CyOptics acquires CENiX's automated manufacturing capability

February 24, 2003--CyOptics Inc. (Waltham, MA), a developer of Indium Phosphide (InP)-based optical components, announced that it has acquired the optical component packaging capabilities of CENiX Inc, a manufacturer of automated assembly and test of optoelectronic subsystems.

CyOptics Inc. (Waltham, MA), a developer of Indium Phosphide (InP)-based optical components, announced that it has acquired the optical component packaging capabilities of CENiX Inc., a manufacturer of automated assembly and test of optoelectronic subsystems.

The purchase includes the component package design technology and automated manufacturing capability based in Allentown, PA. CENiX, founded in June 2000, has developed a proprietary state of the art automated manufacturing facility that leverages intelligent software and ultra-high precision hardware for low-cost and uniform production of optoelectronic components of over 10,000 components per month.

"We believe that in order to turbo-charge this industry, our customers require large scale device integration and 2X cost reductions from current prices, in their overall supply chain," says John Pilitsis, president and chief executive officer at CyOptics. "This consolidation of two best in breed players gives us the technology and low cost structure to meet our customers' needs."

In acquiring the new packaging factory, CyOptics gains the ability to provide a wide selection of components, including cooled and uncooled distributed feedback (DFB) lasers, electro-absorption modulated lasers (EMLs), and PIN and APD receivers. In addition, CyOptics can supply customized parts for high volume applications, including lasers and detectors for small form factor transponders and transceivers.

Financial terms of the acquisition were not disclosed. The purchase includes the acquisition of all capital equipment, inventory and intellectual property in the CENiX package development and manufacturing facility in Allentown, PA. In addition, CyOptics has hired the core manufacturing technical team of CENiX. CENiX retains the optoelectronic subsystem design and intellectual property assets that are part of the Irvine, CA operation.


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