News Release from: Arroyo Optics
Edited by the Electronicstalk Editorial Team on 7 October 2003
Arroyo Optics to merge with Lightcross
Arroyo Optics has agreed a merger with Lightcross, a manufacturer of integrated, silicon-based optical products for telecommunications equipment.
Note: Readers of the Editor?s free email newsletter will have read this news when it was announced. . It?s free!
Arroyo Optics and Lightcross have agreed to merge. Under the terms of the agreement, the surviving entity will be Arroyo Optics, and will be composed of technologies and products developed with over $50 million of combined R and D capital provided by private equity investors. Both companies focus on products targeting fibre-optics infrastructure applications that serve the growing need for high bandwidth services in the communications market.
Lightcross CEO Robert Barron will become CEO, Chairman and President of the resulting company.
Barron states: "By joining the companies, the shareholders of each company believe a unique advantage in the market is created.
With broadened technology platforms, as well as a fortified commitment of financial resources from investors, the company is well positioned to expand its offering of leading products to current and prospective clients".
Hatch Graham, interim CEO of Arroyo Optics, says: "I'm delighted to have guided the introduction and deployment of Arroyo Optics' programmable optical filter products over the past six months, as well as the strategic relationship building with the company's client base.
Furthermore, we're excited about the potential of the new company and the expanded product offering that can be achieved".
Graham will serve on the merged company's Board of Directors.
With the merger, two unique and critical product platforms will be offered to manufacturers of dense wavelength division multiplexing (DWDM) equipment, which are essential within fibre-optics infrastructures.
Both product platforms enable a reduction of network costs, enhance network flexibility, facilitate network scalability and minimise craft sensitivity in network operations.
Jean-Louis Malinge, photonics industry executive and a consultant for the merger, states: "From my perspective, the two platforms offer a nice risk balance.
The technology platforms share basically the same tier 1 and tier 2 customers, and within these customers' organisations, the same procurement and in some cases the same engineering groups".
? Arroyo Optics: contact details and other news
? Other news in Optoelectronics
? Email this news to a colleague
? RSS news feed for Arroyo Optics
? RSS news feed for Optoelectronics
? Electronicstalk Home Page