|By Marketwire .||
|September 19, 2012 02:00 AM EDT||
MILPITAS, CA -- (Marketwire) -- 09/19/12 -- JDSU (NASDAQ: JDSU) (TSX: JDU) today announced an agreement to sell its holographic security business to OpSec Security, Inc. The transaction is expected to close early in JDSU's second quarter ending December 31, 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 primarily addresses the transaction card market segment and generates revenue of approximately $5 million per quarter.
"The transaction advances JDSU's strategy for driving profitable growth across our core business segments," said Tom Waechter, JDSU's president and CEO. "It allows JDSU to focus investment on innovation in our core anti-counterfeiting markets and places this product line and the employees who support it with a company committed to hologram-based security for credit cards and other applications."
OpSec is headquartered in the United Kingdom and operates product development, manufacturing and sales offices in the U.S. and around the world. OpSec is strategically committed to the transaction card market segment and plans to offer employment to the approximately 75 JDSU employees associated with the business in Robbinsville, New Jersey.
JDSU (NASDAQ: JDSU) (TSX: JDU) innovates and collaborates with customers to build and operate the highest-performing and highest-value networks in the world. Our diverse technology portfolio also fights counterfeiting and enables high-powered commercial lasers for a range of applications. Learn more about JDSU at www.jdsu.com and follow us on JDSU Perspectives, Twitter, Facebook and YouTube.