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NeoPhotonics Announces Initiatives to Align Cost Structure and Provides Preliminary Third Quarter Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE: NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced preliminary results for the third quarter 2020. These preliminary results incorporate changes made by NeoPhotonics to better align its infrastructure and more efficiently manage its cost structure. As previously announced, the Company has adopted a conservative approach to exclude future contributions from Huawei in its Outlook, following the August 17th tightening of Department of Commerce BIS restrictions.