NeoPhotonics Ranked 25th Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500™

Deloitte announced their list of the last night at an event held at the headquarters of Tesla Motors in Menlo Park, California.

NeoPhotonics Chairman and CEO Tim Jenks credits the company’s continued growth to a broad product portfolio backed by a strong commitment to customer service and funding for ongoing research and development. As a result, the Company has developed strong relationships with the world’s leading manufacturers of telecommunications equipment, including Ciena, Nortel, Huawei and ECI.“We have now made the Deloitte list three years running and I think that is a testament to the hard work of our more than 2000 employees worldwide. We have a leadership position in optical integration and low-cost manufacturing and these strengths will enable us to meet the needs of our customers in the years to come,” said Tim Jenks.

“The Technology Fast 500™ program recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. We congratulate NeoPhotonics on this accomplishment.

Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent. In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement.

NeoPhotonics also received recognition recently from the San Jose Business Journal (SJBJ), who named the Company to its 2009 compilation of the fastest growing private companies in Silicon Valley. The SJBJ's list, based on growth in the three-year period of 2006 – 2008 and announced October 8th at the Computer History Museum in Mountain View, comprised 70 companies representing a wide spectrum of business categories.