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AXT, Inc. Announces 980 nm Laser Diode Products

Source: AXT, Inc.

Available for Telecommunications Applications

Fremont, CA. The VCSEL/LD Technologies Division of AXT, Inc. (Nasdaq: AXTI) a leading supplier of customized VCSEL and edge-emitter lasers for telecommunications and data communications applications, announces volume production of 980nm FP Edge-Emitter lasers.

The 980nm lasers exhibit stable single-mode operation with output power up to 200mW and threshold currents less than 10mA and slope efficiency better than 0.9W/A. Initial reliability tests have shown favorable results and long-term tests are currently underway. The lasers are offered with both aluminum and aluminum-free structures, and are available as unpackaged chips or in standard TO-can packages.

"We are very pleased with our new 980nm laser offerings," said Morris Young, CEO of AXT, Inc. "They provide a cost effective solution for telecommunication applications requiring near pump-laser performance. We are proud of the technological achievements made by our laser diode group with the introduction of these 980nm lasers, as we continue to push edge-emitter performance to new levels. The introduction of these 980nm devices continues to position us as a comprehensive supplier of both VCSEL and edge-emitter laser products for our customers needs in the optical communications industry. We continue to leverage our highly efficient manufacturing capabilities in edge-emitters with the introduction of 980nm technology, while allowing AXT to focus on the more demanding, longer-wavelength lasers."

AXT, Inc. Announces Ion-Implant VCSEL Devices for CWDM Applications

Production Quantities Available in Wavelength Spacing From 780nm to 870nm

Fremont, CA. The VCSEL Technologies Division of AXT, Inc. (Nasdaq: AXTI) a leading supplier of customized VCSEL and edge-emitter lasers for telecom and data communications applications, today announced volume production of ion-implant VCSEL devices designed for fiber optic applications such as CWDM (coarse wavelength division multiplexing) data communications.

The devices are available with custom-matched wavelength spacing from 780nm to 870nm, and can be tailored to meet a variety of customer specific product designs. The devices have stable power output of up to 13mW and can be modulated at frequencies in excess of 2.1 GHz. Device reliability has been extensively tested and has been demonstrated to exceed current industry benchmarks.

"We are quite excited about our new CWDM VCSELs," said Morris Young, CEO of AXT, Inc. "This is a very rapidly growing market and we are now able to help our customers achieve their complex multi-VCSEL product designs. We have made great strides in the development of our VCSEL technology over the past several months, and continue to invest heavily in this area. We are proud of the very tight wavelength tolerances achieved by our manufacturing operations. Our product roadmap will continue to focus on meeting the demands of the marketplace as our customers seek unique VCSEL solutions. AXT is committed to being a leader in the VCSEL arena," he said.

About AXT, Inc.

AXT designs, develops, manufactures and markets high-performance compound substrates for the fiber optics and communications industries. The company s proprietary Vertical Gradient Freeze (VGF) crystal growth technology produces low-defect, semi-insulating and semi-conducting gallium arsenide, indium phosphide and germanium wafers. AXT is also a leading producer of light-emitting diodes (LEDs), such as blue, cyan and green LEDs, for the display and lighting industries and vertical cavity surface emitting lasers (VCSELs) for the fiber optics industry. For more information, see AXT s website at www.axt.com. The company can also be reached at 4281 Technology Drive, Fremont, California 94538 or by calling 510-683-5900. AXT is traded on the Nasdaq National Market under the symbol AXTI.

Safe Harbor Statement

This press release contains forward-looking statements regarding the availability, performance and market acceptance of new 980 nm laser diode products, the company s ability to bring these products to market and the current market conditions in the optoelectronic device industry. Forward-looking statements address matters that are subject to a number of risks and uncertainties, including but not limited to: unpredictable fluctuations in our operating results due, among other factors, to the expansion of our China operations which may be costlier or take more time than expected; the limited availability and increased cost of critical raw materials, particularly gallium and arsenic, where we depend on a limited number of suppliers; the timing, volume, and pricing of orders from customers; an inability to expand our manufacturing capacity to meet demand for our products; failure to achieve anticipated sales of our new HB LED and VCSEL products; potential slowdowns in the wireless handset and fiber optics markets which may cause our customers to reduce or delay orders of our products; if we do not comply with environmental and other regulations we may incur large fines and delays in manufacturing our products; and if we experience frequent electrical power outages our production could be reduced and we may incur costs related to interrupted productions runs. Reference is made to AXT s filings with the Securities and Exchange Commission, including AXT s Form 10-K for the year ended December 31, 1999 and its Form 10-Qs filed for each of the subsequent quarters, and to AXT s Form S-3, for further discussion of risks and uncertainties regarding AXT s business.

Contact: Don Tatzin of AXT, Inc. Tel: 510-683-5900 or Leslie Green of Stapleton Communications Inc. Tel: 650-470-4222 for AXT, Inc.

 

Don Tatzin of AXT, Inc.
Tel: 510-683-5900
or Leslie Green of Stapleton Communications Inc.
Tel: 650-470-4222 for AXT, Inc.
 
Web site: http://www.axt.com
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