Tektronix Announces Sale of Select Optical Test Products To Digital Lightwave

11/1/2002 - Tektronix announced it has signed an agreement to sell a family of products and certain other related assets within its optical test portfolio to Digital Lightwave®, a leading provider of networking solutions.

Under terms of the agreement, Tektronix will sell its optical transmission test (OTS) product family (OTS9000, OTS9010, OTS9040, OTS9100 Series, OTS9200 Series and OTS9300 Series) for $10 million in cash and transfer the lease on its manufacturing facility based in Chelmsford, Mass. With the sale of the OTS Product Family, Tektronix is strategically aligning its resources and refining its optical strategy to best meet the needs of its customers, specifically in research and development applications for the optical test market.

About Digital Lightwave
Digital Lightwave, Inc. provides the global communications networking industry with products, technology and services that enable the efficient development, deployment and management of high-performance networks. Digital Lightwave's customers--companies that deploy networks, develop networking equipment and manage networks — rely on its offerings to optimize network performance and ensure service reliability.

About Tektronix
Tektronix, Inc. is a test, measurement, and monitoring company providing measurement solutions to the communications, computer, and semiconductor industries worldwide. With more than 55 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in more than 20 countries worldwide.

Tektronix is a registered trademark of Tektronix, Inc.

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