March 10, 2014
OE Solutions Announces Successful Initial Public Offering
By OE Solutions
San Francisco, California
March 10, 2014:
OE Solutions Co, Ltd., a global supplier of high performance optoelectronic transceiver solutions,
announces of its successful initial public offering on February 27th, 2014. In connection with the
offering, the Company raised US $7.7M by offering 777,000 new shares through KOSDAQ (Korea
Securities Dealers Automated Quotation) at 10,000 Korean won per share, equivalent to about US $10.
“We are happy that we have achieved the first milestone in the company’s journey,” said Dr.Y.K. Park,
CEO at OE Solutions. “I would like to thank all our shareholders, customers, partners and employees.
We will further accelerate the company’s growth by injecting the proceeds from this IPO towards
more R&D activities as well as manufacturing expansion.”
Former Bell Labs engineers and former Samsung Electronics engineers founded the company in
South Korea in August 2003. After building the company’s foundation, the company has grown at a
35% CAGR since 2008 along with increase in profitability. Revenue in 2013 totaled approximately US
$60M. Company supplies to the majority of the top tier network equipment manufacturers. As of
March 8th, 2014, the total market capitalization of the company was nearly US$85M.
OE Solutions specializes in single-fiber transceivers that have been methodically design to withstand
industrial temperature range. OE Solutions is the frontrunner in the single-fiber transceiver space
that plays a key role in mobile broadband networks. In recent years the company has also emerged
as the leader in the intelligent transceiver market by introducing Smart SFP, an MSA form factor
transceiver with integrated “intelligence” for various system functions in layer 2 and above.
OE Solutions will exhibit at the OFC 2014 in San Francisco, March 11-13, 2014 (booth #2213).
About OE Solutions
OE Solutions is a leading supplier of opto-electronic transceiver solutions for both broadband
wireless and wireline markets. The company specializes in Single-fiber and WDM solutions over
Industrial Temperature along with the latest Smart SFP solutions. Founded in 2003, OE Solutions has
grown over the last decade as one of the key suppliers to many systems equipment manufacturers
worldwide. The company has its headquarters in Gwangju Photonics Industry Cluster, South Korea.
OE Solutions has global locations in North America, Europe and Asia for better customer support.
More information about OE Solutions, please visit www.oesolution.com.