Hitachi's semiconductor and IC opto-device division incorporated into OpNext

October 1, 2002 -- Hitachi's semiconductor and IC opto-device division is now part of OpNext, an optical components company formed from Hitachi's fiber-optic components business unit in 2001. The opto-device division designs, manufactures, and sells devices and modules for the access, metro, and long haul communications, in addition to the information and industrial markets.

Oct 1st, 2002

October 1, 2002 -- Hitachi's semiconductor and IC opto-device division is now part of OpNext, an optical components company formed from Hitachi's fiber-optic components business unit in 2001. The opto-device division designs, manufactures, and sells devices and modules for the access, metro, and long haul communications, in addition to the information and industrial markets. With a solid technology base in lasers, including high power lasers for DVD applications, receivers, and packaging, the opto-device division will continue to build on its unique capabilities in low cost mass production.

Optical network systems vendors are increasingly demanding complete modular solutions, and OpNext is moving to address these needs through this transfer. In order to fulfill customer requirements, suppliers must deliver more compact solutions, which offer higher performance at lower costs with greater product functionality. The addition of the opto-device division will strengthen and expand OpNext's position in the optical component market by securing a line of high power, high quality lasers at a lower cost. OpNext will continue to service its clients in the data and telecommunication markets, but it will also focus on the information and industrial markets made possible by this transfer.

"This transfer is an important step for OpNext toward becoming the leading global provider of optical components and devices. Moving forward, we anticipate that our customers will require opto-electrical modules with a higher degree of integration, and the addition of the opto-device division enables us to meet this need," said Harry Bosco, president and chief executive officer of OpNext. "We are all excited about enhancing OpNext's position in the active optical components market through the addition of the opto-device division. This transfer is consistent with OpNext's growth strategy and will strengthen the technology leadership of both organizations."

OpNext (Eatontown, NJ) is a global provider of optical components including high power lasers, laser diode modules, transmitters and receivers, XENPAK modules, transceivers and transponders. For additional information, see the OpNext Web site at www.opnext.com.


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