SUNNYVALE, Calif. – August 12, 2010 – Alliance Fiber Optic Products, Inc. (NASDAQ: AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, is pleased to announce that Forbes.com has ranked it among the nation’s “most trustworthy companies” for 2010.
The survey, conducted for Forbes by the Los Angeles-based financial analytics firm Audit Integrity, reviews companies traded on the U.S. exchanges. It identifies companies that have consistently shown transparent and conservative accounting practice and solid corporate governance and management. Fewer than 5% of public companies make Audit Integrity’s Most Trustworthy Companies list.
“It is an honor to be recognized by Forbes and included among their list of distinguished companies”, said AFOP President and CEO Peter Chang.” “Adherence to our core values ensures our long term success. We are especially proud that we have met these standards and been recognized on this list for the past five years.”
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, metropolitan and last mile access segments of the communications network. AFOP’s product line of passive optical components includes interconnect systems, couplers and splitters, thin film DWDM components and modules, fixed and variable 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 the expected availability, features and benefits of AFOP's products, 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, manufacturing difficulties, possibly delays in the release of other products, the impact of competitive products, and other risks detailed from time to time in AFOP's SEC reports, including its Quarterly Report on Form 10-Q for the period ended June 30, 2010. 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.