CyOptics Announces Changes in Management Team.Business Editors WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 5, 2001 Leading Developer of 10Gbps and 40Gbps Active Optical Components Names Raja Parvez as Chief Manufacturing Officer and Announces Resignation of Eran Yarkoni as President/COO CyOptics Inc. (www.cyoptics.com), a leading developer of 10Gbps and 40Gbps active optical components, today announced it has made several important changes in its top management team. Raja M. Parvez recently joined the company as Chief Manufacturing and Quality Officer, responsible for all worldwide order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment activities including chip manufacturing and device packaging. From July 2000 to July 2001, Parvez was President and VP of Manufacturing at Optigain, Inc. a subsidiary of FiTel Technologies. From 1984 to 2000, he was at Lucent Technologies where he achieved the distinction of Consulting Member of the Technical Staff. His focus was on manufacturing effectiveness and yield improvements for Lucent-Optoeletronics products including Indium Phosphide phosphide Any of a class of chemical compounds in which phosphorous is combined with a metal. Phosphides exhibit a wide variety of chemical and physical properties. Phosphides that are rich in metal have high melting points and are hard, brittle, and chemically inert; these and Lithium Niobate Lithium niobate (LiNbO3) is a compound of niobium, lithium, and oxygen. It is a colorless solid that is insoluble in water. Its melting point is 1257 °C and its density is 4.65 g/cm³. Its CAS number is []. components. His work in product robustness methodology has been widely recognized in various engineering publications and in the prestigious Handbook of Industrial Engineering. Parvez holds a BS degree in Mechanical Engineering from the University of Peshawar The University of Peshawar (UOP) was established in October 1950 by the first Prime Minister of Pakistan. The University of Peshawar is a unique institution where educational facilities exist from nursery to Ph.D. . He also holds an MS degree in Industrial Engineering, as well as an MS degree in Management Science, both from the Polytechnic University
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Additionally, Ilan Rabinovich was named Vice President of Product Realization. In this role Mr. Rabinovich will be responsible for all product design and development activity for the company. He joined the company in 2000, and previously held the title of Vice President of Engineering. The company also reported the resignation of Eran Yarkoni, President and COO, to pursue other opportunities. John Pilitsis, 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. , will assume the title of President. Commenting on the changes, Pilitsis stated, "On behalf of the board of directors, shareholders, and employees of CyOptics, I want to thank Mr. Yarkoni for his tremendous accomplishments during his two years with the company. The growth and success of the company during that critical and formative period cannot be underestimated. We all wish him well in his new ventures. Regarding the other management changes, we are extremely pleased with Raja Parvez' decision to join our team. His accomplishments in bringing world class and cost effective processes to optical device manufacturing are well known in the industry, and he will be a key factor in our success as we move from a development stage enterprise to a preferred supplier of components serving an array of demanding global telecommunications customers. At the same time, the broadening of responsibilities of Mr. Rabinovich reflects his superior performance as a manager of technical activities during his tenure with CyOptics. Together these changes give us a more highly focused management team, with deep experience in our field, and one prepared to meet the challenges of the current business environment." About CyOptics CyOptics was founded in early 1999, and is headed by veterans of Lucent, Intel, and Lasertron. It has a superlative technical team, including leaders in the field of Indium Phosphide optical component development and manufacturing, and optoelectronic device packaging. The company is headquartered in Waltham, Mass., with offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and research, development, and production facilities in Israel. CyOptics has full optoelectronic component manufacturing capability, including Indium Phosphide wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. , regrowth Re`growth´ n. 1. The act of regrowing; a second or new growth. The regrowth of limbs which had been cut off. - A. B. Buckley. , and characterization, as well as microelectronic packaging, test & qualification facilities. Visit the Web site at www.cyoptics.com |
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