EX-99.1
4
a07-14409_1ex99d1.htm
EX-99.1
Exhibit
99.1
Optium Corporation
200 Precision Road
Horsham, PA 19044
267-803-3800
www.optium.com
Contact:
Veronica Rosa
Investor & Media Relations
267-803-3801
vrosa@optium.com
Optium Completes
Acquisition of Kailight Photonics
Horsham, PA,
May 17, 2007 (Prime Newswire)
- Optium Corporation (NASDAQ: OPTM), a leading supplier of high performance
optical subsystems for the telecom and cable TV industries, today announced
that it has completed its acquisition of Kailight Photonics, Inc., a technology
leader in 40Gb/s optical transmission products.
Kailight offers the industry's most advanced 300 Pin 40Gb/s
transceivers addressing both line side and client side applications. Kailight's proprietary 40Gb/s technology
enables high performance and next generation functionality, such as integrated
PMD (polarization mode dispersion) compensation and multiple modulation formats
not currently available on any existing 300 Pin 40Gb/s transceivers in the market. The acquisition will build on Optium's broad
suite of optical transport solutions and will enable Optium to provide either
40Gb/s modules or full line card solutions for 40Gb/s applications.
Kailight will continue to operate from its Nes Ziona,
Israel, facility as a wholly-owned subsidiary of Optium and will be renamed
Optium Israel. Sagie Tsadka, has been
named Vice President and General Manager of Optium Israel, and will continue to
lead Optium Israel's 40Gb/s growth initiatives to meet customers' increasing
demand for 40Gb/s technologies.
About Optium Corporation
Optium is a leading designer and manufacturer of high-performance
optical subsystems supporting core to the edge applications for use in
telecommunications and cable TV network systems. Optium's broad suite of optical transport
solutions feature fixed or wavelength agile 10Gb/s and
40Gb/s transceivers and subsystems, 10Gb/s pluggable
transceivers, CATV trunking and distribution subsystems and Optium's next
generation WSS ROADM product line. Quoted
on the NASDAQ Global Market under the symbol "OPTM", Optium is headquartered in
Horsham, PA and has offices in Sydney, Australia and Nes Ziona, Israel. For more information, visit
http://www.optium.com.
Optium Corporation Safe Harbor Statement
Certain statements made in this press release that are
not based on historical information are forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. This press release contains express or implied
forward-looking statements relating to, among other things, Optium Corporation's
business outlook. These statements are neither promises nor guarantees, but are
subject to a variety of risks and uncertainties, many of which are beyond
Optium Corporation's control, which could cause actual results to differ
materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties
include, among other things: risks
associated with integrating a newly-acquired business; risks associated with
changes in the demand for the Company's products and/or aggressive competition,
which may force the Company to reduce prices; risks associated with the
development and acceptance of new products and product features; risks
associated with the Company's dependence on a limited number of customers for a
significant percentage of its revenues; risks associated with dependence on a
limited number of component suppliers and/or increased demand for components, which
could lead to shortages that could disrupt or delay company shipments; risks
associated with making significant investments in the expansion of the business
and with increased expenditures; risks associated with the Company's products
being dependent upon the ability to anticipate and quickly respond to evolving
technologies and customer requirements; risks associated with becoming subject
to defending and resolving allegations or claims of infringement of
intellectual property rights; risks associated with others infringing on the
Company's intellectual property rights; risks associated with the Company's
ability to retain existing personnel and recruit and retain qualified
personnel; risks associated with rapidly changing technology and the ability of
the Company to introduce new products on a timely and cost-effective basis;
risks associated with changes in the competitive or regulatory environment in
which the Company operates; and other risks.
Existing and prospective investors are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
hereof. Optium Corporation undertakes no obligation to update or revise its
forward looking statements contained in this press release, whether as a result
of new information, future events or circumstances or otherwise. For additional
disclosure regarding these and other risks faced by Optium Corporation, see the
disclosure contained in Optium Corporation's public filings with the Securities
and Exchange Commission, including the risk factors included in Optium
Corporation's Quarterly Report on Form 10-Q, filed March 7, 2007. All filings are available through the SEC's
website at www.sec.gov or from Optium Corporation's web site at www.optium.com.

