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LITE Lumentum Holdings Inc

89.35
3.75 (4.38%)
04 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lumentum Holdings Inc NASDAQ:LITE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.75 4.38% 89.35 80.60 100.00 89.61 86.28 86.8128 1,489,125 05:00:15

Lumentum TrueFlex® WSS Wins 2024 Pipeline Award for Innovation in Network Technology

19/11/2024 2:00pm

Business Wire


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Breakthrough Optical Solution Recognized for Transforming Network Technology with Additional Honors in Network Transformation and Management

Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its TrueFlex® Contentionless Twin 16x24 Wavelength Selective Switch (WSS) has won the 2024 Pipeline Innovation Award for Innovation in Network Technology. Lumentum also earned runner-up honors in the categories of Innovation in Network Transformation and Innovation in Network Management.

The TrueFlex Contentionless Twin 16x24 WSS is designed for modern colorless, directionless, contentionless (CDC) reconfigurable optical add-drop multiplexer (ROADM) networks, offering enhanced scalability with additional add/drop ports, superior signal quality through advanced wavelength filtering, and a cost-effective structure that eliminates the need for costly erbium-doped fiber amplifier arrays. By addressing traditional splitting losses and reducing out-of-band noise, the WSS optimizes performance for high-degree nodes and multi-rail applications. Available in both 16x24 and 8x26 configurations, it is suited to meet diverse network needs in CDC ROADM applications.

For over a decade, the annual Pipeline Innovation Awards have set the standard for excellence, celebrating groundbreaking advancements in telecommunications and data networking. Each year, the program receives hundreds of nominations, narrowed down to a select group of semi-finalists competing across more than 30 categories of technical innovation. Each submission undergoes rigorous evaluation, scored on over 20 technical criteria by a panel of industry experts.

This year’s panel—which included technology executives and analysts from leading global service providers such as AT&T, Bell Canada, Colt, Deutsche Telekom, Lumen, and T-Mobile, alongside experts from ACG Research, Analysys Mason, and Telecom Innovation Council—evaluated the finalists and selected Lumentum’s TrueFlex WSS as a standout in network technology innovation.

“Lumentum’s TrueFlex technology demonstrates our commitment to advancing optical networking with innovations that help service providers meet growing bandwidth demands while enhancing network agility and efficiency,” said Wupen Yuen, Lumentum’s president of cloud and networking. “Receiving the Pipeline Innovation Award affirms our dedication to creating transformative solutions for today’s connectivity challenges.”

"The Pipeline Innovation Awards represent the industry’s most rigorous evaluation and validation of technical innovation," said Pipeline’s Managing Editor, Scott St. John. "We congratulate Lumentum for their achievements in network technology at the 2024 Pipeline Innovation Awards and commend their contributions to advancing technology, innovation, and global connectivity.”

The Pipeline Innovation Awards are open for nominations from technology companies, their agents, customers, and suppliers. Select companies are also nominated directly by Pipeline each year.

About Lumentum

Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications, including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California, with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, X, Facebook, Instagram, and YouTube.

About Pipeline magazine:

Pipeline is the world’s leading global publication that distributes rich multimedia content and produces programs, content, events, and activities that help service providers and enterprises make informed technology decisions. Pipeline has become the epicenter of industry and technical innovation, reaches hundreds of thousands of technology decision makers around the world, and is read by every major operator and enterprise in more than 200 countries. Pipeline is also read by premier global organization spanning the world’s top analysts, financial institutions, government agencies, standards development organizations, and universities. Through its rich content, engaging programs, global platform, and worldwide distribution Pipeline connects the world’s leading technical innovators with those that leverage advanced technology to accelerate and transform the way we connect as a global society. For the latest content, go visit www.pipelinepub.com and subscribe to Pipeline today.

Lumentum Contact Information: Investors: Kathy Ta, 408-750-3853; investor.relations@lumentum.com Media: Noël Bilodeau, 408-439-2140, media@lumentum.com

Pipeline Contact Information: Media: Scott St. John, Managing Editor, +1 (734) 707-4988 x100; scott@pipelinepub.com

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