Sensors Unlimited Continues To Build Executive Team - Names Dr. Clifton Draper As Manufacturing Liaison
Fiberoptics Industry Veteran Brings Expertise to Sensors' Product Research, Development and ManufacturingPRINCETON, N.J.--(BUSINESS WIRE)--Nov. 27, 2000-- Sensors Unlimited, Inc., a leading supplier of optical components that monitor the performance of dense wavelength division multiplexing (DWDM) systems, is pleased to announce the addition of Dr. Clifton Draper to its executive team. Dr. Draper will be retiring from Lucent Technologies (NYSE:LU), bringing to Sensors over 23 years experience in optical fiber and semiconductor device manufacturing research, as well as fundamental research in the field of laser interactions with materials. As the liaison between manufacturing and R&D, he will provide key product analysis and assessment, advancing the quantity and variety of fiberoptic components that Sensors can deliver to the marketplace.
"In continuing to build cutting-edge fiberoptics network solutions for the telecommunications industry and maintain our market leadership position, we are cognizant of an increasing need to attract high caliber talent such as Dr. Draper," states Greg Olsen, president and CEO of Sensors Unlimited. "He understands the nuances of our industry and the position our leading-edge technologies play in the marketplace. His more than two decades of work in research, development, and manufacturing will allow him to serve an important role in Sensors' on-going development of new and innovative products for the ever growing demands of the fiberoptics marketplace."
Dr. Draper will draw on his experience in leading R&D teams and successfully improving profit margins and manufacturing yields to cultivate and guide Sensors Unlimited's R&D and manufacturing efforts. "Sensors is poised to become world leaders in a fast changing marketplace with its unique and innovative optical networking technology," notes Dr. Draper. "I look forward to joining the top-notch research team at Sensors, to help build and deliver more cutting-edge fiberoptic solutions that will meet the demands of our Internet driven world."
Prior to joining Sensors Unlimited, Dr. Draper was a Distinguished Member of Technical Staff at Bell Laboratories and Lucent. While at Lucent and Bell Labs, Dr. Draper led manufacturing yield improvement efforts at the Norcross, GA optical fiber production facility and in a number of Lucent's semiconductor fabrication lines in Allentown and Reading, Pennsylvania. Dr. Draper was awarded AT&T Network Systems' Quality Team Excellence Award in 1993, and shared the Best Technology Development Award from AT&T's Allentown BiPolar Integrated Circuit Line in 1994.
Dr. Draper earned a BS in Chemistry from the State University of New York at Albany, and following a tour of duty with the United States Air Force, he received his PhD in physical chemistry from Penn State. Dr. Draper was elected Treasurer of the Materials Research Society in 1987 and 1988, has published over 100 technical articles, authored one book and holds 3 US patents.
About Sensors Unlimited: Sensors Unlimited, Inc. is a leading supplier of optical components that monitor the performance of dense wavelength division multiplexing (DWDM) systems. This technology is enabling telecommunications companies to optimize the use of existing bandwidth in their fiberoptic networks. Sensors Unlimited was acquired by Finisar Corporation (Nasdaq:FNSR) in October 2000 for approximately $700 million. As a Finisar company, Sensors Unlimited is empowering next generation optical networks with its ability to design, fabricate and supply innovative products using indium gallium arsenide technology. For more information, visit the Company's web site at www.sensorsinc.com.
This press release includes certain "forward-looking statements" for purposes of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Finisar Corporation's industry and competition.