Optical Communication Products, Inc. Announces Closing of Transaction with GigaComm Corporation
Share:
WOODLAND HILLS, Calif.-- Aug. 25, 2006--Optical Communication Products, Inc. (NASDAQ:OCPI), a leading manufacturer of optical subsystems and modules, today announced it has completed its acquisition of privately-held GigaComm Corporation, a Taiwan-based supplier of passive optical network (PON) fiber-to-the-home (FTTH) components, as previously announced on July 13, 2006.
About Optical Communication Products:
OCP designs, manufactures and sells a comprehensive line of high performance, highly reliable fiber optic subsystems and modules for metropolitan area, local area and storage area networks. OCP's subsystems and modules include optical transmitters, receivers, transceivers and transponders that convert electronic signals into optical signals and back to electronic signals, enabling high-speed communication of voice and data traffic over public and private fiber optic networks. Its strategy calls for more comprehensive product offerings, a balance between growth and industry-leading financial strength, and concerted penetration of global markets. For more information visit OCP's web site at www.ocp-inc.com or the www.globalprovince.com link to Investor Digest.
OCP was founded in 1991 and has its headquarters in Woodland Hills, California. Furukawa Electric Co. Ltd., based in Tokyo, beneficially owns 58% of OCP's outstanding capital stock as of June 30, 2006. OCP currently has approximately 370 employees.
About GigaComm:
GigaComm was founded in 2000, has its headquarters and manufacturing facilities in the Hsinchu Science-Based Industrial Park in Taiwan, ROC, and has approximately 300 employees. GigaComm has been privately financed since its inception by a syndicate of institutional and private investors in Taiwan
Contacts
Philip F. Otto,
Optical Communication Products, Inc.,
818-251-7157
Frederic T. Boyer,
Optical Communication Products, Inc.,
818-251-7220
