APA Optics loses $500k order for DWDM optical component

Aug. 13, 2001--APA Optics, Inc. announced a customer canceled an order for its 16 channel, 50 Gigahertz spacing dense wavelength division multiplexer/demultiplexer components.

APA Optics, Inc. (Nasdaq: APAT) announced it has received notice from a customer canceling an order for its 16 channel, 50 Gigahertz (GHz) spacing dense wavelength division multiplexer/demultiplexer (DWDM) components. The customer cited concern over the time required to deliver qualified components and a potential conflict with its production schedule requirements as reasons for withdrawing the order, valued in excess of $500,000.

"While we continue to make progress toward Telcordia GR1209 qualification, the customer determined that, based on our current status, the time required to achieve qualification didn't fit with its production schedule," said Anil Jain, president and chief executive officer of APA Optics.

APA has a smaller order from this customer that was scheduled for delivery in July and delivery and acceptance of these DWDMs were the basis for the follow-on order. The July delivery date has now been moved to October, allowing APA more time to produce DWDMs that meet customer specifications.

About APA Optics:

APA Optics, Inc. designs, develops, manufactures and markets advanced products for fiber optic communications, including dense wavelength division multiplexing (DWDM) components, and Gallium Nitride compound semiconductor-based ultraviolet detectors, instruments and consumer products. For more information, visit www.apaoptics.com.

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