Increases Capacity for New Product Line Additions
SAN JOSE, Calif., June 28 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI)
announced today plans to build two new facilities that will expand its North
American operations by 183,000 square feet to meet demand for SDL's Raman
amplifier product line and emerging transmitter and receiver products. These
additions include a 50,000 square foot facility at its Santa Clara, California
campus and a 133,000 square foot facility in Piscataway, New Jersey. These
moves follow recent manufacturing facility expansions for semiconductor
lasers, lithium niobate modulators, 980 nm pump modules and doped specialty
optical fibers. SDL plans to occupy the new facilities and begin production
at both sites by the end of the fourth quarter of this year.
The new Santa Clara facility will house the design and production of SDL's
growing Raman amplifier product line. "In 1999, SDL was the first company to
introduce Raman pumps for amplifiers," according to Donald R. Scifres, chief
executive officer of SDL. "The market for Raman amplifiers is growing rapidly
and we are increasing our production capability in anticipation of our
customer needs for 2001."
The facility in Piscataway, New Jersey will become SDL's east coast
headquarters including the company's east coast sales base. SDL expects to
move its recent Veritech acquisition out of its current 18,000 square foot
location and will initially occupy approximately 70,000 square feet in the new
building. The new facility will house the design and production of SDL's 10
and 40 Gb/s electronic circuits and be the headquarters for SDL's emerging
transmitter and receiver products. "The market for high performance 10 Gb/s
electronics is growing rapidly and SDL Veritech's leading edge product line
has resulted in customer orders and interest which drive this dramatic
expansion," said Gregory P. Dougherty, chief operating officer of SDL, Inc.
"We intend to leverage our lithium niobate and electronics capabilities to
address the emerging market for high-speed modules with increased
functionality."
Dougherty added, "These expansions reinforce SDL's commitment to our
customers as we drive to expand our product lines with leading edge products."
About SDL
SDL's products power the transmission of data, voice, video 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 company's need for increased manufacturing facilities to meet growing
customer demand, the company's plans to expand its North American operations
in California and New Jersey to house the design and production of its Raman
amplifier product and its 10 and 40 Gb/s electronic circuits, respectively,
the schedule for completing these expansions, the anticipated growth in demand
for both Raman amplifiers and high performance 10 Gb/s electronics, the
technological capabilities and market acceptance of SDL Veritech's products,
the company's plans to leverage its lithium niobate and electronics
capabilities to address the emerging market for these products, and the
company's leading edge products. 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 risks related to uncertainties in market growth, the company's
inability to expand its manufacturing facilities successfully to meet customer
demand, uncertainties in competition and customer demand for the company's
products, 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 for the
year ended December 31, 1999, and the quarterly report on Form 10-Q for the
quarter ended March 31, 2000.
SOURCE SDL, Inc.
 back to top
Related links:
http://www.sdli.com
CONTACT:
Chairman and CEO, Donald R. Scifres, or VP
Finance and CFO, Michael L. Foster, 408-943-9411, both of SDL,
Inc.; General Information, Lisa Chainey or Marcia Nakamura,
Investors, Susan Katz, or Media, Chris Wood, 415-986-1591, all of
The Financial Relations Board
|
