Acacia Communications Provides Update on U.S. Department of Commerce ZTE Statement
April 16 2018 - 2:18PM
Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of
high-speed coherent optical interconnect products, today announced
that it is aware of the recent announcement that the U.S.
Department of Commerce by order, effective immediately, is banning
American companies from selling, exporting or re-exporting
components, software and technology to Chinese telecom equipment
maker ZTE Corporation as a result of ZTE’s actions in connection
with a previous settlement regarding sanctions violations.
Acacia is taking steps to suspend affected transactions and
is assessing the impact of these developments on Acacia.
About Acacia Communications
Acacia Communications develops,
manufactures and sells high-speed coherent optical interconnect
products that are designed to transform communications networks
through improvements in performance, capacity and cost. By
leveraging silicon technology to build optical interconnects, a
process Acacia Communications refers to as the “siliconization of
optical interconnect,” Acacia Communications is able to offer
products at higher speeds and density with lower power consumption,
that meet the needs of cloud and service providers and can be
easily integrated in a cost-effective manner with existing network
equipment. www.acacia-inc.com.
SOURCE Acacia Communications,
Inc.
For further information:
Investor Relations Contact:Monica GouldOffice:
(212) 871-3927Email: IR@acacia-inc.com
Lindsay SavareseOffice: (212) 331-8417Email:
IR@acacia-inc.com
Public Relations Contact:Ed Harrison
Office: (781) 966-4158Email: ed@inkhouse.com
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