JDS Uniphase plans to invest us$ 125 million to expand capacity to meet increasing customer demand
Nepean, Ontario, and San Jose, California. JDS Uniphase Corporation (Nasdaq: JDSU and TSE: JDU) announced today it will invest US$ 125 million to add an additional 600,000 sq. ft. and related capital equipment to its global operations. The largest single expansion will take place in Ottawa, Canada, where JDS Uniphase will commence construction of the third phase of its main campus facility consisting of approximately 360,000 sq. ft. of additional R&D, manufacturing and office facilities. An additional 240,000 sq. ft. are being added around the world to operations including Sydney, Australia; Chalfont, Pennsylvania; Bloomfield, Connecticut; West Trenton, New Jersey; Melbourne, Florida; and Torquay, England.
This investment is part of JDS Uniphase s continuing strategic plan to meet customer demand for both components and modules and will bring the total JDS Uniphase square footage globally to over an approximate 2,100,000 sq. ft. The expansion is targeted toward increasing volume capacity for a broad range of products including wavelength division multiplexers, optical switches, attenuators, fiber Bragg gratings, circulators, gain flattening filters, photodetectors, wavelength lockers, and modulators, as well as modules such as amplifiers, transmitters and receivers.
"We are very excited to be expanding our facilities globally to meet growing customer demand," said Jozef Straus, Co-chairman & President. "The investment of US$ 125 million reflects our confidence in the outlook of the fiberoptic industry and our desire to continue to expand our presence in each of our locations around the globe. As we enter into the new millennium, we believe that this expansion, among other things, will better position JDS Uniphase to serve the needs of its customers and to seize the future opportunities the industry will offer. This investment will enhance JDS Uniphase s ability to grow with the market and to maintain and strengthen its world leading position."
JDS Uniphase 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.jdsunph.com.
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 Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "intention" "plans," "estimates," "anticipates," and similar words. Such forward-looking statements include, but are not limited to, the statements regarding growing customer demand and our belief as to JDS Uniphase s ability to serve the future needs of its customers and the company s ability to grow and maintain its competitive position. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, 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.
Web site: http://www.jdsunph.com
