Optical Cable Corporation Merges SMP Data Communications Subsidiary
11 Novembro 2009 - 10:50PM
PR Newswire (US)
OCC Goes to Market Under One Brand ROANOKE, Va., Nov. 11
/PRNewswire-FirstCall/ -- Optical Cable Corporation (Nasdaq GM:
OCCF) ("OCC") today announced that SMP Data Communications, also
known as Superior Modular Products Incorporated and a wholly owned
subsidiary of OCC, has been merged into OCC -- creating one company
named Optical Cable Corporation. OCC acquired SMP Data
Communications on May 30, 2008. The acquisition brought together a
leading designer, innovator and manufacturer of fiber optic cable
and an internationally respected innovator in copper and fiber
optic connectivity products, enabling OCC to offer integrated fiber
optic and copper data communications cabling and connectivity
solutions to customers. OCC has been consolidating product
offerings of both companies since August 2009 and now offers its
comprehensive line of fiber optic and copper datacom cabling,
connectivity, and related accessories under one brand -- Optical
Cable Corporation, or simply OCC. The merger announced today is
consistent with OCC's one-brand strategy, as well as OCC's
continued integration of the functional teams of the two companies.
"OCC's acquisition of SMP Data Communications in 2008 brought
together the products, innovation and technologies to meet the
needs of our customers, and the transaction was a key step toward
making our long-term strategic vision for OCC a reality," said Neil
Wilkin, President and Chief Executive Officer of Optical Cable
Corporation. "OCC, now under a single brand, is a one-stop provider
of fiber optic and copper cabling and connectivity products to the
enterprise market, offering an integrated suite of high quality
cabling and connectivity solutions to our customers," said Michael
Newman, Vice President of International Sales and Global Marketing.
The merger of SMP Data Communications into Optical Cable
Corporation was effective on October 31, 2009, by filings in the
State of Delaware and the Commonwealth of Virginia. About Optical
Cable Corporation Optical Cable Corporation is a leading
manufacturer of a broad range of fiber optic and copper data
communications cabling and connectivity solutions primarily for the
enterprise market, offering an integrated suite of high quality,
warranted products which operate as a system solution or seamlessly
integrate with other providers' offerings. OCC's product offerings
include designs for uses ranging from commercial, enterprise
network, datacenter, residential and campus installations to
customized products for specialty applications and harsh
environments, including military, industrial, mining and broadcast
applications. OCC products include fiber optic and copper cabling,
fiber optic and copper connectors, specialty fiber optic and copper
connectors, fiber optic and copper patch cords, racks, cabinets,
datacom enclosures, patch panels, face plates, multi-media boxes,
and other cable and connectivity management accessories, and are
designed to meet the most demanding needs of end-users, delivering
a high degree of reliability and outstanding performance
characteristics. OCC is internationally recognized for pioneering
the design and production of fiber optic cables for the most
demanding military field applications, as well as of fiber optic
cables suitable for both indoor and outdoor use, and creating a
broad product offering built on the evolution of these fundamental
technologies. OCC also is internationally recognized for its role
in establishing copper connectivity data communications standards,
through its innovative and patented technologies. Founded in 1983,
OCC is headquartered in Roanoke, Virginia with offices and
manufacturing and warehouse facilities located both in Roanoke,
Virginia and near Asheville, North Carolina. OCC primarily
manufactures its high quality fiber optic cables at its ISO
9001:2008 registered and MIL-STD-790F certified facility located in
Roanoke, Virginia and its high quality commercial connectivity
products at its ISO 9001:2000 registered facility located near
Asheville, North Carolina. Further information about OCC is
available on the Internet at http://www.occfiber.com/. Optical
Cable Corporation, OCC, Superior Modular Products, SMP Data
Communications, and the associated logos are trademarks of Optical
Cable Corporation. FORWARD-LOOKING INFORMATION This news release by
Optical Cable Corporation and its subsidiaries (collectively, the
"Company" or "OCC") may contain certain forward-looking information
within the meaning of the federal securities laws. The
forward-looking information may include, among other information,
(i) statements concerning the Company's outlook for the future,
(ii) statements of belief, anticipation or expectation, (iii)
future plans, strategies or anticipated events, and (iv) similar
information and statements concerning matters that are not
historical facts. Such forwardlooking information is subject to
variables, uncertainties, contingencies and risks that may cause
actual events to differ materially from the Company's expectations.
