NeoPhotonics Announces Definitive Agreement to Sell Low Speed Transceiver Business to APAT Optoelectronics
NeoPhotonics Corporation (NPTN)
Last neophotonics corporation earnings: 4/30 04:05 pm
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Source: Business Wire
Increases Focus on Photonic Integration Solutions for High Speed 100G and Beyond Networks Company Updates Business Outlook for Fourth Quarter of 2016 SAN JOSE, Calif.--(BUSINESS WIRE)-- NeoPhotonics (NYSE: NPTN) (“NEOPHOTONICS” or the “Company”), a leading designer and manufacturer of advanced hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced that it executed a definitive agreement, to sell its Access and Low Speed transceiver product lines (the “Low Speed Business”) to APAT Optoelectronics Components Co., Ltd. (“APAT OE”) of Shenzhen, China, a designer and manufacturer of optical sub-assemblies for telecom and datacom markets. The assets to be sold include the intellectual property, inventory and fixed assets for NeoPhotonics’ PON products including GPON and GEPON tra
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