- 3 March 2005 -

NeoPhotics aligns with Photon Tech

NeoPhotonics Corporation, has become the largest shareholder in Photon Technology Co, Ltd. (Shenzhen) following the acquisition of all of the formerly state-owned shares, or approximately one-third of all outstanding shares, for cash and stock.

The combination of Photon Technologies and NeoPhotonics creates a optical component capability, with solutions that combine active and passive components into products and modules.

Specifically, the two companies combine the best next generation passive PLC technology with world-class high volume laser and transceiver manufacturing capability.

Numerous new product collaborations are underway, including the integration of active lasers with passive filtering and alignment on a PLC substrate for low cost triplexers for FTTP, as well as transceiver modules and integrated ROADMs.

Together the companies working on the future of optical components by integrating multiple functions on a single chip to provide module and subsystem solutions, or optical SoC.

The two companies will fully support each other’s sales and customer support activities while combining sales channels in many regions.

"In addition to the companies leveraging each other’s geographic and technological strengths to become a global force in optical components, this deal is unique in that it’s one of the first cases of a US company acquiring a major position in a large Chinese state-owned enterprise in the high-tech sector," said Tim Jenks, CEO of NeoPhotonics.

Dr. Zhangyong Huang, Photon’s President & CEO said "We are the only company in China designated by the Chinese government as the recognised platform company for commercialisation of high tech opto-electronic products, including photo diodes, laser diodes, bidi and triplexer transceivers.

"Such designation is rare, as only 51 companies in China have received it - but we are the only such opto-electronics company."