JDSU of Milpitas, CA, USA says that it continues to expect to spin off its communications and commercial optical products (CCOP) business into the separate, publicly traded company Lumentum Holdings Inc in third-quarter 2015.
Existing filings with the US Securities and Exchange Commission (SEC) indicate a distribution date of 26 July. JDSU is continuing the customary regulatory process, and is targeting a revised separation date in August. JDSU will confirm definitive separation, record and distribution dates once the regulatory process is completed.
Lumentum will specialize in optical components and subsystems for the telecoms market, with high-growth opportunities in data communications, driven by the rapid expansion of cloud networking and data-center infrastructure, and in high-performance lasers for both macro and micro materials processing applications. Lumentum will also focus on growing its 3D sensing and commercial lasers business and expanding into other market segments that can benefit from optical and laser technologies.
