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:
ots Originaltext: Highwave Optical Technologies
Im Internet recherchierbar: http://www.presseportal.ch
Sylvain Boj, COO, Highwave Optical Technologies, +33-2-96-04-20-00