Thursday, May 19, 2005

JDS Uniphase to Sell Ottawa Facility

JDS Uniphase agreed to sell its 912,000 square foot Ottawa facility located at 3000 Merivale Road in Ottawa, Canada to construction and management company Minto Developments Inc. Financial terms were not disclosed.

"The Subsystems Product Group at our Ottawa facility develops our
company's most highly integrated communications products," said Kevin Kennedy, president and chief executive officer of JDS Uniphase. "The sale of the property is a positive step in our transformation strategy for right-sizing the assets of our company."

The team will be relocated in the Ottawa area.

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