SOURCE: FINISAR CORPORATION

March 26, 2007 16:00 ET

AZNA, LLC Announces Demonstration of 10Gb/s C-Band Tunable Chirp Managed Laser (CML™)

SUNNYVALE, CA -- (MARKET WIRE) -- March 26, 2007 -- AZNA, LLC, the leading supplier of extended reach chirp managed lasers, recently acquired by Finisar Corporation (NASDAQ: FNSR), announced the demonstration of a 10Gb/s full C-band extended reach directly modulated chirp managed laser (CML™) at the Optical Fiber Conference in Anaheim, California, March 27-29, 2007 (booth #1646). The new device will address the simultaneous market needs for wavelength tunability and dispersion tolerance in metro and long haul networks.

Tunable lasers have gained significant traction in metro and long haul networks as they help the economy of inventory management and dynamic provisioning. Simultaneously, with the pressure to upgrade networks from 2.5Gb/s to 10Gb/s the equipment manufacturers seek dispersion tolerant transmission technologies in order to reduce the costs associated with dispersion compensation and additional needed amplification.

"Our customers have praised the performance of our CML™ for offering them superior optical and electrical performance and better cost platform compared to the alternative external modulator technologies," said Parviz Tayebati, former CEO of AZNA. "Adding this new feature of full band tunability to the CML now allows system vendors to also eliminate the DWDM wavelength inventory issue offering optimum flexibility in system design."

This full C-band tunable CML achieves the same performance over the entire C-band as AZNA's current 10Gb/s single wavelength DWDM CML modules. Two modules are announced, for 80km (DM80) and 200km+ (DM200) performance, each supporting 40 ITU channels at 50GHz channel spacing. The DM80 has > 4dBm modulated optical output power and supports 10Gb/s transmission over 120km of fiber without the need for dispersion compensation. The DM200-TC has > 0dBm modulated output power and supports 10Gb/s transmission over 200km of fiber without dispersion compensation. This latest achievement combines the full band tunability with the extended reach, small foot print, and high output power advantages of CML, enabling the deployment of optical networks with the ultimate performance and agility.

ABOUT AZNA, LLC

AZNA, LLC (www.aznallc.com) was founded in September 2002, to develop and supply products incorporating unique technologies for photonic communications applications. Located in Wilmington, MA, the Company was acquired by Finisar Corporation on March 26, 2007.

ABOUT FINISAR

Finisar Corporation (NASDAQ: FNSR) is a technology leader for fiber optic subsystems and network performance test systems. These products enable high-speed data communications for networking and storage applications over Gigabit Ethernet Local Area Networks (LANs), Fibre Channel Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using IP, Fiber Channel, and SONET/SDH-based protocols. The Company's headquarters is in Sunnyvale, California, USA. www.Finisar.com

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding AZNA's or Finisar's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to Finisar as of the date hereof, and AZNA and Finisar assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets; Finisar's historical dependence on sales to a limited number of customers and fluctuations in the mix of customers in any period; ongoing new product development and introduction of new and enhanced products; the challenges of rapid growth followed by periods of contraction; intensive competition and the integration of the acquisitions of AZNA, LLC, and Kodeos Communications, Inc. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's Annual Report on Form 10-K and other reports as filed with the Securities and Exchange Commission.

Contact Information