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Sale of Avanex France Completed, Company Renamed 3S Photonics

Photonics.com
Apr 2007
Avanex Corp. of Freemont, Calif., a provider of photonic solutions for fiber-optic communications, announced yesterday that it has completed the sale of its French subsidiary, Avanex France SA (formerly Alcatel Optronics), to its director, Didier Sauvage, and Global Research Co., owned by Alexandre Krivine. (See Avanex Divests Opto Fabs ) Avanex Corp. paid the buyers $17.3 million in anticipated operating capital, including liabilities for previous restructuring activities, and keeps a 10 percent interest in Avanex France SA, including its optoelectronic chip production plant in Nozay, which makes both indium phosphide (InP) and gallium arsenide (GaAs) semiconductor wafers. Based in Marcoussis, Avanex France makes optical modules and components for telecommunications networks and has more than 100 employees. At the closing, the company's name was changed to 3S Photonics, Sauvage was appointed chief operating officer and Krivine, the company's main shareholder, was named president and CEO. Other new officers named were Yannick Bailly as vice president of marketing, Michel Privat as vice president of sales and Etienne Barbry as vice president of finance. The company is forecasting 2007 sales of $36 million.



GLOSSARY
chip
1. A localized fracture at the end of a cleaved optical fiber or on a glass surface. 2. An integrated circuit.
optical
Pertaining to optics and the phenomena of light.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
wafer
A cross-sectional slice cut from an ingot of either single-crystal, fused, polycrystalline or amorphous material that has refined surfaces either lapped or polished. Wafers are used either as substrates for electronic device manufacturing or as optics. Typically, they are made of silicon, quartz, gallium arsenide or indium phosphide.
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