Expands footprint in high-growth 400G/800G lab and
manufacturing test markets
QUEBEC CITY, Dec. 31, 2020 /CNW Telbec/ - EXFO Inc.
(NASDAQ: EXFO) (TSX: EXF) announced today the closing of the
acquisition of InOpticals Inc., a technology leader offering
ultra-high-speed test instruments for the laboratory and
manufacturing markets.
InOpticals, based in Taiwan, supplies sampling
oscilloscopes, bit-error rate testers (BERTs) and other critical
test instruments to optical component and network equipment
manufacturers. Its product portfolio addresses the high-growth 400G
and 800G sectors like silicon photonics-based transceivers, active
and passive components, as well as integrated test systems for
R&D and manufacturing use cases.
InOpticals' solutions will be integrated into EXFO's
industry-leading test and measurement (T&M) product family. The
amount of the transaction was not disclosed.
"EXFO has made strategic investments in recent years, both
internally and through acquisitions, to increase its footprint in
the rapidly growing lab and manufacturing test segments," said
Germain Lamonde, EXFO's founder and
Executive Chairman. "This latest acquisition of InOpticals raises
our T&M addressable market to more than $1 billion by expanding our high-end portfolio
related to 400G and 800G technologies. Ultimately, it will allow
EXFO to strengthen its leadership position in the global
fiber-optic test equipment market."
About EXFO
EXFO (NASDAQ: EXFO) (TSX: EXF) develops
smarter test, monitoring and analytics solutions for fixed and
mobile network operators, webscale companies and equipment
manufacturers in the global communications industry. Our customers
count on us to deliver superior network performance, service
reliability and subscriber insights. They count on our unique blend
of equipment, software and services to accelerate digital
transformations related to fiber, 4G/LTE and 5G deployments. They
count on our expertise with automation, real-time troubleshooting
and big data analytics, which are critical to their business
performance. We've spent over 30 years earning this trust, and EXFO
employees in over 25 countries work side by side with our customers
in the lab, field, data center and beyond.
About InOpticals
InOpticals Inc. is a Taiwan-based company founded in 2017 to
develop and market high-speed test and measurement instruments.
Forward-Looking Statements
This news release contains
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995, and we intend that such
forward-looking statements be subject to the safe harbors created
thereby. Forward-looking statements are statements other than
historical information or statements of current condition. Words
such as may, expect, believe, plan, anticipate, intend, could,
estimate, continue, or similar expressions or the negative of such
expressions are intended to identify forward-looking statements. In
addition, any statements that refer to expectations, projections or
other characterizations of future events and circumstances are
considered forward-looking statements. They are not guarantees of
future performance and involve risks and uncertainties. Actual
results may differ materially from those in forward-looking
statements due to various factors including, but not limited to,
macroeconomic uncertainty, including trade wars and recessions; our
ability to successfully integrate businesses that we acquire;
capital spending and network deployment levels in the
communications industry (including our ability to quickly adapt
cost structures to anticipated levels of business and our ability
to manage inventory levels with market demand); future economic,
competitive, financial and market conditions; consolidation in the
global communications test, monitoring and analytics solutions
markets and increased competition among vendors; capacity to adapt
our future product offering to future technological changes;
limited visibility with regard to the timing and nature of customer
orders; delay in revenue recognition due to longer sales cycles for
complex systems involving customers' acceptance; fluctuating
exchange rates; concentration of sales; timely release and market
acceptance of our new products and other upcoming products; our
ability to successfully expand international operations and to
conduct business internationally; and the retention of key
technical and management personnel. Assumptions relating to the
foregoing involve judgments and risks, all of which are difficult
or impossible to predict and many of which are beyond our control.
Other risk factors that may affect our future performance and
operations are detailed in our Annual Report, on Form 20-F, and our
other filings with the U.S. Securities and Exchange Commission and
the Canadian securities commissions. We believe that the
expectations reflected in the forward-looking statements are
reasonable based on information currently available to us, but we
cannot assure you that the expectations will prove to have been
correct. Accordingly, you should not place undue reliance on these
forward-looking statements. These statements speak only as of the
date of this document. Unless required by law or applicable
regulations, we undertake no obligation to revise or update any of
them to reflect events or circumstances that occur after the date
of this document.
EXFO-C
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SOURCE EXFO Inc.