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Updated: July 8th, 2008 05:26 PM CDT

Olympus and Movaz Networks Launch Joint Venture Company

Business Wire
via NewsEdge Corporation

TOKYO & SAN JOSE, Calif. & ATLANTA--(BUSINESS WIRE)--April 12, 2006--Olympus Corporation and Movaz Networks, Inc. today announced the creation of a joint venture company, named Olympus Microsystems America, Inc., which will provide cutting edge Micro Electro-Mechanical Systems (MEMS) based technologies and products for optical equipment suppliers worldwide.

The joint venture was entered into by Mr. Tsuyoshi Kikukawa, president of Olympus Corporation, Tokyo, Japan, and Mr. Bijan Khosravi, chairman and CEO, Movaz Networks, Inc., Atlanta, Ga. Combining Movaz IP and engineering resources with Olympus' established MEMS foundry services and optical technology will result in a new company with the capability to develop, manufacture and market new products with anticipated gross sales of 6 billion Japanese yen (approximately 60 million USD) within 5 years.

Olympus Microsystems America, Inc. will be based in San Jose, Calif., with Olympus Partnership Development Group (Olympus-PDG) Vice President Lawrence Wang serving as the president of the new company. The Advanced Optical Technology team of Movaz's R&D engineers will work with the staff of the Olympus Partnership Development Group in conjunction with the technical and production resources of Olympus Corporation in Tokyo, Japan, to further expand the portfolio of products using MEMS and free space optical technologies.

The first jointly developed product, a MEMS-based Wavelength Selective Switch (WSS) for Reconfigurable Optical Add Drop Modules (ROADM), has been deployed since last August in Movaz's Multi-Degree RAY ROADM(TM) network to provide extended reach to key government and university sites including the NASA Goddard Space Flight Center, the Mid-Atlantic Crossroads (MAX), and the National Lambda Rail. Olympus Microsystems America, Inc. will also develop business for new products, technology, and markets with a focus on MEMS-based activities including ROADM products, variable optical attenuators (VOA), small switches, optical cross connects (OXC), aspheric lenses, and tunable filters.

"Olympus established the Partnership Development Group in October 2001 with the mission to create strategic alliances that transcend the standard OEM customer-supplier relationship," stated Lawrence Wang, President of Olympus Microsystems America, Inc. "We recognized that by leveraging Olympus' world-class manufacturing facilities and global sales, marketing, and customer support resources, we could bring to market revolutionary new MEMS products. This Joint Venture is a milestone for Olympus and demonstrates the power of our partnership model."

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