AOI Announces New Debt Facility.Business Editors/High-Tech Writers SUGAR LAND, Texas--(BUSINESS WIRE)--June 15, 2004 Applied Optoelectronics Inc. (AOI AOI Area Of Interest AOI Automated Optical Inspection AOI Art of Illusion (3D modeling software) AOI Associated Oregon Industries AOI Angle Of Incidence AOI Age of Innocence (David Hamilton book, also a band) ), a leading manufacturer of laser diodes, photodetectors and optical modules for fiber optic communications systems, has received debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay of $14.5 million. With this new financing facility, AOI is able to consolidate all prior debt and provide for additional capital needs as the company continues to expand. AOI's semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facilities near Houston engage in the production of a variety of optical communications products, including the lasers and photodetectors which act as the transmitting and receiving devices, respectively, in optical fiber communications networks. With special emphasis on the unique needs of the cable television and wireless industries, the company manufactures advanced analog transmitter lasers and other fiber optic components and subsystems. In addition to its core analog products, it is a leader in the emerging fiber-to-the-home (FTTH (Fiber To The Home) See FTTP. ) component market. "AOI has been aggressively gaining market share in the laser diode global market," commented Thompson Lin, Ph.D., founder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Applied Optoelectronics Inc. He also added, "Since AOI will continue to rapidly expand its market share and product offerings, a financial partner that can provide tailor-made banking solutions to meet our capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. is essential. This credit facility from United Commercial Bank will provide us financing to support our company's growth initiatives in the future. We are pleased that United Commercial Bank has demonstrated such strong confidence in our business strategy and growth opportunities." Additional information is also available at www.ao-inc.com. |
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