United States
Agilent Technologies Completes Acquisition of Adaptif Photonics
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SANTA CLARA, Calif., June 12, 2007 Agilent Technologies Inc. (NYSE: A) today announced it has completed the acquisition of Adaptif Photonics GmbH. Adaptif brings to Agilent key technology and products used for advanced polarization analysis and control for the test of optical components and systems in telecommunications, as well as in the sensors and laser market. The majority of Adaptif's employees have joined Agilent. Financial details were not disclosed. Agilent announced it had signed a definitive agreement to acquire Adaptif on May 30, 2007. The combined technology and capabilities of both companies expands Agilent's leadership in optical polarization test, allowing Agilent to offer a full range of electrical and optical test equipment for high-speed broadband network designs. About Agilent Technologies Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.0 billion in fiscal year 2006. Information about Agilent is available on the Web at www.agilent.com. Forward-Looking Statements This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Adaptif Photonics' technologies, technological expertise and its enhancement of our product portfolio, information regarding the contribution Adaptif Photonics would make to Agilent's ability to address customer demands, and the ability of Agilent to provide improved products, services and support to its customers. These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, risks associated with the ability to effectuate the acquisition on a timely basis, risks associated with changes in demand for Agilent's and Adaptif Photonics' products and risks associated with the development generally of Agilent's overall strategic objectives. In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles while it continues to implement cost reductions; the ability to meet and achieve the benefits of its cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross margin pressures; the risk that our cost-cutting initiatives will impair our ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties on our operations, our markets and our ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix; and other risks detailed in Agilent's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the period ended October 31, 2006, and our Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2007. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement. # # # Contact: Michele Drake, Agilent Corporate Janet Smith, Agilent |