TXP expands to accommodate iPhotonics ONT business

Nov. 30, 2006
NOVEMBER 30, 2006 -- TXP Corp. has expanded its facility in Richardson, TX, following the recent hiring of Siemens' former ONT staff.

NOVEMBER 30, 2006 -- TXP Corp. (search for TXP) has expanded its facility in Richardson, TX, to include 16,488 additional square feet of adjacent space within the current building. As a result, the company's facility now includes approximately 47,000 square feet. The additional space will be used to accommodate the newly expanded iPhotonics research and development team, following the recent hiring of Siemens' former ONT staff. In addition, the space will include additional warehouse space and a staging area for the TXP Retrofit Solutions business.

Michael C. Shores, president and chief executive officer of TXP, commented, "We have received very positive indications and initial interest for our optical network terminal technology from several major carriers. This new space will help accommodate the anticipated demand and enable us to ramp up quickly to meet our future requirements."

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