Press Releases
NeoPhotonics Issues Statement Regarding U.S. Department of Commerce Ruling on ZTE
SAN JOSE, Calif.--(BUSINESS WIRE)--Mar. 9, 2016--
NeoPhotonics, a leading designer and manufacturer of advanced hybrid
photonic integrated optoelectronic modules and subsystems for
bandwidth-intensive, high-speed communications networks, today issued a
statement regarding the United States Department of Commerce publication
in the Federal Register of a “final rule” amending the Export
Administration Regulations that added four entities to the “Entity List”
maintained by the Department for actions contrary to the national
security and foreign policy interests of the United States. The
additions included the following two customers of NeoPhotonics:
Zhongxing Telecommunications Equipment Corporation and its subsidiary,
ZTE Kangxun Telecommunications Ltd., referred to collectively as ZTE.
NeoPhotonics revenues to ZTE during fiscal year 2015 were approximately
one percent of total revenue, and the company does not anticipate
materially different revenue from ZTE in the first quarter of 2016 or in
the 2016 fiscal year.
This event has caused no change to the outlook for the quarter ending
March 31, 2016 provided in the company’s quarterly financial results
press release of March 1, 2016.
About NeoPhotonics
NeoPhotonics is a leading designer and manufacturer of advanced hybrid
photonic integrated optoelectronic modules and subsystems for
bandwidth-intensive, high-speed communications networks. The Company’s
products enable cost-effective, high-speed data transmission and
efficient allocation of bandwidth over communications networks.
NeoPhotonics maintains headquarters in San Jose, California and ISO
9001:2000 certified engineering and manufacturing facilities in Silicon
Valley (USA), Japan and China. For additional information visit www.neophotonics.com.
Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
This press release includes statements that qualify as forward-looking
statements under the Private Securities Litigation Reform Act of 1995,
including those related to the company. Readers are cautioned that these
forward-looking statements involve risks and uncertainties and are only
predictions based on the company’s current expectations, estimates and
projections about their respective industry and business, management’s
beliefs, and certain assumptions made by the company, all of which are
subject to change and which may differ materially from actual future
events or results. The actual company results and the timing of events
could differ materially from those anticipated in such forward-looking
statements as a result of these risks, uncertainties and assumptions.
Certain risks and uncertainties that could cause the company’s results
to differ materially from those expressed or implied by such
forward-looking statements as well as other risks and uncertainties
relating to the company’s business, are described more fully in the
Company’s Quarterly Report on Form 10-Q for the quarter ended September
30, 2015 filed with the Securities and Exchange Commission.
© 2016 NeoPhotonics Corporation. All rights reserved. NeoPhotonics and
the red dot logo are trademarks of NeoPhotonics Corporation. All other
marks are the property of their respective owners.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160309005754/en/
Source: NeoPhotonics Corporation
NeoPhotonics Corporation
Clyde R. Wallin, +1-408-678-1852
Chief
Financial Officer
ray.wallin@neophotonics.com
or
Sapphire
Investor Relations, LLC
Erica Mannion, +1-617-542-6180
Investor
Relations
ir@neophotonics.com