November 3, 2008: NeoPhotonics has been named the 4th ranked firm in Deloitte’s “Technology Fast 50″ for Silicon Valley, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings for Deloitte’s Fast 50 list are based on the percentage revenue growth over five years from 2003-2007.
NeoPhotonics is a developer of photonic integrated circuit-based components for telecommunications networks, which include active semiconductor, passive PLC, and MEMS multi-dimensional switching functions in a single product.
NeoPhotonics chairman and CEO Tim Jenks attributes the company’s strong performance in recent years to deepening relationships with the world’s leading manufacturers of telecommunications equipment, including Ciena, ECI Telecom, and Huawei. In addition, the company’s advanced technology platforms and product designs for access, metro and long-haul network applications have the company positioned well for the future.
“Over the last five years we have made significant inroads with tier one customers around the world with multiple products based on our leadership position in optical integration and low-cost manufacturing,” said Jenks, in a statement. “Despite the current economic uncertainty, overall signs are encouraging for continued growth and the skill sets that help us to achieve recognition such as this — innovation, research and the dedication of more than 2000 employees worldwide — will see us through.”
NeoPhotonics revenues soared 15,159% from 2003 to 2007, placing the company fourth in the Internet, Media & Entertainment and Communication category of the 2008 Technology Fast 50 for Silicon Valley. According to Deloitte, the average increase in revenues among companies who made the Technology Fast 50 was 3,242%.