February 15, 2006 San Jose, CA -- JDSU today announced that it has entered a definitive agreement to sell its manufacturing operations located in Ottawa, Canada to Fabrinet, its contract manufacturing partner.

"This transaction marks the final phase of our plan to transition all optical communications assembly manufacturing to Asia," comments Debbie Shoquist, vice president of global operations for JDSU. "We believe that with additional resources from Fabrinet and a cohesive transfer team, we will ensure a smooth transition for our employees and our customers."

According to a press release, the transaction is expected to close in the third quarter of FY06. Upon closing, Fabrinet will manage ongoing production and the Asian transfer activities currently performed by the Ottawa site. Non-manufacturing activities at the Ottawa site are unaffected by the agreement.