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Finisar Delivers Enhanced WaveShaper Programmable Optical Processors for Optical R&D and Test Applications

New WaveShaper S-Series Provides World's Most Flexible Programmable Optical Filtering and Wavelength Selection Switching Capabilities for DWDM and Other Optical Applications

SUNNYVALE, CA -- (Marketwire) -- 09/14/09 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components for communication applications, today introduced the new WaveShaper S-Series extending the flexibility and performance of its family of Programmable Optical Processors. These enhanced optical processors provide advanced arbitrary filter generation and switching capabilities to simplify and increase the precision of optical system development and production test. They are well-suited for telecom equipment and systems manufacturers, R&D laboratories, and universities.

WaveShaper optical processors offer the ideal tool for DWDM system and component testing, optical pulse shaping and control, and high-speed optical research and development. The new WaveShaper S-Series extends this already powerful platform with:

--  Enhancements to the Liquid Crystal on Silicon (LCoS) optical engine to
    provide even higher optical resolution for improved control of filter shape
    and dispersion;
--  New software, including drivers for LabVIEW and Linux, to simplify
    integration of the WaveShaper into complex test systems;
--  Smaller form factor to free up valuable space within test systems.
    

"With the new S-Series, Finisar continues to demonstrate its leadership in optical filtering and Wavelength Selective Switch technology," said Simon Poole, Director of New Business Ventures for Finisar. "By leveraging our extensive optical expertise, we have again delivered unmatched control, precision, and flexibility to our customers."

The WaveShaper is the only fully programmable Optical Filter and Wavelength Selective Switch available on the market. Its unique ability to control both the amplitude and phase characteristics of filters and switches not only simplifies testing of high-speed optical systems and subsystems at 40 and 100 Gb/s, but also makes possible research and development in entirely new areas. For example, with the WaveShaper, researchers are able to perform Optical Fourier Domain Waveform Manipulation as required for femtosecond laser pulse generation.

"The WaveShaper has a unique capability to generate optical transfer functions with arbitrary amplitude and phase," said Professor Ben Eggleton, at the University of Sydney. "The ability to easily and precisely implement Optical Fourier Domain Waveform transformations has opened up whole new areas of optical communications research based on the WaveShaper's precise control of pulse shape and timing."

The new WaveShaper 1000S and WaveShaper 4000S are available now. Finisar will demonstrate both enhanced WaveShaper S-Series Programmable Optical Processors next week in booth #640 at ECOC in Vienna.

About Finisar

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for networking, storage, wireless, and cable TV applications. For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements included in this press release are based upon information available to Finisar as of the date hereof, and Finisar assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those projected. Examples of such risks include those associated with: the uncertainty of customer demand for Finisar's products; the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets; Finisar's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; ongoing new product development and introduction of new and enhanced products; the challenges of rapid growth followed by periods of contraction; and intensive competition. Additional risks include the potential impact of pending civil litigation arising from the investigation of Finisar's historical option granting practices. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's annual report on Form 10-K (filed July 9, 2009).

MEDIA CONTACT:
Victoria McDonald
Finisar Corporation
(408) 542-4261
[email protected]

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