AFOP Announced the Sale of Stock by Its Founder & CEO for the Benefit of the Peter & Mary Chang Foundation
May 02 2014 - 4:03PM
Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP), an innovative
supplier of fiber optic components, subsystems and integrated
modules for the optical network equipment market, today announced
that, on May 1, 2014, its founder and CEO, Peter Chang, sold two
hundred thousand shares of AFOP stock held by The Peter & Mary
Chang Foundation through a 10b5-1 plan. The Peter & Mary Chang
Foundation was established by Peter Chang and his wife, Mary Chang,
to make donations to organizations for religious, charitable,
scientific, or educational purposes.
In addition, the Company is pleased to announce that AFOP was
listed as an IBD50 by Investor's Business Daily, which published an
article on AFOP recently with the title of "From Piece Parts To
Integrated Modules, AFOP Thrives". Please use the following link to
access the article:
http://news.investors.com/management-managing-for-success/042514-698482-ceo-peter-chang-founded-built-afop.htm
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
data center, metropolitan and last mile access segments of the
communications network. AFOP offers a broad product line of passive
optical components including interconnect systems, splitters, thin
film CWDM and DWDM components and modules, and optical attenuators.
AFOP is headquartered in Sunnyvale, California, with manufacturing
and product development capabilities in the United States, Taiwan
and China. AFOP's website is located at http://www.afop.com.
Except for the historical information contained herein, the
matters set forth in this press release, including statements as to
our expectations regarding our business prospects, demand for our
products and sources of demand, and our expectations for growth in
the fiber optic industry, are forward looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, including, but not limited to general economic
conditions and trends, trends in demand for bandwidth, the impact
of competitive products and pricing, timely introduction of new
technologies, timely design acceptance by our customers, the
acceptance of new products and technologies by our customers,
customer demand for our products, the timing of customer orders,
loss of key customers or customer orders, our ability to ramp new
products into volume production, the mix of products sold and
product pricing, the costs associated with running our operations,
industry-wide shifts in supply and demand for optical components
and modules, industry overcapacity and demand for bandwidth, the
success of cost control initiatives, our ability to obtain and
maintain operational efficiencies, financial stability in foreign
markets, and other risks detailed from time to time in our SEC
reports, including AFOP's Annual Report on Form 10-K for the year
ended December 31, 2013. These forward-looking statements speak
only as of the date hereof. AFOP disclaims any intention or
obligation to update or revise any forward-looking statements.
CONTACT: Alliance Fiber Optic Products, Inc.
Keting Lin, IR Associate
408-736-6900 x188
Email: klin@afop.com
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