Picometrix signs supply agreement for 40G optical receivers

JANUARY 6, 2009 -- The first year of the agreement is expected to result in annual revenues in excess of $1 million for the company.

JANUARY 6, 2009 -- Picometrix, LLC (search for Picometrix), an Advanced Photonix Inc. (API) company, says it has signed a multi-year agreement with what it calls "an industry leading optical subsystem manufacturer" to supply 40-Gbps optical receiver components. The client will use the receivers in subsystems to address next-generation telecommunication network requirements. The first year of the agreement is expected to result in annual revenues in excess of $1 million for the company.

Under the agreement, Picometrix will supply client-side NRZ and line-side DPSK and DQPSK optical receivers. The receivers will be incorporated into the customer's 40-Gbps transponders.

"The network evolution to 40 Gbps is necessary to alleviate bandwidth bottlenecks and represents a significant growth opportunity during the next several years," said Rob Risser, general manager of Picometrix and CFO of API. "We are pleased to be a key supplier to an industry-leading optical communication equipment manufacturer and look forward to supporting them with industry-leading 40-Gbps and future 100-Gbps advanced optical receivers."

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