Lumentum Holdings Inc. provides optical and photonic products addressing a range of end markets, including data communications (datacom) and telecommunications (telecom) networking, and industrial and commercial lasers (commercial lasers), for manufacturing, inspection and life-sciences applications. The company’s customers tend to be original equipment manufacturers (OEMs) that incorporate its products into their products which then address end-market applications. The company sells fiber optic components which its network equipment manufacturer (NEM) customers assemble into communications networking systems which they sell to network service providers or enterprises with their own networks. Segments The company operates in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). OpComms segment The company’s OpComms products include a range of components, modules and subsystems to support and maintain customers in its two primary markets: Telecom and Datacom. The Telecom market includes carrier networks for access (local), metro (intracity), long-haul (city-to-city and worldwide) and submarine (undersea) networks. The Datacom market addresses enterprise, cloud and data center applications, including storage-access networks (SANs), local-area networks (LANs) and Ethernet wide-area networks (WANs). These products enable the transmission and transport of video, audio and text data over high-capacity fiber-optic cables. The company maintains positions in the OpComms markets, including reconfigurable optical add/drop multiplexers (ROADMs), tunable 10-gigabit small form-factor pluggable transceivers and tunable small form-factor pluggables. The company’s portfolio of pluggable transceivers supports LAN/SAN needs and the cloud for customers building proprietary data center networks. In the Consumer and Industrial markets, its OpComms products include its light source product which is integrated into 3-D sensing platforms being used in applications for gaming, computing and home entertainment. These systems simplify the way people interact with technology by enabling the use of natural body gestures, like the wave of a hand, to control a product or application. Emerging applications for this technology include in-cabin tracking in cars, self-navigating robotics and drones in industrial applications and 3-D capture of objects coupled with 3-D printing. Customers: The company’s customers include Alcatel-Lucent International; Ciena Corporation; Cisco Systems, Inc.; Coriant GmbH; Fujitsu Network Communications, Inc.; Google Inc.; Huawei Technologies Co. Ltd.; Microsoft Corporation; and Nokia Networks. Competition: The company competes with Finisar Corporation; Fujitsu Optical Components; Furukawa Electric Co., Ltd.; Neophotonics Corporation; Oclaro, Inc.; Oplink Communications, Inc.; and Sumitomo Electric Industries, Ltd. Lasers segment The company’s Lasers products serve its customers in markets and applications such as manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining, such as drilling in printed circuit boards, wafer singulation and solar cell scribing. The company’s Lasers products are used in various OEM applications. OEM applications use its products including diode-pumped solid-state, fiber, diode, direct-diode and gas lasers such as argon-ion and helium-neon lasers. DDiode and direct-diode lasers address applications, including laser pumping, thermal exposure, illumination, ophthalmology, image recording, printing, plastic welding and selective soldering. In 2014, the company acquired Time-Bandwidth Products, Inc., a provider of high-powered and ultrafast lasers for the industrial and scientific markets. Customers: The company’s Lasers customers include Amada Co., Ltd.; ASML Holding N.V.; Beckman Coulter, Inc.; Becton, Dickinson and Company; DISCO Corporation; Electro Scientific Industries, Inc.; EO Technics Co., Ltd.; and KLA-Tencor Corporation. Competition: The company competes with IPG Photonics Corporation; Coherent, Inc.; Rofin-Sinar Technologies Inc.; and Newport Corporation. Strategy The company’s strategy includes the following: enabling its customers through collaborative innovation; maintaining a lean and scalable business; investing in profitable, market-based innovation; and expanding its addressable markets. Research and Development During 2014, the company incurred research and development expenses of $130.2 million. Intellectual Property The company owns approximately 770 U.S. patents and approximately 270 foreign patents, and has approximately 140 patent applications pending throughout the world.
lumentum holdings inc (LU2:Berlin)
400 North McCarthy Boulevard
Milpitas, CA 95035
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