MAYNARD, Mass., June 06, 2016 (GLOBE NEWSWIRE) — Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that Vincent Roche joined its Board of Directors, effective June 1, 2016. Mr. Roche is the President and Chief Executive Officer and a director of Analog Devices, Inc., a global leader in …
MAYNARD, Mass., June 06, 2016 (GLOBE NEWSWIRE) — Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that Vincent Roche joined its Board of Directors, effective June 1, 2016.
Mr. Roche is the President and Chief Executive Officer and a director of Analog Devices, Inc., a global leader in high-performance semiconductors for signal processing applications. Mr. Roche began his career at Analog Devices in 1988 and has been part of its senior management team since 2001. Mr. Roche earned a Bachelor’s degree in Electrical Engineering from the University of Limerick in Ireland.
“I would like to welcome Vince to the Acacia Board,” stated Eric Swanson, Chairman of Acacia’s Board of Directors. “The addition of Vince further enhances our Board’s ability to guide Acacia’s strategic initiatives through his vast industry and leadership expertise.”
“Vince brings a wealth of industry knowledge and experience, which further enhances the public company leadership capability of our Board and its ability to guide Acacia in driving silicon-based technologies into optical networking,” stated Raj Shanmugaraj, Acacia’s President and Chief Executive Officer. “I welcome Vince to our Board and we are looking forward to working closely with him as Acacia continues to expand its customer base and market penetration in the high-speed networking market.”
About Acacia Communications
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By converting optical interconnect technology to a silicon-based technology, a process Acacia refers to as the “siliconization of optical interconnect,” Acacia is able to offer products that meet the needs of cloud and service provider customers in a simple, open, high-performance form factor that can be easily integrated in a cost-effective manner with existing network equipment. www.acacia-inc.com.
Cautionary Language Concerning Forward-Looking Statements
This press release includes statements concerning Acacia Communications, Inc. and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, our anticipated growth strategies, our expectations regarding competition, the anticipated trends and challenges in our business and the market in which we operate, our expectations regarding, and the stability of our, supply chain and manufacturing, the scope, progress, expansion, and costs of developing and commercializing our products, the size and growth of the potential markets for our products and the ability to serve those markets, regulatory developments in the United States and foreign countries, including under export control laws or regulations that could impede our ability to sell our products to customers in certain foreign jurisdictions, and other risks set forth under the caption “Risk Factors” in our Registration Statement on Form S-1 and Final Prospectus filed with the Securities and Exchange Commission on May 12, 2016 and May 13, 2016, respectively, and our other SEC filings. We assume no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
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