This milestone was achieved through a steady growth in the monthly production of FBG's and represents an increase of 116% compared to 5,100 units shipped during the same month last year.
An FBG is a fiber based mirror, used for wavelength selection or stabilization and is a key component in telecom and fiber laser systems. The growing demand can be attributed to growth in both the telecom diode and optical sensor markets.
Hassan Kassi, general manager of Avensys Technologies stated, "We are very
pleased with our efforts to build a high volume FBG production line that can
serve the growing needs of the Telecom market both in
About Avensys Corporation
Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary. Avensys Inc., through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys Technologies is also a pioneer in the development of packaged fiber-based sensors and possesses leading edge intellectual property. Avensys Environmental Solutions, also a division of Avensys Inc., is an industry leader in providing environmental monitoring solutions for air, water and soil in the Canadian marketplace. To find out more about Avensys Technologies, please visit our website at www.avensystech.com. For Avensys Corporation company news and updates you can also visit www.avensyscorporation.com
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE Avensys Corporation