Dallas, Texas 09/20/2013 (Financialstrend) – Oclaro, Inc. (NASDAQ:OCLR) shares had settled at $1.72 per share as of close of business on September 19. It had risen by over 4.2% from its previous day close of $1.60. The company share is up 87% from its 52 week low price and is down 45% from its 52 week high price. Its current market capitalization is $148 million with little over $92 million outstanding shares and $76 million of public float.
On September 19 the company announced that it has initiated commercial production of its niche “tuneable laser platform”. This system will allow customers who are using coherent systems to generate high performance laser to transmit and those operating laser oscillators. The Oclaro product is able to generate high optical output power which is used in coherent networks which are based on 16 QAM modulation formats. In order to promote this new product, the company is participating in the European leg of the optical communication event to be held in September last week in London.
These Micro-iTLA are already being shipped to key customers who participated in the pilot projects since the beginning of 2013. The company is expecting to achieve full ramp up on its production facilities by the end of calendar year 2013.
Oclaro, Inc is a major manufacturer of optical components which are used in the optical communications market. Its major customer base is the industrial manufacturing houses, scientific research firms, high end electronics and medical research firms. The Company’s product occupies the leader spot in their respective markets. It has its chip research and development activities in US, UK to leverage the existing trained workforce. It has its fabrication and production units across the globe in order to leverage the low cost of manpower available outside North America and Europe.