Cyoptics of Breinigsville was founded in 1999 with the vision of providing core optical technologies to enable bandwidth for high-speed networks. We don’t have to tell you about demand in that sector. Still, as Ben Franklin Technology Partners of Northeastern Pennsylvania noted in awarding CyOptics its 2013 award for entrepreneurial achievement, “The early to mid-2000s were filled with uncertainty in the telecom optoelectronics sector. CyOptics not only survived this difficult time; it thrived by building intellectual property and market share.”
By growing its technology and making a series of acquisitions, CyOptics has grown rapidly and expanded its customer base to over 180 customers worldwide, achieving a compound annual sales growth rate of 36% from 2005 to 2011. In 2012, the company reported $210 million in annual revenue.
CEO Ed J. Coringato, Jr. attributes the growth to “continued expansion of communication networks and infrastructure worldwide and having the differentiated products and technologies that customers want. We enable high speed, small size, and low power consumption, providing the carriers with reduced capital and operating expense.”
CyOptics products are used in equipment manufactured by system original equipment makers and sold to enterprise and telecom carriers for the transport of voice, data and video signals over fiber optics networks. Cyoptics fabricates chips and does high-performance packaging in Breinigsville; its optoelectronic assembly and testing takes place in Mexico.
To insure continued growth, Coringato says CyOptics continues to invest in R&D: “We play heavily today in metropolitan and fiber to the home (access) networks and will continue our expansion into data center and long-haul markets as technologies move from 10Gbits/sec transmission to 100Gbits/sec and beyond.”
And faster will mean bigger still: CyOptics currently employs 326 in the Lehigh Valley and 831 worldwide and anticipates additional job growth.
Source: Ed J. Coringato, Jr., CyOptics
Writer: Elise Vider