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Friday, 12 October 2018, 20:15 HKT/SGT

Source: O-Net Technologies (Group) Limited
O-Net Invests in InLC Technology
Join Forces to Capture Numerous Opportunities in Optical Networking Sector

HONG KONG, Oct 12, 2018 - (ACN Newswire) - Leading high-technology enterprise O-Net Technologies (Group) Limited ("O-Net") (877.HK) has today announced that it has invested in and formed a strategic partnership with InLC Technology Inc. ("InLC"), a Korea-based technology company focused on liquid crystal (LC) and liquid-crystal-on-silicon (LCoS) WSS and DGE and other products in wired telecom equipment manufacturing, in order to capture numerous opportunities and huge potential in the optical networking sector for both the telecommunications and data-communications markets.

Founded in 2009, InLC is led by an experienced management team with expertise in liquid crystal fabrication, optical networking, and display technology. Dr. Sam Suh, CEO of InLC, is a seasoned entrepreneur and a holder of several US patents related to ROADM components, liquid crystal technology, WSS, wavelength blockers, tunable filters, VOAs, and other optical components. InLC owns proprietary LC and LCoS fabrication facilities enabling complete control over the design and manufacturing of the optical engines used in wavelength selective switches and other modules.

Through this strategic partnership, O-Net's optical networking products can incorporate InLC's technologies to create value-added products and solutions which are expected to be welcomed by the global customers of both companies.

Mr. Austin Na, Chairman and CEO of O-Net, said, "We are very excited to forge a strategic partnership with InLC. InLC is a leading Korean-based technology company with excellent expertise to design and manufacture high performance LC and LCoS engines customised for telecom and optical networking applications. Through the strategic partnership, we can join hands to market our optical networking products and solutions which will be equipped with InLC technologies. We believe the strategic partnership between O-Net and InLC can bring synergies to both companies as we will join forces in marketing and sales efforts to promote our value-added solutions and products to our telecom and datacom customers in the future. We look forward to strengthening our collaboration with InLC to create a win-win situation between both parties as well as for our customers."

Dr. Sam Suh, CEO of InLC, said, "We are very pleased that O-Net with its strong capabilities and excellent track record in optical networking solutions is partnering with us. The strategic partnership with O-Net gives InLC the ability to address even more opportunities and leverage our technology in more areas than we would by ourselves. InLC's WSS, DGE, and other LC and LCoS products greatly complement O-Net's industry-leading optical subsystems solutions. We believe that our customers and the communications equipment industry in general will benefit significantly from the superior products and solutions that InLC and O-Net will deliver."

About O-Net Technologies (Group) Limited (Stock code: 877)
O-Net Technologies (Group) Limited, with headquarters in Shenzhen, was listed on the Stock Exchange of Hong Kong Limited on 29 April 2010. It is a leading supplier of optical networking products to the global optical telecommunications and data-communications markets. To further strengthen the Group's leadership in the global technology industry, O-Net, along with 3SP and ITF, secures the supply of advanced laser chips and optical components in order to widen the Group's product range and improve its technologies through vertical integration. On the back of the Group's core optical networking technology platform, it has diversified from its core business to certain new businesses including industrial applications and consumer electronics, and has re-positioned its strategic focus from a sole telecoms passive component supplier to a high technology leader with advanced products and solutions for cloud data centres, automation, sensing and industrial laser, as well as ADAS with an aim to become a leading high-tech company.

About InLC Technology Inc.
InLC was founded in 2009 by an experienced team with expertise in liquid crystal fabrication, optical networking, and display technology. InLC develops and sells products for optical networking and telecommunications, leveraging the global investment in high-volume low-cost LCD technology and associated drive electronics. InLC owns the LC and LCoS fabrication facilities and controls all aspects of the design and manufacturing of high-performance LC and LCoS engines customized for telecom and optical networking. InLC's product offerings include flexible grid dynamic gain equalizers (DGE) and flexible grid wavelength selective switches (WSS).

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Topic: Press release summary
Sectors: Electronics, Daily Finance, Security, Automotive, Engineering
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