Oslo, February 7, 2010: Ignis ASA’s wholly owned subsidiary Syntune AB has been awarded USD 1.5 million order for delivery of tunable lasers from one of its main existing customers. This adds to a USD 2.5 million contract announced in January. Both orders will be delivered in 2011.
- The new orders of a total USD 4 million from this customer will contribute strongly to the growth of the tunable lasers business this year. We are currently working hard to ramp-up our manufacturing capacity to accommodate the larger volume demand, says Patrik Evaldsson, CEO in Ignis Syntune.
Tunable lasers are critical components to ensure flexibility and cost efficiency in high-speed broadband communications networks, where traffic growth currently is being driven by a wave of new content-rich data applications.
For further information, please contact:
Thomas Ramm, Chief Executive Officer, Ignis ASA,
Tel: +47 913 70 795
Mail: thomas.ramm (at) ignis.com
Patrik Evaldsson, Chief Executive Officer, Ignis Syntune,
Tel: +46 8 588 86503
Mail: patrik.evaldsson (at) syntune.com
Charlotte Løvstad, Investor Relations
Tel: +47 92 60 94 84
Mail: charlotte.lovstad (at) ignis.com
Ignis ASA is an innovative provider of optical components and network solutions for fiber-optic communications. The company operates globally through four subsidiaries; Fi-ra Photonics in Korea (71.8% owned) and the wholly-owned companies Syntune in Sweden, Ignis Photonyx in Denmark, and SmartOptics in Norway. The product and services portfolio comprises passive optical components like optical chips, splitters and multiplexers, active optical components such as tunable lasers and modulators, and WDM-based solutions enabling the building of simple and cost effective high-capacity optical networks. Headquartered in Oslo, Norway, Ignis ASA is listed on the Oslo Stock Exchange under the OSE ticker IGNIS. www.ignis.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)