SAN JOSE, Calif., April 3 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI)
announced today the closing of the previously announced acquisition of
Veritech Microwave, Inc. As required by the merger agreement signed on
February 28, 2000, SDL has issued 3.0 million shares of SDL, Inc. stock in
exchange for all of the stock of Veritech. SDL Veritech, located in South
Plainfield, New Jersey, is a leading manufacturer of high speed optoelectronic
modules for long haul undersea and terrestrial fiber optic transmission
systems. The acquisition will further SDL's position in high performance
OC-192, 10 Gb/s module level transmitter and receiver products, and is
expected to provide the functionality and performance required by SDL's large
base of dense wavelength division multiplexing (DWDM) customers.
SDL's products power the transmission of data, voice and Internet
information over fiber optic networks to meet the needs of telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. They enable customers to meet the bandwidth
needs of increasing Internet, data, video and voice traffic by expanding their
fiber optic communications networks much more quickly and efficiently than
would be possible using conventional electronic and optical technologies.
SDL's optical products also serve a variety of non-communications
applications, including materials processing and printing. Additional
information about SDL, Inc. is available on the Internet at http://www.sdli.com .
Statements in this press release which are not historical including
statements regarding SDL's or management's intentions, hopes, beliefs,
expectations, representations, projections, plans or predictions of the future
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements include statements regarding
the SDL Veritech's leading position as a manufacturer of high speed
optoelectronic modules, the ability of the merged companies to further SDL's
position in performance module level transmitter and receiver products, and
the expected provision via the acquisition of the functionality and
performance required by SDL's customers. It is important to note that the
Company's actual results could differ materially from those in any such
forward-looking statements. Factors that could cause actual results to differ
materially include the failure to successfully incorporate the acquired
business, and risks related to uncertainties in or failure to meet customer
product specifications and market requirements, and the risk factors listed
from time to time in the Company's SEC reports including but not limited to,
the annual report on Form 10-K and 10-K/A for the year ended January 1, 1999.
and the quarterly reports on Form 10-Q for the quarters ended March 31,
June 30 and September 30, 1999.
For more information on SDL, Inc. at no cost, please call 800-PRO-INFO
(U.S.) or 732-544-2850 (Int'l), ticker symbol, SDLI.
SOURCE SDL, Inc.
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Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411, or general info, Lisa Horn Chainey, or investors,
Susan Katz, 415-986-1591, both of The Financial Relations Board
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