Highwave Optical Technologies Announces its Third Quarter FY2005 Revenues
Lannion, France (ots/PRNewswire)
Highwave Optical Technologies (Nouveau Marché, HGWO), a leading technology supplier of active fiber based components and subsystems for the telecommunication Dense Wavelength Division Multiplexing (DWDM) systems, fiber laser industry, fiber optic sensors and defense markets, announced today its revenue for its Q3 2005 fiscal year.
Revenues for the third quarter of the fiscal year 2005 were EUR 0.850 million, representing a 18% increase over the third quarter 2004 revenues and a 35% decrease over the previous quarter revenues.
Revenue by Product for the Third Quarter 2005 (as a % of total revenue)
Q205 Q305
Optical Amplifiers 91% 75%
Components 2% 9%
Special Optical Fibers 7% 6%
Services and Merchandise 0% 10% Revenue by Region for the Third Quarter 2005 (as a % of total revenue)
Q205 Q305
EMEA 94% 75%
North America 0% 0%
Asia-Pacific 6% 25%"The revenues for the last calendar quarter are cyclically the lowest of our activity. However our first nine-month revenues amount to EUR 3.095 million a 26,5% increase regarding the same period last fiscal year and our current backlog allows us to expect a significant growth over the fiscal year" Sylvain Boj, commented.
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
Contact:
Sylvain Boj, COO, Highwave Optical Technologies, +33(0)2-96-04-20-00