QUEBEC CITY, Feb. 26 /CNW Telbec/ - EXFO Electro-Optical Engineering Inc. (NASDAQ: EXFO, TSX: EXF) announced today that it will officially change its corporate name to "EXFO Inc." on February 28, 2010.
The company opted to change its name for simplicity's sake and branding purposes. Management believes that the name "EXFO Inc." is better suited to the broad range of business activities that the company is currently involved in or may become involved with in the future. As well, the deletion of the words "Electro-Optical Engineering" is deemed appropriate given that the company is no longer solely focused on the needs of installers and operators of fiber-optic networks.
The motion to change the corporate name was passed at the company's Annual and Special Meeting on January 13, 2010 and was thereafter approved by regulatory authorities.
EXFO is a leading provider of test and service assurance solutions for network operators and equipment manufacturers in the global telecommunications industry. The Telecom Division, which accounts for almost 90% of the company's revenues, offers a wide range of innovative solutions to assess optical networks, from the core to access, as well as next-generation IP infrastructures and related triple-play services. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. For more information, visit www.EXFO.com.
SOURCE EXFO Inc.
For further information: For further information: Vance Oliver, Manager, Investor Relations, (418) 683-0913, Ext. 3733, firstname.lastname@example.org