Date Announced: 15 Oct 2012
Previously announced deal is completed.
MILPITAS, CA--(Marketwire - Oct 15, 2012) - JDSU ( NASDAQ : JDSU ) ( TSX : JDU ) today announced that it has completed the sale of its holographic security business to OpSec Security, Inc. JDSU announced its agreement with OpSec on September 19, 2012.
JDSU is strategically focused on serving the anti-counterfeiting market primarily through advanced security pigments, thread substrates and printed features for the currency, pharmaceutical and consumer electronic segments. The holographic security product line acquired by OpSec primarily addresses the transaction card market segment and generates revenue of approximately $5 million per quarter.
Accordingly, the revenue and operating results from the holographic security product line for JDSU's fiscal quarter ended September 29, 2012 will be categorized as discontinued operations, and not included in JDSU's quarterly results from continuing operations for the quarter ended September 29, 2012 when JDSU's operating results for the fiscal quarter are released.
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