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HighWave Optical Technologies Announces Annual Revenues of Fiscal Year 2005
Lannion, France (ots/PRNewswire) - Highwave Optical Technologies (Eurolist, Compartiment C, HGWO), a leading technology supplier of active fibre based components and subsystems for the telecom Dense Wavelength Division Multiplexing (DWDM) systems, fiber laser industry, fiber optic sensors and Defense markets, announced today its revenue for fiscal year 2004/2005, period ended March 31, 2005.
Revenue for FY05
The group consolidated revenues are 3.76 MEUR. Revenue for fiscal year 2004/2005, was EUR 3.52 million for Highwave Optical Technologies, a 6% annual increase and 240 kEUR for the last Quarter of its subsidiary DA-Lightcom(1).
@@start.t1@@ Consolidated Revenues by Product for FY05 (as a % of total revenue)
Optical Amplifiers 77%
Special optical fibers 8%
Other RF components 6%
Fiber lasers 1%
Services and merchandise 3%
Consolidated Revenues by Region for FY05 (as a % of total revenue)
North America 4%
"We observed a slow down during last quarter due mainly to all the efforts the company and its employees did to obtain the final shareholder's approval to our acquisition strategy. Furthermore, the dollar weakness had an influence on our global revenues decrease for an amount of 7%. The main part of our sales are done in dollar. Nevertheless, these acquisitions done, at the end, allow us to expect the realization of all commercial synergies. Still efforts have to be done in this way but our employees and shareholders have already shown their ability to go forward." commented Sylvain Boj, Chief Executive Officer.
"Our goal is to introduce our company as an European Alternative as an optoelectronic components manufacturer. We are going to continue our acquisition strategy allowing both an increase in our product portfolio and our cash position." commented Eric Delevaque, Chairman of the Board.
This press release may contain forward looking information based on estimates and assumptions by management as well as information available to management. These estimates and assumptions are subject to risks and uncertainties capable of making the actual results of the company differ substantially from the results presented explicitly or implicitly in these forward looking statements. The current release should not be viewed as offering any degree of certainty to such forward looking statements.
About HighWave Optical Technologies
Highwave Optical Technologies is one of the leading suppliers of active fibers and subsystems for Dense Wavelength Division Multiplexing (DWDM) telecom systems, the optical laser fiber industry, fiber optic sensors and defense markets. Since its creation in 1998, the company has appeared in the telecommunications market as one of the leading suppliers of optical amplifiers and components for the largest manufacturers. The company is based in Lannion, France. Since its listing on the market in June 2000, shares of Highwave Optical Technologies have been traded on the Euronext Paris market (HGWO). For more detailed information, please consult our Internet site: www.highwave-tech.com
(1) It is reminded that DA-Lightcom acquisition has been approved by the
shareholder meeting on february 17th 2005@@end@@
ots Originaltext: Highwave Optical Technologies
Im Internet recherchierbar: http://www.presseportal.ch
Sylvain Boj, Chief Operating Officer, Highwave Optical Technologies,