SAN
JOSE, Calif., Oct. 10,
2022 /PRNewswire/ – Lumentum Holdings Inc. (NASDAQ:
LITE) ("Lumentum"), a market-leading designer and manufacturer of
innovative optical and photonic products, today announced that it
has expanded its manufacturing operations and advanced R&D in
Škoflijica, Slovenia for specialty
optical fibers that are essential components of many Lumentum
products. This expansion more than doubles Lumentum's manufacturing
and R&D footprint in Slovenia.
"I am very excited about the manufacturing and advanced R&D
expansion in Slovenia," said Alex
Schoenfelder, senior vice president and general manager of
commercial lasers. "Specialty optical fibers are a key enabling
component for industrial fiber lasers and increasingly for other
new applications in the industrial, life sciences, and
communications markets. Our team in Slovenia has given us unique fibers that
enable differentiated performance and cost."
The state-of-the-art facility includes a Center of Excellence
for advanced R&D to develop fundamental laser component
technology in addition to products. The site includes a 137,000
square foot plot with plans for further future expansion to align
capacity with the growing demand for specialty fibers in
industrial, communications, and other growing new applications.
"The Lumentum Slovenia site is a shining example of successful
deployment of Lumentum's Production System in a greenfield
operation, and a resounding affirmation of our zero-defect quality
and continuous improvement journey," said Misha
Rozenberg, senior vice president, global operations, and chief
quality officer. "The site has achieved the Leadership in Energy
and Environmental Design (LEED) certification, underscoring
Lumentum's commitment to become a more sustainable company."
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation 3D sensing capabilities. Lumentum is
headquartered in San Jose,
California with R&D, manufacturing, and sales offices
worldwide. For more information, visit www.lumentum.com and follow
Lumentum on LinkedIn, Twitter, Facebook, Instagram, and
YouTube.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events, including impact of the transaction and potential market
opportunities. In some cases, you can identify forward-looking
statements because they contain words such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"target," "projects," "contemplates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of these
words or other similar terms or expressions that concern the
proposed transaction and our expectations, strategy, plans or
intentions regarding it. The forward-looking statements contained
in this communication are also subject to other risks and
uncertainties, including those more fully described in filings with
the Securities and Exchange Commission, including reports filed on
Form 10-K, 10-Q and 8-K and in other filings made by Lumentum with
the SEC from time to time and available at www.sec.gov. These
forward-looking statements are based on current expectations, all
of which are subject to change. Lumentum undertakes no obligation
to update the information contained in this communication or any
other forward-looking statement.
Category: Financial
Contact Information:
Investors: Kathy Ta, (408)
750-3853; investor.relations@lumentum.com
Media: Sean Ogarrio, (408)
546-5405; media@lumentum.com
View original
content:https://www.prnewswire.com/news-releases/lumentum-expands-manufacturing-operations-and-advanced-rd-in-slovenia-301644175.html
SOURCE Lumentum