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lumentum.com

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About Lumentum

Lumentum (NASDAQ: LITE) engages in manufacturing of optical and photonic products enabling optical networking and commercial laser. Its components and subsystems are part of telecom, enterprise, and data center network. The company operates in two segments: Optical Communications and Commercial Lasers. The Optical Communications segment includes modules and subsystems to support and maintain customers in two primary markets, Telecom and Datacom. The Commercial Lasers segment includes subsystems used in a variety of OEM applications that range in output power from milliwatts to kilowatts and include ultraviolet, visible and infrared wavelengths.

Lumentum Headquarter Location

400 North McCarthy Boulevard

Milpitas, California, 95035,

United States

408-546-5483

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Latest Lumentum News

Lumentum Announces Completion of NeoPhotonics Acquisition

Aug 3, 2022

08/03/2022 | 08:31am EDT Message : *Required fields SAN JOSE, Calif., Aug. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) (" Lumentum "), today announced that it has completed its previously announced acquisition of NeoPhotonics Corporation ("NeoPhotonics"). "I am excited to unite NeoPhotonics' differentiated products and technology and talented team with those of Lumentum," said Alan Lowe, Lumentum President and CEO. "This acquisition better positions us for attractive growth opportunities created by the digital transformation of work and life, which is driving relentless growth in the needed volumes and performance of cloud and network infrastructure. I welcome our new colleagues to the Lumentum team and want to thank NeoPhotonics' CEO Tim Jenks and the rest of NeoPhotonics' leadership team for their contributions in getting us to this important milestone." Under the terms of the merger agreement, NeoPhotonics stockholders will receive $16.00 in cash for each share of NeoPhotonics common stock in accordance with the terms of the merger agreement. As previously announced, Lumentum anticipates achieving more than an estimated $50 million in annual run-rate synergies within 24 months of the closing of the transaction. Lumentum financed the transaction consideration with cash from the combined companies' balance sheets. Due to the timing of the closing of the NeoPhotonics acquisition, there is no impact to Lumentum's fiscal fourth quarter 2022. During its fiscal fourth quarter and fiscal year 2022 earnings conference call, which is scheduled for Tuesday, August 16, 2022 at 5:30 a.m. PT / 8:30 a.m. ET, Lumentum will provide an update on the NeoPhotonics transaction. More information on this call can be found in the Investors section on Lumentum's website at http://investor.lumentum.com . About Lumentum Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com  and follow Lumentum on LinkedIn , Twitter , Facebook , Instagram , and YouTube . About NeoPhotonics NeoPhotonics is a leading developer and manufacturer of lasers and optoelectronic solutions that transmit, receive, and switch high-speed digital optical signals for Cloud and hyper-scale data center internet content providers and telecom networks. NeoPhotonics' products enable cost-effective, high-speed over distance data transmission and efficient allocation of bandwidth in optical networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2015 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan and China. For additional information visit www.neophotonics.com . Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, including the timing of the transaction and other information related to the transaction. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern the transaction and our expectations, strategy, plans or intentions regarding it. Forward-looking statements in this communication include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of the transaction, (ii) plans, objectives and intentions with respect to future operations, customers and the market, and (iii) the expected impact of the transaction on the business of the parties. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the effect of the announcement or pendency of the transaction on our business relationships, results of operations and business generally; risks that the transaction disrupts current plans and operations; the risk of litigation and/or regulatory actions related to the transaction; potential impacts of the Covid-19 pandemic; changing supply and demand conditions in the industry; and general market, political, economic and business conditions. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in filings with the Securities and Exchange Commission, including reports filed on Form 10-K, 10-Q and 8-K and in other filings made by NeoPhotonics and Lumentum with the SEC from time to time and available at www.sec.gov . These forward-looking statements are based on current expectations, and with regard to the transaction, are based on Lumentum's and NeoPhotonics' current expectations, estimates and projections about the potential benefits thereof, its business and industry, management's beliefs and certain assumptions made by Lumentum and NeoPhotonics, all of which are subject to change. The parties undertake no obligation to update the information contained in this communication or any other forward-looking statement. Category: Financial

Lumentum Acquisitions

3 Acquisitions

Lumentum acquired 3 companies. Their latest acquisition was NeoPhotonics on August 03, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/3/2022

