ADC completes sale and closure of photonic components unit

4 November 2002 -- ADC has completed the sale of its passive photonic component operations in Canberra, Australia to Verrillon Inc and the closure of its pump laser and micro-optic product facility in Vadnais Heights, Minnesota and its tunable laser plant in Jarfalla, Sweden.

Nov 5th, 2002

4 November 2002 -- ADC has completed the sale and closure of its photonic components business unit. The company had announced in August its intention to withdraw from photonic components manufacturing.

ADC has sold its operations in Canberra, Australia to Verrillon Inc. The facility designs and manufactures passive photonic components, including splitters, combiners, and wavelength division multiplexers. The 55 staff will transfer to Verrillon.

Also, ADC has ceased operations at the following facilities:
-- Vadnais Heights, Minnesota, which developed and manufactured pump lasers and micro-optic product. About 72 positions have been eliminated.
-- Jarfalla, Sweden, which developed and manufactured tunable lasers.
ADC will sell off any remaining assets and market the Vadnais Heights facility for lease or sale.

The company says that the photonic components divestitures do not impact its traditional fibre and copper connectivity businesses.

ADC will also cease development, marketing and sales activity related to its iAN (intelligent Access Network) Broadband Access Gateway platform, which addressed US-based service providers' efforts to use existing copper plant in transitioning voice networks to an intelligent broadband network. ADC will retain intellectual property rights for a possible re-entry into the market at a later date. The decision does not effect the continued focus on the wireline communications service provider market.

www.adc.com

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