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Highwave Optical Technologies

Highwave Optical Technologies Announces the Approval of the Acquisition of DA-LightCom During Today's Extraordinary General Meeting

Lannion, France (ots/PRNewswire)

Highwave Optical Technologies
(Nouveau Marché, HGWO), a leading European technology supplier of
active fiber based components and subsystems for the
telecommunication, industrial and defence markets announced today the
approval of the acquisition of DA-LightCom during the Extraordinary
General Meeting.
The Company organized a third EGM today at its headquarters in
Lannion. The extraordinary resolutions submitted during this meeting
were similar to those submitted on the previous EGM called on January
10 and January 20 during which the necessary quorum has not been
reached.
The participation rate during the EGM of February 17, 2005 was
30,6% to be compared with a necessary quorum of 25%. The EGM, then,
could be normally held.
The present shareholders approved the acquisition of 100% of
DA-LightCom as well as the issuance of new shares to remunerate this
acquisition.
<< We are very satisfied of the positive conclusion of several
months of efforts for the acquisition of DA-LightCom. Our shareholder
supported our growth strategy and allowed us to achieve this
transaction which is essential to the creation of a European leader
in the optoelectronics component sector. As this major milestone has
been reached, we will now work towards achieving the acquisition of
Northlight Optronics, the former optoelectronics division of Ericsson
and for which an Extraordinary General Meeting will be soon called"
François Leraillez said.
<< I want to give my warm thanks to both our shareholders and
staff. I want to thank our shareholders for their support and their
significant interest in our company, as well as our staff for their
dedication to share their ambition for Highwave with the
shareholders. After these three weeks of intense communication, our
efforts paid off, not only in terms of successful outcome of the EGM,
but also in terms of a better external perception of the company."
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.

Contact:

Sylvain Boj, COO, Highwave Optical Technologies, +33-(0)2-96-04-20-00

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