Company Profile

Shanghai Optics Inc

Acquisition of Technology Development Co. Ltd and Trading Update

Acquisition

Shanghai Optics Inc, the specialist manufacturer of optical components and systems, today announces that it has acquired Sincere Technology Development Co. Ltd, (Sincere Technology Development) ,China, based manufacturer of optical design, optics manufacturing and fibre optic components and systems for optical applications, for a total consideration of $0.50 million. The consideration is payable in two tranches with $0.15 million payable in cash on completion and a further $0.35 million on 1st October 2005. Sincere Technology Development will be integrated with the Company existing optical design, optics manufacturing and fibre optic components units, significantly enhancing SO already strong presence in these sectors. Comprising those parts of the business of Sincere Technology Development Co. Ltd. with applications in optical design, optics manufacturing and fibre optic components, the product range of Sincere Technology Development is highly complementary to that of SO. Shanghai Optics is a leading supplier and manufacturer of lenses, mirrors, prisms, filters, and custom-shaped optical components in China,. While Sincere Technology Development has a capability in Optical system design and manufacturing and SO has become active in optical system design and manufacturing in recent years, Sincere Technology Development new office address is at 1266 Gudai Road No 42 Suite 301 and approximately 65 people will transfer with the business, including the senior management team. All of the manufacturing and test equipment and other assets necessary to operate the business at current levels are included with the business.

Trading Update

Bin Zhang, Chief Executive of Shanghai Optics Inc commented:
"The acquisition of Sincere Technology Development consolidates SO global leadership in the field of optical design and provides self-sufficiency in the strategically important optics manufacturing that are central to several of our most exciting new products. In addition to excellent people and top quality products Sincere Technology Development also brings new capabilities in optical design and optics manufacturing to SO that support our ongoing diversification into markets such as Defence, Life Sciences and Telecommunications."

Facility

Our skilled opticians is the key to success in the optical industry. Years of selective employee recruitment have brought together an impressive group of craftsmen and women thoroughly skilled in all areas of the optical trade to assure efficient production and consistently high quality.
Shanghai Optics also employs skilled specialists in glass forming, hand grinding, hand polishing, inspection, and assembly. Highly competent through years of training and experience, these individuals take professional pride in their ability to produce the best quality optical components, which often exceed stated tolerance requirements.

We provide assemblies and sub assemblies that include complex lens systems such as high-resolution objectives for projection, high performance scans lens assemblies, and sub assemblies for lithography inspection. All orders are quality assured with receipt of your order and continues through all processes, especially testing, and on through shipping.
Our success is based upon manufacturing the highest quality optical components while treating both customers and employees with respect. We combine the best of old world dedication and craftsmanship with a commitment to remaining on the leading edge of technical advances.

With trend setting production methods, Shanghai Optics optimizes the process and supports the skills of opticians with the latest in optical technology. Specialized engineers and optical technicians maintain the consistent quality standards from small lots to mass production. Lenses can be milled in 1 to 2 minutes, with typical polishing times from 1 to 5 minutes.
On line testing with interferometers, high intensity light inspection, and microscope inspection is performed during each step of the process. In addition, all optics are going through strict QC procedure to guarantee the absolute quality.

New Facility

This state of the art facility has water purification system, ultrasonic cleaning and vacuum packaging system. All coating, inspection, cleaning and packaging occurs under class 10,000 clean room conditions.
It will greatly improve our precision, speed and productivity to meet the broad range of demanding applications from our clients from semiconductor manufacturing, diagnostic and medical instruments to biomedical instrumentation.

Testimonial

The following represents a small sampling of what our customers are saying about us. We promise to delight you as we have for these folks.

Hello to all:
We were amazed that you were able to save us over 50% of what we paid before, and the lead-time and delivery is excellent too. It's great doing business AND pleasure with you! We hope to continue ordering from you.
Best Regards,
Daniel W.

Fresno, CA

Dear all:
I just received my order and I am very pleased with the quality and the short lead- time. Your company did everything right and fast! I'm happy with your price and service and will not hesitate to order from you again or to recommend you to others. Thank you!!
Linda.

Trenton, NJ

You did a wonderful job on these prisms, the price is great, the service was very prompt, and the shipping charges were only a little more than what we have been paying from Massachusetts!
Thanks,
James.

Alabama

"Thank you so much for your personalized attention. Shanghai Optics helped us sort through market options, encouraged us to organize our approach and reinforced the actions required to reach our production goals. Your effort is greatly appreciated!
Highly recommended!"
Dave Verhulst.

Vancouver, WA

"We recently approached Shanghai Optics with an unusual custom job. Shanghai Optics' engineers quickly determined that it was within its capabilities and accepted the order. Given the challenging nature of the job, one would expect that satisfying the specifications require repeated attempts. What we found was that your first batch was in fact dead on Amazing!"
Robert.

Oklahoma City, OK

"Thanks again for your quick response it's been a real pleasure doing business with you. It has been difficult for us to find an optics company with reasonable prices and services that carries itself in a professional manner. We are really quite impressed with your service!"
Alicia L.

Pennsville, NJ

Hello:
I wanted to take the time to compliment you and your staff on the SUPERB service you have provided for us. I am extremely pleased with your quick response time. We are very happy with the quality of the 200 sets of optics we ordered last month. We hope to continue our working relationship with Shanghai Optics in the future.
Thanks for the great service!
Jeff K.

Enumclaw, WA

If you would like to send us a product testimonial, please send it via email to rfq@shanghai-optics.com