November 8, 2007
Minoo Mortazavi Joins Infinera As VP, Strategic Materials
SUNNYVALE, Calif., Nov. 8, 2007 (PRIME NEWSWIRE) -- Minoo Mortazavi has joined Infinera (Nasdaq:INFN) in a newly created position, Vice President, Strategic Materials, to support Infinera's strategic focus on building an optimized supply chain that supports scaling efficiency, lowering costs, and creates even greater flexibility through the value chain.
Before joining Infinera, Ms. Mortazavi was VP, Global Materials at JDS Uniphase, where she played a key role in a program of restructuring manufacturing and shifting production to low-cost regions. Before that, she was at Solectron, where she helped the company build the materials and supply chain processes that made it a leading supplier of worldwide contract manufacturing services.Infinera has expanded its manufacturing operations dramatically since launching the first Infinera Digital Optical Network three years ago. In Q3 of 2007, Infinera recorded invoiced shipments of $80.4 million, up 91% from the year-earlier period. Ms. Mortazavi brings senior-level experience to the challenge of building a manufacturing and supply base that can help Infinera reach the next level of growth.
"Infinera has been tremendously successful as a new player in optical networking systems, and I'm delighted to join a company with such a strong team and unique technology advantages," commented Ms. Mortazavi. "As Infinera grows, it will need to improve its cost base structurally and build additional scalability into its supply chain, in part by building partnerships with the best suppliers in the industry."
"Minoo is a great addition to our team and will help us as we scale our world-class optical networking business to meet all our customers' needs worldwide," said Infinera Chief Operating Officer Tom Fallon.
The Infinera DTN is the first optical networking system based on large-scale photonic integration. Infinera's photonic integrated circuits, integrating the functionality of more than 60 optical devices onto a pair of chips, are manufactured at Infinera's unique semiconductor fabrication facility in Sunnyvale, California. Infinera has centers of excellence in hardware and software systems design in Sunnyvale, Allentown, Pennsylvania, Columbia, Maryland, and Bangalore, India.
Infinera provides Digital Optical Networking systems to telecommunications carriers worldwide. Infinera's systems are unique in their use of a breakthrough semiconductor technology: the Photonic Integrated Circuit (PIC). Infinera's systems and PIC technology are designed to provide optical networks with simpler engineering and operations, faster time-to-service, and more flexible networking. For more information, please visit www.infinera.com.
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to Infinera as of the date hereof; and actual results could differ materially from those stated or implied, due to risks and uncertainties. Forward-looking statements include statements regarding Infinera's expectations, beliefs, intentions or strategies regarding the future, such as the benefits and capabilities of our products and the Digital Optical Network's architecture, the benefits and capabilities that Ms. Mortazavi will be able to bring to Infinera, and other statements that can be identified by forward-looking words such as "anticipated,""believed,""could,""estimate,""expect,""intend,""may,""should,""will," and "would" or similar words. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include aggressive business tactics by our competitors, our dependence on a single product, our ability to protect our intellectual property, claims by others that we infringe their intellectual property, our manufacturing process is very complex, product performance problems we may encounter, our dependence on sole or limited source suppliers, our ability to respond to rapid technological changes, our ability to maintain effective internal controls, the ability of our contract manufacturers to perform as we expect, general political, economic and market conditions and events, including war, conflict or acts of terrorism; and other risks and uncertainties described more fully in our public announcements, reports to stockholders and other documents filed with or furnished to the Securities and Exchange Commission. These statements are based on information available to us as of the date hereof and we assume no obligation to update the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise.
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CONTACT: Infinera Media: Jeff Ferry (408) 572-5213 Investors: Bob Blair (408) 716-4879 [email protected]