News: Portfolio 2008

Finisar Partners with Nistica to Offer ROADM Modules

FLEDGE Platform Extends Finisar's Product Portfolio; Finisar participates in Series B funding

SUNNYVALE, CA & BRIDGEWATER, NJ. February 25, 2008 – Finisar Corporation (NASDAQ: FNSR), a technology leader in fiber optic solutions for high-speed networks, and Nistica, a global supplier of agile optical modules, today announced a partnership to provide FLEDGE reconfigurable add/drop optical multiplexers (ROADMs) to telecom system companies in Europe, China and North America utilizing Finisar’s global sales
channels. In a separate announcement earlier today by Nistica, Finisar has participated in a $9 Million Series B funding round for the three year old New Jersey company. This strategic investment by Finisar affirms the company’s commitment to providing customers with leading edge technology for an evolving optical communications market.
 

Under the partnering agreement, Finisar will market through its sales channels all of Nistica’s ROADMs, including the FLEDGE 2, FLEDGE 3 and FLEDGE 10 for edge node applications, and the new FULL FLEDGE ROADM announced earlier today by Nistica. Finisar serves a large number of tier one telecommunication and data communication OEMs worldwide.

“Finisar has built a track record of firsts in optical communications, and in our work with Nistica, we will continue that reputation,” stated Jerry Rawls, CEO, Finisar. “We have great confidence in the FLEDGE devices and are particularly focused on the emerging demand for Nistica’s FULL FLEDGE ROADM module for metro applications. This is the right functional mix with the right economics for agile optical networks.”

 

“It means a great deal to us in terms of market validation that Finisar and its customers have immediate interest in FULL FLEDGE,” stated Nistica CEO Ashish Vengsarkar. “Above and beyond today’s needs, we believe that we can mesh well with Finisar’s future pipeline, helping to ensure the best in agile optical modules for highcapacity network applications.”
 

 

 

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