Picolight Partners with PEMSTAR to Increase Manufacturing Capacity for Fiber-Optic Transceivers Used in Enterprise and Metro/Access Networking Applications

Business Wire, March 12, 2003

Business Editors/High-Tech Writers

BOULDER, Colo.--(BUSINESS WIRE)--March 12, 2003

Partnership Will Enable Picolight to Significantly Expand

Manufacturing Capacity for Products Aimed at Key Growth Markets

Picolight Inc., today announced that it has entered into a manufacturing partnership with PEMSTAR Inc. (Nasdaq: PMTR), a leading provider of global engineering, manufacturing and fulfillment services to original equipment manufacturers (OEMs).

The partnership with PEMSTAR enables Picolight to seamlessly expand the company's manufacturing capacity for its Accelar(TM) and E x t e n s u s(TM) fiber-optic transceivers for enterprise and metro/access markets.

"PEMSTAR's high-quality, high-volume global production capabilities extend our ability to meet customer demand for transceivers in key, fast-growing segments of the fiber-optic market," said John McMunn, vice president of transceiver R&D and operations for Picolight. "PEMSTAR has a proven track record in this market, and a number of our customers have completed rigorous audits of the combined Picolight and PEMSTAR supply chain and reported outstanding quality results."

"We are pleased to be working with Picolight, one of the most exciting companies in the fiber-optic transceiver market," said Dale Crist, executive director, U.S. optical business development for PEMSTAR. "The combination of PEMSTAR's process engineering expertise and global manufacturing resources with Picolight's leadership in high-speed optical subsystems creates a strong partnership as the industry drives toward a new optical economy."

Picolight continues to manufacture key optical sub-components in Boulder, Colorado. These qualified, reliable optical elements are assembled by PEMSTAR and tested to Picolight standards. The company has already transferred manufacturing for multiple transceiver products to PEMSTAR's facilities in Bangkok, Thailand.

Picolight offers a broad range of optical transceiver products for enterprise and storage-area networks and the optical metro/access network. The company's Accelar serial 850nm family includes 1 Gbps Small Form Factor (SFF) transceivers and 1-2 Gbps Small Form Factor Pluggable (SFP) transceivers for enterprise, as well as 10 Gbps pluggable solutions that are used in 10 Gigabit Ethernet. The 1310nm E x t e n s u s family extends the cost and performance advantages of pluggable, economical enterprise optics to applications in wide area network, metro and access routers that require up to 20-kilometer links.

About Picolight:

Picolight is a rapidly growing, private, venture-backed company that designs and manufactures high-speed optoelectronic components and subsystems for original equipment manufacturers (OEMs) of networking equipment. The company provides transceiver subsystems for short-reach (1-meter to 20-kilometer) optical-networking connections, including optical switch interconnect, optical enterprise and storage area networks (SANs), and optical metro/access networks. From rack-to-rack and to the network edge, Picolight's fiber link technology delivers cost-effective bandwidth for capacity-constrained networking equipment. Picolight is located in Boulder, Colo. and employs a staff of 120. For more information, see www.picolight.com or email sales@picolight.com.

About PEMSTAR:

PEMSTAR Inc. (www.pemstar.com) provides a comprehensive range of engineering, manufacturing and fulfillment services to customers on a global basis through facilities strategically located in the United States, Mexico, Asia, Europe, and South America. The Company's service offerings support customers' needs from product development and design, through manufacturing to worldwide distribution and aftermarket support. PEMSTAR has over one million square feet in 17 facilities in 15 locations worldwide.