NeoPhotonics Opens Sales and R&D Office in Moscow
Expansion Targets High-Speed "Core" Network Applications Across Russia and Eastern Europe
MOSCOW--(BUSINESS WIRE)-- NeoPhotonics Corporation (NYS: NPTN) , a leading designer and manufacturer of photonic integrated circuit, or PIC, based optoelectronic modules and subsystems for bandwidth-intensive, high speed communications networks, today announced the opening of a Sales and R&D office in Moscow and servicing the Russian Federation and the broader eastern European market.
"We are pleased to make this commitment to our customers and technology partners in the region, and to build on the growing demand in the region for advanced telecommunications and enterprise data solutions," said Tim Jenks, Chairman and CEO of NeoPhotonics. "Together with our expanded sales force serving the region, this is the next step in our local business development activities including a greater research presence and the potential for production of advanced PIC-based solutions."
As noted in last year's announcement, NeoPhotonics completed a private placement investment with the Russian sovereign fund investor RUSNANO.
NeoPhotonics is a leading designer and manufacturer of photonic integrated circuit, or PIC, based optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. The company's products enable cost-effective, high-speed data transmission and efficient allocation of bandwidth over communications networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan and China. For additional information, visit www.neophotonics.com.
© 2013 NeoPhotonics Corporation. All rights reserved. NeoPhotonics and the red dot logo are trademarks of NeoPhotonics Corporation. All other marks are the property of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations. The company's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks, uncertainties and assumptions. The risks and uncertainties that could cause the company's results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to: the timing of or costs related to the development, general availability and performance and production of the products produced in Russia may not be as the company expects; the demand for the company's products in Russia and in the surrounding region may be volatile or lower than the company expects; demand for the company's products in Russia and in the surrounding region could decrease from the company's expectations due to general conditions in the telecommunications equipment industry, changes in network architectures, local economies, or the world economy generally, and other risks and uncertainties described more fully in the company's documents filed with or furnished to the Securities and Exchange Commission.
LouVan Communications Inc.
Michael Newsom, +1 508-530-3121 (Office)
Mobile: +1 617-803-5385
KEYWORDS: United States Europe North America California Russia
The article NeoPhotonics Opens Sales and R&D Office in Moscow originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.