DMG Technologies acquires assets, IP rights of Demeter Module Group from Finisar

4 August 2003, Los Angeles, CA Lightwave--Today marks the formal introduction of DMG Technologies. The company was formed to acquire the assets and intellectual property (IP) rights of Demeter Module Group from Finisar Corp. The purchase was privately funded.

DMG Technologies designs and manufactures optical subassemblies, including laser/PIN diodes and detectors, as well as bi-directional and combiner devices. These products are used in telecommunications, data communications, CATV, and instrumentation systems. DMG is located in an 11,000 sq. ft. cleanroom facility in Industry, CA.

The new company is under the direction of Malcolm McLean, president and chief executive officer. McLean was formerly director of sales and marketing at thin-film manufacturer Auxora. Prior to that he was vice president, worldwide sales, for Lyte Optronics, a manufacturer of visible laser components.

McLean remarked, "DMG already has added new supply agreements to the stable customer base that was in place at the time of purchase. We continue to provide technical, engineering, and service support for existing product lines. We will continue to deliver the same world-class product manufacturing and superior service that our customer base demands."

McLean added, "In addition, DMG has an aggressive new product road map to address needs in a number of industries including sensors, biomedicine, spectroscopy, and government, as well as telecommunications and data communications. These products include a 2.5-Gbit/sec APD-TIA [avalanche photodiode transimpedance amplifier] receiver; 10-Gbit/sec APD-TIA receiver; 2.5-Gbit/sec DFB TOSA [distributed feedback transmitter optical subassembly] ; 10-Gbit/sec DFB TOSA for XFP; and EPON Bi Di [Ethernet passive optical networking bidirectional] with APD. As a result, DMG has embarked on a significant program to add highly qualified staff and state of the art equipment to our already excellent team."