SOURCE: Bookham, Inc.

September 13, 2005 16:01 ET

Bookham Receives $15.5 Million From Sale of Vacant Land

SAN JOSE, CA -- (MARKET WIRE) -- September 13, 2005 -- Bookham, Inc. (NASDAQ: BKHM), a leading provider of optical components, modules and subsystems, announced today that it has completed the sale of vacant land located in Wiltshire, United Kingdom, to Abbeymeads LLP resulting in proceeds of £8,500,000 (approximately US $15,500,000).

"This transaction is another step in Bookham's continuing execution of its financing plan," said Dr. Giorgio Anania, president and chief executive officer of Bookham, Inc. "The proceeds from this land sale will strengthen our balance sheet and provide us with additional working capital to grow our business."

The Form 8-K describing the transaction can be accessed in the SEC Filings section on Bookham's website at: http://investor.bookham.com

About Bookham

Bookham, Inc. (NASDAQ: BKHM) designs, manufactures and markets optical components, modules and subsystems. The company's optical components, modules and subsystems are used in various applications and industries, including telecommunications, data communications, aerospace, industrial and military. The Company has manufacturing facilities in the UK, US, China and Switzerland; and offices in the US, UK, Canada, China, France and Italy, and employs approximately 2,000 people worldwide. More information on Bookham, Inc. is available at www.bookham.com.

Bookham is a registered trademark and all other Bookham product names and slogans are trademarks or registered trademarks of Bookham in the U.S.A. or other countries.

Safe Harbor Statement

Any statements in this announcement about the future expectations, plans or prospects of Bookham, including statements containing the words "believe," "plan," "anticipate," "expect," "estimate," "will" and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including factors described in Bookham's 10-K for the fiscal year ended July 2, 2005. These include continued demand for optical components, transfer of test and assembly operations to China, no further degradation in the $/£ exchange rate and the continued ability of the Company to maintain requisite financial resources. The forward-looking statements included in this announcement represent Bookham's view as of the date of this release. Bookham anticipates that subsequent events and developments may cause Bookham's views to change. However, Bookham disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document. Those forward-looking statements should not be relied upon as representing Bookham's views as of any date subsequent to the date of this announcement.

Contact Information

  • Contact Info:
    Jim Fanucchi
    Summit IR Group Inc.
    (408) 404-5400
    Email Contact

    Bookham, Inc.
    Steve Abely
    Chief Financial Officer
    (408) 383-1400