Tokyo, Japan, July 21, 2009
The acquisition includes the manufacturing facilities and trade rights for optical component and module products, as well as photo diode-based products for the optical telecommunications market. Under the agreement, Go!Foton operates NSG America (NAI), NSG Micro Optics Philippines (NMO) and a newly established company, Go!Foton Inc. in Japan for the business in Japan. NAI and NMO will change their names within the next 12 months.
This transaction does not include the NSG Group’s Information Device (ID) business, which supplies the markets for printers, scanners and other equipment, or NSG’s proprietary SELFOC® Micro Lens (SML®) technology. However, Go!Foton will exclusively distribute SML® products for the optical communication market worldwide. Go!Foton will also distribute ID products in North America and Europe.
Dr. Simin Cai, former manager of the NSG Group’s TD business and now CEO of Go!Foton Holdings, commented. “Under this arrangement, Go!Foton is able to continue to supply high-quality products originally developed by the NSG Group. Our aim will be to continue developing more products of consistently superior quality to better serve our customers, existing and new.”