Sensors Unlimited Named Finalist For Eastern Technology Council's "Growth Company of the Year"
Over the past five years, Sensors Unlimited's revenues increased 333 percent and its employee base has almost tripled. Sensors Unlimited's Optical Eyes(TM) are optical components that serve as the 'eyes' within fiberoptic networks, enabling telecommunications companies to optimize the use of existing bandwidth.
"Sensors Unlimited stood out in a highly competitive field of leading technology companies in the Mid Atlantic region," notes Rob McCord, president and CEO of the Eastern Technology Council. "Sensors Unlimited's growth has been explosive, because the founders had the foresight to invest in fiberoptic components that today have become the foundation for enabling high-bandwidth Internet operations."
"This recognition belongs to everyone at Sensors Unlimited, for the innovative work that is performed every day, by both the R&D and administrative staff," states Greg Olsen, president and CEO, Sensors Unlimited. "Together with our partners at Sarnoff and Princeton University, we had the vision to carve out a niche in the telecommunications marketplace as a supplier of optical components. Based on our core Indium Gallium Arsenide (InGaAs) technology, we produce a technology that makes high bandwidth Internet service a reality."
Sensors ground-breaking research produced InGaAs photodiode arrays that enable telecommunications companies to boost the capacity, performance and reliability of their existing fiber optic networks. With Sensors' technology, telecommunications providers can deliver a high quality of service that ensures optimum use of available bandwidth.
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.