EX - 99 . 1 4 a07 - 14409 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Optium Corporation 200 Precision Road Horsham , PA 19044 267 - 803 - 3800 www.optium.com Contact : Veronica Rosa Investor & Media Relations 267 - 803 - 3801 vrosa@optium.com Optium Completes Acquisition of Kailight Photonics Horsham , PA , May 17 , 2007 ( Prime Newswire ) - Optium Corporation ( NASDAQ : OPTM ) , a leading supplier of high performance optical subsystems for the telecom and cable TV industries , today announced that it has completed its acquisition of Kailight Photonics , Inc . , a technology leader in 40 Gb / s optical transmission products . Kailight offers the industry 's most advanced 300 Pin 40 Gb / s transceivers addressing both line side and client side applications . Kailight 's proprietary 40 Gb / s technology enables high performance and next generation functionality , such as integrated PMD ( polarization mode dispersion ) compensation and multiple modulation formats not currently available on any existing 300 Pin 40 Gb / s transceivers in the market . The acquisition will build on Optium 's broad suite of optical transport solutions and will enable Optium to provide either 40 Gb / s modules or full line card solutions for 40 Gb / s applications . Kailight will continue to operate from its Nes Ziona , Israel , facility as a wholly - owned subsidiary of Optium and will be renamed Optium Israel . Sagie Tsadka , has been named Vice President and General Manager of Optium Israel , and will continue to lead Optium Israel 's 40 Gb / s growth initiatives to meet customers ' increasing demand for 40 Gb / s technologies . About Optium Corporation Optium is a leading designer and manufacturer of high - performance optical subsystems supporting core to the edge applications for use in telecommunications and cable TV network systems . Optium 's broad suite of optical transport solutions feature fixed or wavelength agile 10 Gb / s and 40 Gb / s transceivers and subsystems , 10 Gb / s pluggable transceivers , CATV trunking and distribution subsystems and Optium ' s next generation WSS ROADM product line . Quoted on the NASDAQ Global Market under the symbol " OPTM " , Optium is headquartered in Horsham , PA and has offices in Sydney , Australia and Nes Ziona , Israel . For more information , visit http://www.optium.com . Optium Corporation Safe Harbor Statement Certain statements made in this press release that are not based on historical information are forward - looking statements , which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . This press release contains express or implied forward - looking statements relating to , among other things , Optium Corporation 's business outlook . These statements are neither promises nor guarantees , but are subject to a variety of risks and uncertainties , many of which are beyond Optium Corporation 's control , which could cause actual results to differ materially from those contemplated in these forward - looking statements . In particular , the risks and uncertainties include , among other things : risks associated with integrating a newly - acquired business ; risks associated with changes in the demand for the Company 's products and / or aggressive competition , which may force the Company to reduce prices ; risks associated with the development and acceptance of new products and product features ; risks associated with the Company 's dependence on a limited number of customers for a significant percentage of its revenues ; risks associated with dependence on a limited number of component suppliers and / or increased demand for components , which could lead to shortages that could disrupt or delay company shipments ; risks associated with making significant investments in the expansion of the business and with increased expenditures ; risks associated with the Company 's products being dependent upon the ability to anticipate and quickly respond to evolving technologies and customer requirements ; risks associated with becoming subject to defending and resolving allegations or claims of infringement of intellectual property rights ; risks associated with others infringing on the Company 's intellectual property rights ; risks associated with the Company 's ability to retain existing personnel and recruit and retain qualified personnel ; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost - effective basis ; risks associated with changes in the competitive or regulatory environment in which the Company operates ; and other risks . Existing and prospective investors are cautioned not to place undue reliance on these forward - looking statements , which speak only as of the date hereof . Optium Corporation undertakes no obligation to update or revise its forward looking statements contained in this press release , whether as a result of new information , future events or circumstances or otherwise . For additional disclosure regarding these and other risks faced by Optium Corporation , see the disclosure contained in Optium Corporation 's public filings with the Securities and Exchange Commission , including the risk factors included in Optium Corporation 's Quarterly Report on Form 10 - Q , filed March 7 , 2007 . All filings are available through the SEC 's website at www.sec.gov or from Optium Corporation 's web site at www.optium.com .