Highwave Optical Technologies in Acquisition Discussions
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, announces the suspension of trading in its shares to update the market about recent news.
The company announces current acquisition negotiations that aim to develop its operations while reinforcing its cash position. The management has no further details to provide at this stage but will do so should discussions be finalized or aborted. In that regard, the trading of Highwave shares will be suspended until such an announcement in order to avoid excessive price volatility.
Furthermore, the company has no material development to announce in terms of operations. The press releases dated 18 June 2004 and 26 July 2004 on the company's 2004 fiscal results and 2005 first quarter sales are, in the opinion of the management, an accurate description of the company's current status and perspectives.
The company reminds its shareholders that its annual shareholder meeting will take place in its premises on Thursday 23 September at 3pm. This shareholder meeting will aim to receive shareholders' approval on the company's fiscal year 2003-2004 accounts.
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:
Hubert Lévêque, CFO, Highwave Optical Technologies,
+33(0)2-96-04-27-08 Sylvain Boj, COO, Highwave Optical Technologies,
+33(0)2-96-04-20-00 sylvain.boj@highwave-tech.com