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II-VI INCORPORATED

(IIVI)
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II-VI Incorporated : Wins ECOC 2021 Most Innovative Product/Optical Integration Award for 400G Integrated Coherent Transceiver Technology

10/14/2021 | 06:04am EST

II-VI Incorporated (Nasdaq: IIVI), a leader in coherent optical components, modules, and subsystems, today announced that its Optical Internetworking Forum (OIF) Type (2) Integrated Coherent Transmitter & Receiver Optical Subassembly (IC-TROSA) for 400G transmission has won the 2021 Industry Award from the European Conference on Optical Communications (ECOC) Exhibition in the category of Most Innovative Product/Optical Integration.

Communications service providers are planning to deploy new network architectures that will considerably reduce capital expenditures and operating expenses by leveraging next-generation transmission technology. II-VI's IC-TROSA is a 400G transmission technology with a combination of high output power, small size, and low power consumption that enables the elimination of an entire layer of optical equipment, dramatically reducing capital outlays and greatly simplifying network operation.

"The IC-TROSA is based on advanced proprietary indium phosphide technology," said Patrik Evaldsson, Vice President & General Manager, II-VI Järfälla. "Indium phosphide is an intrinsic enabler of 0 dBm output power in 400G digital coherent optics transceivers, yet with low enough power consumption to be suitable for the small QSFP-DD form factor."

"We are honored to win this award and excited about our IC-TROSA product," said Dr. Sanjai Parthasarathi, Chief Marketing Officer, II-VI Incorporated. "The availability of 400G with such high output power in a QSFP-DD form factor is a game-changer due to its compatibility with router interfaces. Now, service providers can connect routers directly to access, metro, and regional optical transport networks without client interfaces. This type of network architecture, such as IP-over-DWDM, achieves huge savings in upfront costs and ongoing expenses."

II-VI's IC-TROSA was announced in early 2020 and is now in volume production. It integrates all the optical functions of a coherent transceiver into one digitally controlled subassembly that customers can interface to the DSP of their choice. It is the first of its kind to conform to the Type-2 form factor specified in the OIF IC-TROSA implementation agreement and to support optical performance compatible with both 400ZR+ and the OpenROADM multi-source agreement (MSA).

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2022 3 317 M - -
Net income 2022 284 M - -
Net cash 2022 548 M - -
P/E ratio 2022 29,2x
Yield 2022 -
Capitalization 7 032 M 7 032 M -
EV / Sales 2022 1,95x
EV / Sales 2023 1,63x
Nbr of Employees 22 961
Free-Float 87,1%
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Last Close Price 62,72 $
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Vincent D. Mattera Chairman & Chief Executive Officer
Walter R. Bashaw President
Mary Jane Raymond Chief Financial Officer & Treasurer
Christopher Koeppen Chief Technology Officer
Anantha Ganga Chief Information Officer
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