OAK’S LASERTRON ANNOUNCES TWO-YEAR MULTI-MILLION DOLLAR CONTRACT TO SUPPLY DFB LASERS
WALTHAM, MA. Oak Industries Inc. (NYSE:OAK) has announced that its Lasertron, Inc. division has signed a two-year, multi-million dollar contract with a leading telecommunications equipment provider to be the majority supplier of Distributed Feedback (DFB) lasers for its Metropolitan Wavelength Division Multiplexing (WDM) transmission system. It is anticipated that the revenue from this contract could range from $30 to $50 million.
The Lasertron QLM715 family of Directly Modulated DFB lasers offers exceptional dispersion performance and wavelength stability to meet the performance requirements of cost-sensitive Metropolitan WDM systems. Lasertron also offers complete wavelength availability from 1528 nm to 1605 nm, enabling a broader and more cost-effective means for increasing channel counts.
“Lasertron is proud to have secured a long-term agreement to supply the majority of this customer’s DFB laser requirements through 2001,” stated David Nislick, Vice President of Marketing at Lasertron. “This contract confirms Lasertron’s position as a volume supplier of WDM transmission channel components. Additional transmission products will be brought to market in 2000 for both Metropolitan and Long Haul applications, encompassing higher power, higher data rate capability, and increased functionality.”
In October, Lasertron announced that it had secured a lease on 30,000 square feet and received Board approval for a $10 million investment proposal to expand the manufacturing capacity for DFB transmission lasers.
Lasertron is a manufacturer of DWDM active fiber-optic components used in long distance and metropolitan wired telephony networks. Lasertron’s pump lasers are deployed in major long distance networks and rings connecting headends in CATV systems. Lasertron’s advanced transmission products and detectors are used in the long distance, access and metropolitan portions of telephony networks. Product literature can be requested by e-mail at info@qlaser.com. Information about Lasertron is available at www.qlaser.com.
Oak Industries Inc. is a leading manufacturer of highly engineered components that it designs and sells to manufacturers and service providers in the communications and selected other industries. Oak’s communications components consist primarily of connectors for the CATV industry, frequency control devices used in wireless base stations and telecommunications applications, and DWDM fiber-optic components for the wired telephony infrastructure. Oak’s controls components include components for gas ranges, and switches and encoders which are used in a wide range of applications. On November 14, 1999, Oak announced that it had entered into an Agreement and Plan of Merger with Corning Incorporated pursuant to which Oak will become a wholly-owned subsidiary of Corning Incorporated. The merger is expected to be completed during the first quarter of 2000. Information regarding Oak Industries Inc. is available at www.oakind.com.
Contact: Coleman S. Hicks (781)-890-0400
Coleman S. Hicks
(781)-890-0400
E-mail: info@qlaser.com
Web site: http://www.oakind.com
