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Highwave Optical Technologies Announces the Approval of the Acquisition of Northlight Optronics AB During Today's Extraordinary General Meeting
Lannion, France (ots/PRNewswire) - Highwave Optical Technologies (Nouveau Marché: HGWO), a leading European technology supplier of active fibre based components and subsystems for the telecommunication, industrial and defence markets announced today the approval of the acquisition of Northlight optronics AB during the Extraordinary General Meeting.
The Company organised a second EGM today at its headquarters in Lannion. The extraordinary resolutions submitted during this meeting were similar to those submitted during the previous EGM called on March 21 during which the necessary quorum has not been reached.
The participation rate during the EGM of April 15, 2005 was 30,9% to be compared with a necessary quorum of 25%. As a consequence, the EGM has been normally held.
The present shareholders approved the acquisition of 100% of Northlight Optronics AB as well as the issuance of new shares to remunerate this acquisition.
"Following this acquisition, Highwave reinforces its competencies and its cash position. Our goal, today, is to propose an strong European alternative in the optoelectronics components and sub-systems sector. Once more, I want to give my warm thanks to our shareholders who have strongly supported our propositions and vision for the company. Now more aggressive and stronger than ever, Highwave will continue to develop tomorrow's technologies." Sylvain Boj said.
About Highwave Optical Technologies
Founded in 1998, Highwave Optical Technologies is the European leader in the development, production and marketing of optical components and DWDM (Dense Wavelength Division Multiplexing) subsystems for the telecommunications industry. (DWDM is an advanced technology that increases the capacity of telecom networks). The company is based in Lannion, France. Following an initial public offering in June 2000, shares in Highwave Optical Technologies are traded on Paris Euronext (HGWO). More information is available at: http://www.Highwave-tech.com.
ots Originaltext: Highwave Optical Technologies
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Sylvain Boj, COO, Highwave Optical Technologies, +33-2-96-04-20-00