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December 13th,
2000
Corning Completes Acquisition
of Pirelli’s Optical Components and Devices Business
CORNING, N.Y. - Corning Incorporated (NYSE:GLW)
announced today that it has completed the previously announced acquisition of
Pirelli S.p.A’s 90% interest in its optical components and devices business
for approximately $3.6 billion in cash. In a separate transaction, Corning also
acquired the remaining 10% of the company owned by Cisco Systems Inc. for
5,473,684 shares of Corning common stock.
Pirelli’s optical components and devices
business, based in Milan, Italy, is a manufacturer of lithium niobate
modulators, pump lasers, certain specialty fibers and fiber gratings used in
optical networks.
The addition of lithium niobate technology will
broaden Corning’s portfolio as the company continues to position itself as a
leading supplier of photonic products to optical layer companies. Lithium
niobate modulators are ideally suited for use in high-speed, long haul optical
communications networks. Additionally, the capabilities of Pirelli’s optical
components business in 980 nm pump lasers for submarine use will directly
complement and supplement Corning Lasertron’s terrestrial 980 nm pump
capabilities.
Established in 1851, Corning Incorporated (www.corning.com)
creates leading-edge technologies for the fastest-growing markets of the world’s
economy. Corning manufactures optical fiber, cable and photonic products for the
telecommunications industry; and high-performance displays and components for
television and other communications-related industries. The company also uses
advanced materials to manufacture products for scientific, semiconductor and
environmental markets. Corning’s revenues in 1999 were $4.7 billion.
December 13th,
2000
Corning To Boost Capacity At
Benton Park Photonic Technologies Plant
Expansion Driven by Strong Growth in Optical
Transport Products
CORNING,
N.Y.
— Corning Incorporated (NYSE:GLW), an industry-leading manufacturer
and supplier of optical fiber and photonic products, announced today that it
will invest more than $150 million dollars to add additional capacity at its
Benton Park Plant in Benton Township, Pennsylvania.
As a result of this expansion, Corning Photonic Technologies will
continue to maintain a market leadership position in erbium-doped amplifier
modules and looks to achieve significant growth in its dispersion compensation
modules product line over the next two years.
Corning intends to increase its capacity in amplifier modules by more
than 50% and dispersion compensation modules by more than 200%.
“Our ability to grow at or beyond market rates
is dependent upon our ability to achieve the manufacturing scale and unit volume
necessary to be responsive to our broadening customer base,” said Frank R.
Little, vice president and general manager, Optical Transport Products, Corning
Photonic Technologies. “While the
telecommunications industry is difficult to predict, we expect that the demand
for our photonic modules will continue to be very strong.”
Industry analyst reports forecast strong double-digit growth in the
photonic components market through 2002.
Erbium-doped amplifiers are the heart of the
optical amplifier, which eliminates attenuation (reduction in signal magnitude).
Dispersion compensation modules correct for chromatic dispersion (pulse
spreading) in high-speed networks. These
photonic products are especially important as systems providers deploy 10 and 40
Gbps DWDM networks.
Corning already employs 600 people in its Benton
Park facility. When complete this expansion is expected to provide a total
of approximately 2,500 jobs. Pennsylvania
Governor Thomas Ridge commented, “I am pleased that my economic development
team has worked so closely with Corning to make this employment opportunity a
reality for the Benton Park Township area.”
“Corning's
success in developing cutting edge photonics technology means success and new
jobs in Northeastern Pennsylvania," said Congressman Don Sherwood.
"I thank the leadership at Corning for their commitment to our
region and confidence in our people. We've
got a great future together."
December 8th,
2000
(Front
View)
(Back View)
Microwave Photonic Systems,
Inc. releases the SYSTEM 2300 RF/Optical Interfacility Link (IFL)
The System 2300 IFL is designed to send and
receive broadband RF (0.1 - 2.4 GHz) signals over optical fiber cable spans of
up to 20 km.
Applications included SATCOM, PCS, GPS, and
Trunk Radio.
The System 2300 IFL consists of a rack mountable
19" chassis, dual AC/DC power supply plug-ins, and up to ten RF/Optical
Plug-ins, arranged in any combination of transceivers, transmitters and/or
receivers.
December 6th,
2000
MF Lightwave, Inc
Introduces New Field Restoration/Connectorization Kit.
MF Lightwave, Inc has just released
a new field repair kit that meets all standards for endface geometry better than
99.965% first time pass. The kit incorporates MF Lightwave's proprietary 2
step polishing process that allows the user to produce polished connectors in
under 1 minute!
The kit has been field tested and
is currently approved by a major Telco for zero slack storage
requirements! Cables can be terminated in the field to factory standards
for Insertion loss, Return loss and endface geometry.
For more information call Mike @
(813)247-9623
December 6th,
2000
Datacom-Textron
releases the M.A.Ch. 10/100™
diagnostic analyzer
Datacom-Textron
has announced the release of its new M.A.Ch. 10/100™
diagnostic analyzer for local area networks. The M.A.Ch. 10/100™
is a card-sized instrument that converts any Windows 95/98/ME/CE2.x computer
with a PCMCIA port into a powerful troubleshooting tool for 10 and 100Mbps
Ethernet networks. Moves, Adds and Changes to the physical cabling and upper
layers of the network infrastructure are represented on-screen as diagrams,
charts and graphs for quick analysis and interpretation of results and data.
Diagnostic and configuration information can be stored for multiple sites,
making the M.A.Ch. 10/100™
a flexible, cost-effective solution for field technicians servicing and
maintaining network installations in different facilities.
December 5th,
2000
MF Lightwave Inc hires System
Implementation Manager
John Kovacs, formally System
Implementation and Standards Manager for NEC America has joined MF Lightwave,
Inc. John will be in charge of MF Lightwave's EF&I group expanding the
installation and test side of the company. MF Lightwave, Inc has field
personnel around the country performing installation, testing, field
connectorization services for the major telcos. John will be relocating to
Tampa, Florida.
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