Solectron Completes Acquisition of Iphotonics

		SOLECTRON LOGO Solectron (www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warrantyand end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. (PRNewsFoto)[AG JL] MILPITAS, CA USA

Acquisition Strengthens Solectron's Optical Design, Prototyping, Full-Scale Manufacturing and Testing Capabilities MILPITAS, Calif., Oct. 16 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain management services, said today that it has completed its acquisition of Iphotonics, Inc., a leading provider of core optical manufacturing services. The acquisition significantly increases Solectron's optical services capabilities, and enhances its total systems-solutions offering. Financial terms were not disclosed. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) As a result of the transaction, Solectron gained all of Iphotonics' advanced optical subsystem manufacturing, fiber handling, splicing, packaging, termination and connectorization services, as well as significant optical engineering and design expertise. The company also assumed Iphotonics' proprietary test and measurement systems designed for high volume optical module and subsystem manufacturing. In addition, Solectron acquired Iphotonics' design, prototyping and manufacturing facility in Glen Burnie, Md., and an engineering and development center in Fremont, Calif. Solectron will integrate Iphotonics into its existing optical technology unit. Susan Trumbule, chief executive officer of Iphotonics, joins Solectron as the vice president and general manager of Solectron's optical technology unit. Iphotonics' management team, with more than 60 years of combined optical experience, also joins Solectron. Solectron's current optical technology services span the entire product life cycle, including: design, test development and execution, new product introduction, component engineering, module manufacturing and installation, splicing and fiber management, board-level assembly, systems integration, field installation, and end-of-life warranty and repair work. Solectron has more than 15 years of experience in optical technology and continues to build capabilities through its eight optical centers worldwide. About Solectron Solectron (http://www.solectron.com) provides a full range of global manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. Solectron, the first two-time winner of the Malcolm Baldrige National Quality Award, has a full range of industry-leading capabilities on five continents. Its headquarters are in Milpitas, Calif. CONTACT: analysts, Thomas Alsborg, +1-408-956-6614 (U.S.), or thomasalsborg@ca.slr.com, or media, Kimi Nishita, +1-408-956-6213, or kiminishita@ca.slr.com, both of Solectron Corporation.