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Triformix Announces Acquisition of JDS Uniphase's Molded-Optics Business Unit

Posted on: Wednesday, 4 August 2004, 06:00 CDT

Triformix, Inc. (www.triformix.com), a leading maker of precision-molded optical components for the communications, digital imaging, and instrumentation markets, today announced it is acquiring the assets of the molded-optics business unit of JDS Uniphase (NASDAQ:JDSU) for an undisclosed cash amount. As a result of the acquisition, Triformix expects to strengthen its position in the precision-molded optics market with a broadened customer base, added technical capabilities and expanded capacity.

The acquisition of JDS Uniphase's molded-optics business unit is the latest in several steps Triformix has successfully taken to strengthen its position in the marketplace. The company recently announced it secured a second round of venture funding and will take in additional venture funding concurrent with the acquisition of the JDS Uniphase business unit.

"With this acquisition, Triformix is reinforcing its position as a leader in the precision-molded optics industry," said David Whitney, president and CEO of Triformix. "The acquisition will allow us to expand the base of business in our target markets with important new customers and products.

"Additionally, it brings enhanced capabilities, expanded capacity and a skilled team of engineers to better serve the needs of our customers. We feel that with the combined capabilities of Triformix and the JDS Uniphase molded-optic business unit we are very well positioned to provide unmatched service to the rapidly expanding optical-components field."

As part of the acquisition, all full-time JDS Uniphase molded-optics business unit employees will be offered jobs at Triformix. Triformix is a qualified supplier of optical components to JDS Uniphase.

Triformix and JDS Uniphase expect to complete this acquisition promptly.

About Triformix

Triformix, Inc., is a privately held company that designs and manufactures optical components and innovative semiconductor packaging for high-volume products using proprietary injection-molding capabilities for the communications, digital imaging, peripherals, and instrumentation markets. The company provides low-cost solutions for opto-electronic integration to a broad range of applications, including fiber-optic connectors, cell-phone cameras, optical sensors for computer peripherals, and instrumentation. For more information on Triformix, please visit www.triformix.com.

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