JERUSALEM, January 26, 2011 /PRNewswire/ -- - Transaction Includes Secondary Purchases From Several Existing Shareholders and Equity Investment in the Company to Drive Growth and Expansion - Company Surpassed $100 Million Revenues in 2010, Ending the Year With Substantial Backlog and Visibility into 2011 - Company's Indium Phosphide (InP) and Silicon Optics Device Technologies are Enabling High-Speed Broadband Connections up to 100Gb/s
The photonics industry is once again entering a growth phase driven by demand from wireless backhaul, cloud computing, data center congestion, video downloading and social networking. Bandwidth demands are doubling every 18 months and the optical transmit and receive sub-components designed and manufactured by CyOptics are enabling said growth. CyOptics holds a market leadership position that extends from the high volume consumer fiber-to-the home (FTTH) market, to the high technology U.S. defense market, and to the production of next generation of photonic integrated circuits.
"Over the past decade, we have worked closely with the CyOptics’ management to build the Company into a leading independent global organization. The Company’s strong underlying technology, broad portfolio of products, and successful acquisition and integration capabilities, position it for continued growth as a prominent player in the industry."
Bell Labs Lehigh Valley, Pennsylvania South Plainfield, NJ Matamoros, Mexico http://www.cyoptics.com
Jerusalem New York Los Angeles Paris $820 million dollars Israel’s $2bn Jerusalem http://www.jvpvc.com
For additional information: Fiona Darmon, VP Investor Relations JVP [email protected] +1-212-479-5155 (US) +972-52-695-4400 (Israel)