New Jersey headquartered Opnext, Inc., has finally completed the acquisition of privately held StrataLight Communications, Inc. after the close of business on January 9,
2009.

Opnext, Inc., together with its subsidiaries, engages in the design, development, manufacture, and distribution of optical modules and components that transmit and receive data delivered via light in telecommunications and data communications applications.

Under the terms of the buyout agreement which were previously announced on July 9, 2008, Opnext has acquired all the capital stock of StrataLight.

StrataLight stakeholders gets 26,545,455 shares of Opnext common stock and $30,000,000 in cash. The former StrataLight shareholders own approximately 29 percent of the outstanding capital stock of Opnext.