Ignis awarded another splitter agreement in Asia
Oslo, Ignis ASA, an international provider of optical components, announced today that they have entered into another supply agreement for delivery of splitter chips to a leading Asian manufacturer of optical splitter modules. The agreement is signed for a period of 3 years and is estimated to have a minimum value the first year of USD 1.5 million.
Ignis is experiencing substantial growth of business demand in all product segments. Over the last year, Ignis has gained a particularly strong market position in Asia with a large portfolio of blue chip customers.
- This is another proof of our competitive strength in the splitter chip segment. Together with our Asian customer we have formed a strategic partnership for increasing distribution of optical splitter modules in the fast growing Chinese market for broadband access, says Matt Lee, COO in Ignis ASA.
China is showing impressing growth in online and broadband usage with more than 300 million Internet users where 90% have broadband access. China’s broadband service providers, such as China Telecom, China Netcom and China Mobile, have deployed up to 15 million FTTx (Fiber-To-The-x) lines in 2009 and FTTx subscribers in China are expected to top 50 million in 2012.
Ignis keeps investing significant time and efforts in the Asian broadband market to further improve its market position and win new blue chip customers in all parts of the region.
Ignis ASA is comprised of three subsidiaries including 69.3% ownership in Ignis Fira in Korea, the wholly owned Ignis Photonyx in Denmark and Ignis Syntune in Sweden. Ignis is a leading international provider of optical splitters, multiplexers, and state-of-the-art widely tunable lasers for applications ranging from fiber-optic communications to sensor systems. Headquartered in Oslo Norway, Ignis ASA is listed on the Oslo Stock Exchange (OSE: IGNIS).
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