Avanex Signs Supply Agreement Extension With Alcatel-Lucent.Pirelli Signs Agreements With Alcatel-Lucent to Become Avanex Shareholder FREMONT, Calif. -- Avanex Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AVNX), a pioneer of intelligent photonic Dealing with light (photons). See photon and photonics. solutions that enable next-generation optical networks, today announced that Alcatel-Lucent has extended its supply agreement for an additional three years and that the Pirelli Group has purchased the 12.4 percent stake in Avanex previously held by Alcatel-Lucent. Pirelli's investment is evidence of Avanex' unparalleled industry strength to commercialize next generation photonics photonics, the science and technology based on and concerned with the controlled flow of photons, or light particles. It is the optical equivalent of electronics, and the two technologies coexist in such innovations as optoelectronic integrated circuits. . Within the framework of this transaction, Pirelli also signed a supply agreement with Alcatel-Lucent for related components. "We are pleased to have Pirelli enter the share capital of our company," said Jo Major, chairman, president and chief executive officer of Avanex. "Pirelli has a demonstrated history of advanced technology development, with many capabilities that are complementary to Avanex, and we look forward to future collaborations with both Pirelli and Alcatel-Lucent for innovative photonic solutions that deliver value to telecommunication networks." "The investment in Avanex and the Pirelli supply agreement with Alcatel-Lucent," stated Claudio De Conto, General Manager, Operations, of Pirelli, "strengthen the Group's presence in the core business of second generation photonics after the start-up, in 2001, of the Pirelli Labs advanced research center and the incorporation in early 2005 of Pirelli Broadband Solutions, built on a long history of experience in the field." "Furthermore, we are pleased to announce our renewed supply agreement with Alcatel-Lucent," asserted Major. "We view the long-standing partnership with Alcatel-Lucent as both a testament to our past efforts to support them and our team's demonstrated ability to bring new technologies and products to market." "We are glad to continue our relationship with Avanex and Pirelli," stated Romano Valussi, President of Alcatel-Lucent's Optics optics, scientific study of light. Physical optics is concerned with the genesis, nature, and properties of light; physiological optics with the part light plays in vision; and geometrical optics with the reflection and refraction of light as encountered in the study activities. "We continue to make strategic moves that enable our customers to successfully address new opportunities." About Avanex Avanex Corporation is a leading global provider of Intelligent Photonic Solutions(TM) to meet the needs of fiber optic communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. for greater capacity, longer distance transmissions, improved connectivity, higher speeds and lower costs. These solutions enable or enhance optical wavelength multiplexing multiplexing, in communication, technique whereby two or more independent messages, or information-bearing signals, are carried by a single common medium, or channel. , dispersion dispersion, in chemistry dispersion, in chemistry, mixture in which fine particles of one substance are scattered throughout another substance. A dispersion is classed as a suspension, colloid, or solution. compensation, switching and routing, transmission, amplification amplification /am·pli·fi·ca·tion/ (33000) (am?pli-fi-ka´shun) the process of making larger, such as the increase of an auditory stimulus, as a means of improving its perception. , and include network-managed subsystems. Avanex Corporation was incorporated in 1997 and is headquartered in Fremont, Calif. Avanex Corporation also maintains facilities in Horseheads, N.Y.; Melbourne, Fla.; Shanghai; Villebon Sur Yvette, France; San Donato, Italy; and Bangkok Bangkok (băng`kŏk'), Thai Krung Thep, city (1990 pop. 8,538,610), capital of Thailand and of Bangkok prov., SW Thailand, on the east bank of the Chao Phraya River, near the Gulf of Thailand. . To learn more about Avanex Corporation, visit our web site at: www.avanex.com. |
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