July 19, 2006 Chatsworth, CA, and Wuhan, China -- Luminent, a wholly-owned subsidiary of MRV Communications, today announced that it has mutually agreed with Huagong Tech Company Ltd (HG Tech) to terminate the agreement under which Luminent was to acquire HG Genuine Opto, a subsidiary of HG Tech. The termination is based on current market valuations of comparable companies and further due diligence. The parties have expressed the hope that they will find mutually agreeable terms in the future.
Luminent supplies fiber-to-the-premise (FTTP), metro transceivers, and CWDM and DWDM Solutions and has research and design centers and TL9000 certified production facilities in Chatsworth, CA, and Hsin-Chu, Taiwan. According to Luminent representatives, the company has pioneered the field of triplexer transceivers for triple- play voice, video, and data services and is currently the dominant supplier of triplexer transceivers worldwide. Luminent has shipped over a half million triplexers for deployment in homes across North America. Luminent supplies a diverse customer base that includes top tier system OEMs such as Alcatel, Ciena, Motorola, Redback, and Tellabs in its top five customers.