Other Venture Capital

$99M

$223.3M

Acq - P2P

2

11/17/2020

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$99M

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10

12/10/2018

Other Venture Capital

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$99M

$99M

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10

Date

8/3/2022

11/17/2020

12/10/2018

Investment Stage

Other Venture Capital

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$223.3M

$99M

Note

Acq - P2P

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Sources

2

10

10

Lumentum Partners & Customers

10 Partners and customers

Lumentum has 10 strategic partners and customers. Lumentum recently partnered with MRSI Systems on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/21/2022

Partner

United States

MRSI and Lumentum collaborate on developing automotive LiDAR solutions

To be highlighted at the 2022 Compound Semiconductor Advanced Technology & Application conference in Suzhou , China -LRB- 3-4 August -RRB- , MRSI Systems 's collaboration with Lumentum will provide high-reliability photonic chip assembly and services for the automotive LiDAR industry .

1

6/22/2022

Vendor

United Kingdom

IQE announces multi-year strategic supply agreement with Lumentum

The strong partnership between IQE and Lumentum will also enable leadership across a wider range of cutting-edge technologies such as biometric security , data communications , and extended reality .

9

3/9/2022

Partner

United States

Lumentum and Ayar Labs Announce Strategic Collaboration to Supply External Light Sources for Co-packaged Optical Interconnect Solutions

SAN JOSE , Calif. -- -- Lumentum , a market-leading designer and manufacturer of innovative optical and photonic products , and Ayar Labs Inc. , a leader in chip-to-chip optical connectivity , today announced that they have entered into a strategic collaboration agreement to deliver CW-WDM MSA compliant external laser sources in high volume .

4

5/26/2021

Partner

United States

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10

4/25/2019

Client

China

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10

Date

7/21/2022

6/22/2022

3/9/2022

5/26/2021

4/25/2019

Type

Partner

Vendor

Partner

Partner

Client

Business Partner

Country

United States

United Kingdom

United States

United States

China

News Snippet

MRSI and Lumentum collaborate on developing automotive LiDAR solutions

To be highlighted at the 2022 Compound Semiconductor Advanced Technology & Application conference in Suzhou , China -LRB- 3-4 August -RRB- , MRSI Systems 's collaboration with Lumentum will provide high-reliability photonic chip assembly and services for the automotive LiDAR industry .

IQE announces multi-year strategic supply agreement with Lumentum

The strong partnership between IQE and Lumentum will also enable leadership across a wider range of cutting-edge technologies such as biometric security , data communications , and extended reality .

Lumentum and Ayar Labs Announce Strategic Collaboration to Supply External Light Sources for Co-packaged Optical Interconnect Solutions

SAN JOSE , Calif. -- -- Lumentum , a market-leading designer and manufacturer of innovative optical and photonic products , and Ayar Labs Inc. , a leader in chip-to-chip optical connectivity , today announced that they have entered into a strategic collaboration agreement to deliver CW-WDM MSA compliant external laser sources in high volume .

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Sources

1

9

4

10

10

Lumentum Team

9 Team Members

Lumentum has 9 team members, including current Chief Executive Officer, President, Alan S. Lowe.

Name

Work History

Title

Status

Alan S. Lowe

Chief Executive Officer, President

Current

Wajid Ali

Synaptics, Teledyne Technologies, Teledyne DALSA, and Advanced Micro Devices

Chief Financial Officer, Executive Vice President

Current

Vincent Retort

Chief Operating Officer, Executive Vice President

Current

Ralph Loura

Chief Information Officer, Senior Vice President

Current

Jason Reinhardt

Chief Commercial Officer, Executive Vice President

Current

Name

Alan S. Lowe

Wajid Ali

Vincent Retort

Ralph Loura

Jason Reinhardt

Work History

Synaptics, Teledyne Technologies, Teledyne DALSA, and Advanced Micro Devices

Title

Chief Executive Officer, President

Chief Financial Officer, Executive Vice President

Chief Operating Officer, Executive Vice President

Chief Information Officer, Senior Vice President

Chief Commercial Officer, Executive Vice President

Status

Current

Current

Current

Current

Current

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