Arroyo Optics And Lightcross To Merge

Oct. 3, 2003
Santa Monica, CA, October 6, 2003. Arroyo Optics and Lightcross have agreed to merge. The surviving entity will be Arroyo Optics, and will be comprised of technologies and products developed with over $50M of combined R&D capital provided by private equity investors. Both companies focus on products targeting fiberoptics infrastructure applications that serve the growing need for high bandwidth services in the communications market

Santa Monica, CA, October 6, 2003. Arroyo Optics and Lightcross have agreed to merge. The surviving entity will be Arroyo Optics, and will be comprised of technologies and products developed with over $50M of combined R&D capital provided by private equity investors. Both companies focus on products targeting fiberoptics 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 stated, "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, said, "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 fiberoptics infrastructures. Both product platforms enable a reduction of network costs, enhance network flexibility, facilitate network scalability, and minimize craft sensitivity in network operations.

Arroyo Optics is a developer and manufacturer of flexible wavelength management solutions for telecommunications systems manufacturers and service providers. Based on its UltraFilter technology platform, Arroyo Optics creates a family of "all optical" filters ideal for wavelength blocking, dynamic channel equalization (DCE), reconfigurable optical add/drop multiplexing (ROADM) and wavelength routing applications. Arroyo's solutions enable the deployment of low-cost, flexible, highly dynamic, remotely reconfigurable optical networks.

For more information, visit www.arroyooptics.com .

Lightcross develops and produces silicon-based opto-electonic integrated circuits and modules that offer unprecedented improvements in cost, size, power consumption and performance over discrete components. Lightcross has developed the fastest Variable Optical Attenuator (VOA) Arrays available, providing sub micro-second response times, low insertion loss, and low PDL over a broad attenuation range. This performance makes them suited for demanding applications in transient control and wavelength management for reconfigurable optical networks.

For additional information, visit www.lightcross.com .

Laser Focus World

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