Source: StreetInsider

Cambridge Industries Group: Lumentum Holdings (LITE) Reports Sale of Certain Optical Transceiver Product Lines to Cambridge Industries Group

Lumentum Holdings Inc. (NASDAQ: LITE) and Cambridge Industries USA, Inc., with its holding company Cambridge Industries Group. ("CIG"), a leading ODM/JDM/EMS supplier for the Information and Communication Technology or ICT industry, today announced they have entered into a strategic agreement and partnership whereby CIG will acquire certain optical transceiver product lines from Lumentum and enter into a long-term strategic supply agreement for Lumentum's photonic chips. The transceiver product lines to be acquired by CIG are developed and manufactured by Lumentum's subsidiary Oclaro Japan, Inc.

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