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04/4/14 - €2.33
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oclaro inc (FKJ1) Details

Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, amplify, combine, and separate light signals in telecom networks. It offers tunable laser transmitters and fixed wavelength laser transmitters comprising discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; discrete receivers for metro and long-haul applications; pluggable transceivers; and transponder modules for transmitter and receiver functions. The company’s products also include amplifiers for brightness of optical signals, and compact amplification of ultra long-haul, long-haul, and metro networks; wavelength management products, such as switching and routing solutions, multiplexing and signal processing solutions, and micro-optics and integrated modules; and tunable dispersion compensation products to compensate for chromatic dispersion and dispersion degradation of transmission signals. In addition, it provides wavelength-visible lasers for various applications, including mini-projectors, laser printing, industrial barcode scanning, bio/medical imaging, industrial imaging, and professional contractor tools; wavelength infrared lasers for scientific measurement, night vision, and other infrared applications; and wavelength infrared LEDs for sensors used in robotics and other industrial applications. Oclaro, Inc. markets its products through direct sales and marketing organization, sales representatives, and resellers. The company was formerly known as Bookham, Inc. and changed its name to Oclaro, Inc. in April 2009. Oclaro, Inc. was founded in 1988 and is headquartered in San Jose, California.

2,782 Employees
Last Reported Date: 09/27/13
Founded in 1988

oclaro inc (FKJ1) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $323.1K
Chief Operating Officer
Total Annual Compensation: $329.2K
President of Integrated Photonics Business
Total Annual Compensation: $360.2K
Compensation as of Fiscal Year 2013.

oclaro inc (FKJ1) Key Developments

Oclaro, Inc. and Oclaro Technology Ltd Enter into Loan and Security Agreement with Silicon Valley Bank

On March 28, 2014, Oclaro, Inc. and its subsidiary, Oclaro Technology Limited (the borrower), entered into a loan and security agreement (the loan agreement) with Silicon Valley Bank pursuant to which the bank provided the borrower with a three-year revolving credit facility of up to $40 million. Under the loan agreement, advances are available based on up to 80% of eligible accounts as defined in the loan agreement. The loan agreement has $10 million sub-facilities for letters of credit, foreign exchange contracts and cash management services. The obligations of the borrower under the loan agreement are guaranteed by the company and certain subsidiaries of the company (collectively, the Guarantors) pursuant to an Unconditional Guaranty in favor of the bank (the guaranty), and are secured by substantially all of the assets of the borrower and the Guarantors, including a pledge of the capital stock holdings of the borrower and the Guarantors in their direct subsidiaries. Borrowings made under the loan agreement bear interest at a rate based on either the London Interbank Offered Rate plus 2.25% or Wall Street Journal's prime rate plus 1.00%. If the sum of (a) the borrower's unrestricted cash and cash equivalents that are subject to the bank's liens less (b) the amount outstanding to the bank under the loan agreement (such sum being net cash) is less than $15 million, then the interest rates in the previous sentence are increased by 0.75% until net cash exceeds $15 million for a calendar month. If interest paid under the loan agreement is less than $45,000 in any fiscal quarter, the borrower is required to pay the bank an additional amount equal to the difference between $45,000 and the actual interest paid during such fiscal quarter. The obligations of the borrower under the loan agreement may be accelerated, and the Guarantors may become obligated under the guaranty, upon the occurrence of an event of default under the loan agreement. The loan agreement includes customary events of default. The loan agreement contains covenants applicable to the company, the borrower and their subsidiaries, including a financial covenant that, on a consolidated basis, requires the company to maintain a minimum fixed charge coverage ratio of no less than 1.10 to 1.00, if the borrower has not maintained net cash of at least $15 million, and other customary covenants. If the loan agreement terminates prior to its maturity date, the borrower will pay a termination fee equal to 1% of the total credit facility if such termination occurs in the first year after closing, 0.75% of the total credit facility if such termination occurs in the second year after closing and 0.50% of the total credit facility if such termination occurs in the third year after closing.

Oclaro, Inc. Announces New Product Micro-iTLA with Flex Grid

Oclaro, Inc. announced that it is ramping production of its second-generation LambdaFlex(TM) micro-iTLA TL5350 with flexible grid operation. As a leader in tunable products for transmission systems, the new Micro-iTLA TL5350 builds on the legacy of the company's highly successful Indium Phosphide portfolio. Key features include: Advanced locker technology to enable the user to set the optical carrier to any optical frequency in the C-Band with 0.2GHz channel setting resolution; Optical output power of 15.5dBm at less than 4.5W of power dissipation; Designed to the OIF multi-source agreement; 3x smaller form factor than a standard iTLA with significantly reduced power consumption; High optical output power combined with power and frequency fine tuning to give greater flexibility to network designers. The company also announced that at OFC show it will showcase a working demonstration between 25G EML light sources and 25G APD arrays for 100G CFP2 ER4-Lite applications, enabling error free operation over 40km of SMF. The availability of a CFP4 ER4-Lite application will enable its customers to transition to access networks where longer reach is required. Key product highlights include: Expands product portfolio of multi-rate Ethernet and OTN compatible 100G transceivers by extending reach coverage from 10km up to 40km while maintaining low power consumption and low cost. Enables Intermediate reach of 100G connections up to 40km within core/metro/access networks. Provides better solution in terms of long-term 100G form factor roadmaps when compared to today's PIN-PD + SOA implementation that requires more power consumption and cost due to additional SOA.

Oclaro, Inc. Unveils 10G Wideband Tunable SFP+ Module Based on New Indium Phosphide Laser Platform

Oclaro, Inc. announced that it will be demonstrating a new tunable SFP+ module based on a new Oclaro InP tunable laser platform at next week's OFC conference. Building on Oclaro's strong history of 10G tunable DWDM products, the new tunable SFP+ module is based on the latest version of a compact monolithically Integrated Laser Mach-Zender (ILMZ) chip, enabling the module to achieve OSNR performance while providing approximately 60% reduced power consumption and 50% smaller form factor than current tunable XFP offerings. The tunable SFP+ module is an important building block for next generation datacenter, metro and regional optical network equipment because it can reduce the size and power consumption for 10G connections while supporting the network operators' rapidly increasing capacity needs driven by data-heavy network applications. First generation tunable SFP+ modules were not widely adopted because they did not meet the critical requirement of less than 1.5W of power consumption at high operating temperatures without compromising performance when stacking multiple transceivers on high-density line cards. In addition, some of these first generation products were designed with a non-standard mechanical footprint that allowed for heat dissipation, but did not enable customers to re-use existing reference board designs. With its new tunable SFP+ laser design, Oclaro has now solved these critical issues through an innovative new chip design and the use of next generation materials that enable the module to be fully compliant to the SFP MSA form factor and operate at 1.5W at 70 degrees C with excellent OSNR tolerance.


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