Stevens alumnus Syrus P. Madavi joins Board of Directors of CoreOptics, Inc.

HOBOKEN, N.J. — CoreOptics Inc., a leading designer and manufacturer of 10/40/100 Gbps optical networking subsystems, today announced that Syrus P. Madavi, a two-time graduate of Stevens Institute of Technology, has joined the company’s Board of Directors.

“We are extremely pleased to have Syrus Madavi join our Board. He brings a unique blend of business and technical leadership in the semi-conductor and optical components industry to our Board of Directors,” said Hamid Arabzadeh, CoreOptics Chairman of the Board, President and CEO. "I am confident that Syrus’ vast market understanding and keen business acumen will be tremendous assets as CoreOptics extends its global reach and enters new markets."

Mr. Madavi’s 30-year career has included terms as Chairman, President and CEO of Burr-Brown Corporation, President and Chief Operating Officer of JDS Uniphase, Senior Vice President of Texas Instruments, President of Raytheon Semiconductor, and Vice President, GM of Honeywell Signal Processing Technology.

Under Mr. Madavi’s leadership as Chairman, President and CEO of Burr-Brown Corporation, a semiconductor company focused on high-performance analog and mixed-signal integrated circuits, the company’s valuation increased significantly and Texas Instruments acquired the company for more than $7 billion. At Texas Instruments, Mr. Madavi was the Senior Vice President of the high performance signal processing business sector. This business, with more than $1 billion revenue, offered power management, analog, mixed-signal, and DSP integrated circuits for the digital consumer, personal computing, and communications markets.

“CoreOptics is an exciting company for me to be part of because of their highly innovative approach of applying high speed intelligent electronics to optical transport. This approach brings unrivaled performance with silicon economics to what was once a technically complex, labor intensive and costly solution when treated solely in the optical domain,” said Mr. Madavi. “They have a world-class engineering team that is highly innovative, coupled with seasoned operations and marketing teams with proven track records to execute and deliver products to support the company’s global business expansion.”

Madavi holds a Bachelor of Science degree in Electrical Engineering and a Master of Science degree in Computer Science, both from Stevens Institute of Technology, and a MBA in Finance from the University of California Los Angeles.

About CoreOptics

CoreOptics, with operations in Nuremberg, Germany, San Jose, California and Manchester, New Hampshire, USA, develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries. CoreOptics current portfolio includes advanced 10Gbps and 40Gbps transponders for Metropolitan, Regional and Long Haul optical systems using DWDM, OTN, SONET/SDH, ATM and IP protocols.

The company was founded in January 2001 and has received financing from leading venture capital firms T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures, Quest for Growth and others. The team includes over 115 highly skilled engineers with extensive experience in RF and digital ASIC design as well as optical systems, applications and network architecture. Additional information about CoreOptics can be found at www.CoreOptics.com

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with a full-time tenured/tenure-track faculty of 140 and more than 200 full-time special faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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