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Memscap Purchases Opsitech SA

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To strengthen its optical expertise, microelectromechanical systems provider Memscap of San Jose, Calif., will acquire integrated optics specialist Opsitech SA of Grenoble, France. Opsitech is a spin-off of Laboratoire d'Electronique et des Technologies de l'Information (LETI) of the Commissariat à l'Energie Atomique (CEA). Achieved with the support of CEA-LETI, the acquisition will enable Memscap to gain team expertise and access to the French organization's intellectual property in silicon integrated optics technologies through a license and research and development agreement. In turn, the arrangement will help consolidate the micro- and nanotechnology center of expertise in Grenoble. The international headquarters of Memscap is in nearby Crolles.

Memscap will issue €3.75 million in common shares to Opsitech's shareholders upon the closing of the transaction.
Edmund Optics - Manufacturing Services 8/24 MR

Published: December 2003
Glossary
microelectromechanical systems
Refers to micron-size complex machines that have physical dimensions suitable for the fabrication of optical switches for use in state-of-the-art communications networks.
Businesslight speedMEMSCAPmicroelectromechanical systemsOpticssilicon integrated optics

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