Northlight Optronics acquires Ericsson's opto-electronic component business

January 20, 2003--Northlight Optronics AB announced the acquisition of the opto-electronic component business unit of Ericsson. This unit has more than 20 years experience in the design development and manufacture of telecommunication fiber-optic components.

Jan 20th, 2003

Northlight Optronics AB announced the acquisition of the opto-electronic component business unit of Ericsson. This unit has more than 20 years experience in the design development and manufacture of telecommunication fiber-optic components.

Northlight Optronics will build on Ericsson's 20-year plus track record of proven manufacturing and design capability of long-wavelength optical transmitters and receivers. The initial product range includes distributed feedback-electro-absorption (DFB-EA) and DFB laser transmitters, and high-speed receivers up to 10 Gbits/sec.

Northlight Optronics designs and manufactures optical transmitters and receivers operating up to 10 GBits/sec for long haul, metro and high-speed LAN applications. Fully-qualified 10 Gbits/sec components for up to 80-km reach are already shipping.

Substantial equity financing has been committed to the company from CapMan/Swedestart-funds managed and advised by CapMan, European Digital Partners (EDP) and the founders. Ericsson has taken a minority stake in the company.

Northlight Optronics AB founding team comprises Mr Keith Halsey, senior Opto Adviser at EDP, previously founder & CEO of Lyte Optronics (sold to AXT Inc) and Demeter Inc (sold to Finisar Inc), Mr Robert Green, previously VP Business Development of Bookham Technology plc, Dr David Darby, previously CTO of Lyte Optronics Inc and Tom Mellkvist, previously CFO of ADC in Sweden (formerly Altitun AB).

For more information about Northlight Optronics (Kista, Sweden), call Robert Green at +46 8 757 5413 or Birgitta Skoglund at +46 8 757 4207.

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