MEMSCAP acquires Optogone

Oct. 22, 2004 – MEMSCAP SA (News, Web) has signed an agreement to acquire Optogone, a France-based firm that develops liquid crystal-based technology for optical networking.

Bernin, France-based MEMSCAP, which trades on Euronext, said in a written release it is acquiring the Brittany-based Optogone for $4.8 million by issuing nearly 13-million common shares upon closing. MEMSCAP could issue 3-million additional shares if Optogone achieves certain revenue targets during the next two years. The acquisition is subject to shareholder and regulatory review.

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