Additionally, such variables, uncertainties, contingencies and
risks may adversely affect the Company and the Company's future
results of operation and future financial condition. Factors that
could cause or contribute to such differences from the Company's
expectations or could adversely affect the Company, include, but
are not limited to: the level of sales to key customers, including
distributors; timing of certain projects and purchases by key
customers; the economic conditions affecting network service
providers; corporate and/or government spending on information
technology; actions by competitors; fluctuations in the price of
raw materials (including optical fiber, copper, gold and other
precious metals, and plastics and other materials affected by
petroleum product pricing); fluctuations in transportation costs;
the Company's dependence on customized equipment for the
manufacture of its products and a limited number of production
facilities; the Company's ability to protect its proprietary
manufacturing technology; the Company's ability to replace royalty
income as existing patented and licensed products expire by
developing and licensing new products; market conditions
influencing prices or pricing; the Company's dependence on a
limited number of suppliers; the loss of or conflict with one or
more key suppliers or customers; an adverse outcome in litigation,
claims and other actions, and potential litigation, claims and
other actions against the Company; an adverse outcome in regulatory
reviews and audits and potential regulatory reviews and audits;
adverse changes in state tax laws and/or positions taken by state
taxing authorities affecting the Company; technological changes and
introductions of new competing products; changes in end-user
preferences for competing technologies, relative to the Company's
product offering; economic conditions that affect the
telecommunications sector, certain technology sectors or the
economy as a whole; changes in demand of our products from certain
competitors for which we provide private label connectivity
products; terrorist attacks or acts of war, and any current or
potential future military conflicts; changes in the level of
military spending by the United States government; ability to
retain key personnel; inability to recruit needed personnel; poor
labor relations; the inability to successfully integrate the
operations of the Company's new subsidiaries; the impact of changes
in accounting policies, including those by the Securities and
Exchange Commission and the Public Company Accounting Oversight
Board; the Company's ability to continue to successfully comply
with, and the cost of compliance with, the provisions of Section
404 of the Sarbanes-Oxley Act of 2002 or any revisions to that act
which apply to the Company; the impact of changes and potential
changes in federal laws and regulations adversely affecting our
business and/or which result in increases in our direct and
indirect costs as we comply with such laws and regulations; impact
of future consolidation among competitors and/or among customers
adversely affecting the Company's position with its customers
and/or its market position; actions by customers adversely
affecting the Company in reaction to the expansion of its product
offering in any manner, including, but not limited to, by offering
products that compete with its customers, and/or by entering into
alliances with, making investments in or with, and/or acquiring
parties that compete with and/or have conflicts with customers of
the Company; impact of weather or natural disasters in the areas of
the world in which the Company operates and markets its products;
economic downturns and/or changes in market demand, exchange rates,
productivity, or market and economic conditions in the areas of the
world in which the Company operates and markets its products, and
the Company's success in managing the risks involved in the
foregoing. The Company cautions readers that the foregoing list of
important factors is not exclusive and the Company incorporates by
reference those factors included in current reports on Form 8K, in
the annual report on Form 10K for the fiscal year ended October 31,
2008, and/or in the Company's other filings. AT THE COMPANY: Neil
Wilkin Tracy Smith President & CEO Senior Vice President &
CFO (540) 265-0690 (540) 265-0690 Bill Reynolds Michael Newman
Senior Vice President of Sales-USA Vice President of International
(540) 265-0690 Sales and Global Marketing (540) 265-0690 AT JOELE
FRANK, WILKINSON BRIMMER KATCHER: Andrew Siegel Aaron Palash (212)
355-4449 ext. 127 (212) 355-4449 ext. 103 DATASOURCE: Optical Cable
Corporation CONTACT: Neil Wilkin, President & CEO,
+1-540-265-0690, , or Tracy Smith, Senior Vice President & CFO,
+1-540-265-0690, , or Bill Reynolds, Senior Vice President of Sales
-- USA, +1-540-265-0690, ; or Michael Newman, Vice President of
International Sales and Global Marketing, or +1-540-265-0690, , all
of Optical Cable Corporation; or Andrew Siegel, +1-212-355-4449
ext. 127, , or Aaron Palash, or +1-212-355-4449 ext. 103, , for
Optical Cable Corporation Web Site: http://www.occfiber.com/
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