Alliance Fiber Optic Products, Inc. (AFOP) Announces Preliminary Second Quarter Net Sales; Q2 2006 Results to Exceed Revenue Guidance.SUNNYVALE, Calif. -- Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP AFOP Alliance Fiber Optic Products, Inc. AFOP Association of Farmworker Opportunity Programs AFOP Association Française des industries de l'Optique et de la Photonique AFOP and for other purposes AFOP acute fibrinous and organizing pneumonia ), an innovative supplier of fiber optic components, subsystems, and integrated modules for the optical network equipment market, today announced its preliminary net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the quarter ended June 30, 2006. These results are subject to change as a result of final management review and closing adjustments for the quarter and fiscal year end. For the 2nd quarter of 2006, the Company expects to report net sales of above $6 million, exceeding previously stated revenue guidance in the first quarter conference call. The Company's higher than anticipated net sales in the second quarter of 2006 primarily reflected stronger than expected bookings and continuous business progress achieved in the quarter. A more detailed review of second quarter results, as well as the outlook for the third quarter of 2006 will be provided, when complete second quarter results are announced on a conference call at 1:30 p.m. (Pacific) on July 25, 2006. To participate in AFOP's conference call, please call 877-407-9210 (US/Canada) or 201-689-8049 (Int'l), and the confirmation number is 207081. A listen-only broadcast of the conference call can be accessed on the Company's website at http://www.afop.com. The conference call will also be available via instant replay and on the Company website following the call. In a separate announcement, AFOP has achieved full compliance with the European Parliament's Restriction of the use of Hazardous Substances (RoHS) Directive. The RoHS directive bans the use of certain hazardous substances, including lead, mercury, cadmium, hexavalent chromium Hexavalent chromium or Cr(VI) compounds are those which contain the element chromium in the +6 oxidation state. Chromates are often used as pigments for photography, and in pyrotechnics, dyes, paints, inks, and plastics. , polybrominated biphenyls polybrominated biphenyls see biphenyl. (PBB PBB: see polybrominated biphenyl. ), and polybrominated diphenyl ethers Polybrominated diphenyl ethers or PBDE, are a flame retardant sub-family of the brominated flame retardant group. They have been used in a wide array of household products, including fabrics, furniture, and electronics. (PBDE PBDE Polybrominated Diphenyl Ether PBDE Pentabromodiphenyl Ether (flame retardant additive in plastics) PBDE Parallel Block-Decodable Encoder ) in electrical and electronic equipment sold into Europe. AFOP has maintained an initiative to remove these substances from its products for over a year and has been shipping RoHS compliant products to customers since the first quarter of this year. About AFOP Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and markets a broad range of high performance fiber optic components and integrated modules. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking systems to the long-haul, enterprise, metropolitan and last mile access segments of the communications network. AFOP offers a broad product line of passive optical components including interconnect systems, couplers and splitters, thin film CWDM (Course WDM) An optical transmission method that is used for shorter distances than dense WDM (DWDM). Also known as "wide WDM," CWDM transmits fewer channels and uses wider spacing between the channels for distances up to 60 km. Wider spacing up to 25 nm, compared to 1. and DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing components and modules, fixed and variable optical attenuators, and isolators and circulators. AFOP is headquartered in Sunnyvale, California, with manufacturing and product development capabilities in the United States, Taiwan and China. AFOP's website is located at http://www.afop.com. This press release contains forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities Exchange Act of 1934, including statements related to our expected net sales for the second quarter of 2006. Actual results are subject to risks and uncertainties and could differ materially from those projected. These risks and uncertainties include final determination of net sales and adjustments that may be made in connection with management review of the financial results for the second quarter does not undertake to update any forward-looking statements. |
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