Ignis awarded another splitter agreement in Asia
(Thomson Reuters ONE) - Oslo, 19 January 2010. Ignis ASA, an international provider of opticalcomponents, announced today that they have entered into another supply agreementfor delivery of splitter chips to a leading Asian manufacturer of opticalsplitter modules. The agreement is signed for a period of 3 years and isestimated to have a minimum value the first year of USD 1.5 million.Ignis is experiencing substantial growth of business demand in all productsegments. Over the last year, Ignis has gained a particularly strong marketposition in Asia with a large portfolio of blue chip customers.- This is another proof of our competitive strength in the splitter chipsegment. Together with our Asian customer we have formed a strategic partnershipfor increasing distribution of optical splitter modules in the fast growingChinese market for broadband access, says Matt Lee, COO in Ignis ASA.China is showing impressing growth in online and broadband usage with more than300 million Internet users where 90% have broadband access. China's broadbandservice providers, such as China Telecom, China Netcom and China Mobile, havedeployed up to 15 million FTTx (Fiber-To-The-x) lines in 2009 and FTTxsubscribers in China are expected to top 50 million in 2012.Ignis keeps investing significant time and efforts in the Asian broadband marketto further improve its market position and win new blue chip customers in allparts of the region.About IgnisIgnis ASA is comprised of three subsidiaries including 69.3% ownership in IgnisFira in Korea, the wholly owned Ignis Photonyx in Denmark and Ignis Syntune inSweden. Ignis is a leading international provider of optical splitters,multiplexers, and state-of-the-art widely tunable lasers for applicationsranging from fiber-optic communications to sensor systems. Headquartered inOslo Norway, Ignis ASA is listed on the Oslo Stock Exchange (OSE: IGNIS).For further information, please contact:Thomas Ramm, Chief Executive Officer, Ignis ASATel: +47 913 70 795Mail: thomas.ramm(at)ignis.comWalker Kinman, Chief Financial Officer, Ignis ASATel: +46 70 722 6513Mail: walker.kinman(at)ignis.comThis information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1374635]
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Datum: 19.01.2010 - 02:38 Uhr
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