships with leading companies around the world. Additionally, looking to future growth opportunities, we announced on March 31, 1999, plans to acquire IOC International plc (IOC), a U.K.-based manufacturer of lithium niobate components for long-haul fiber optic transmission systems. This combination of SDL and IOC will offer many strategic benefits, including broadening our existing product portfolio into the large transmitter side of the DWDM market, adding new manufacturing capabilities and strengthening our access to key customers in Europe. We expect to complete this acquisition in the 1999 second quarter."
Statements in this press release which are not historical, including statements regarding SDL's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, including without limitation, the expected growth of the DWDM market and the strategic benefits and timing of the IOC acquisition are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that the Company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include risks related to the growth of the DWDM market, uncertainties in or failure to meet customer and market requirements, failure to achieve or participate in market growth, inability to penetrate the European markets, delay or failure to complete the IOC transaction in the second quarter of 1999, delay or failure to successfully incorporate the acquired business, an inability to retain the present IOC management team, and the risk factors listed from time to time in the Company's SEC reports including, but not limited to, the annual report on Form 10-K/A for the year ended January 1, 1999.
SOURCE SDL, Inc.
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