MAYNARD, Mass., April 16, 2018 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that it is aware of the recent announcement that the U.S. Department of Commerce by order, effective immediately, is banning American companies from selling, exporting or re-exporting components, software and technology to Chinese telecom equipment maker ZTE Corporation as a result of ZTE’s actions in connection with a previous settlement regarding sanctions violations. Acacia is taking steps to suspend affected transactions and is assessing the impact of these developments on Acacia.
About Acacia Communications
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By leveraging silicon technology to build optical interconnects, a process Acacia Communications refers to as the “siliconization of optical interconnect,” Acacia Communications is able to offer products at higher speeds and density with lower power consumption, that meet the needs of cloud and service providers and can be easily integrated in a cost-effective manner with existing network equipment. www.acacia-inc.com.
SOURCE Acacia Communications, Inc.
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