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New Elite eyes funding for R&D

Posted: 16 Mar 2004 ?? ?Print Version ?Bookmark and Share

Keywords:ez conn? micro systems? fiber-optic component?

EZ Conn Corp. has acquired Micro Systems' share in fiber-optic component maker New Elite Technologies Inc., according to New Elite CEO Robert Shih.

Shih adds the company has no plans to boost its capacity this year. "We are not running at full capacity yet. However, we have plans to increase our paid-in capital for product development," he said.

According to Shih, the company's projected revenue this year is NT$400 million ($12.004 million at NT$33.32: $1), up 33 percent from last year. He added, "This is because the fiber optic industry has been booming since the second half of last year. The demand for our receivers, transmitters and EDFAs has been increasing since then."

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