Lucent Invests $150M in Irish Optical Network Center

STOCKHOLM (04/12/2000) - Lucent Technologies Inc. today announced plans to build a US$150 million optical networking provisioning center in Dublin, Ireland.

The investment is expected to create 500 new jobs over a three-year period at the planned 200,000-square-foot extension to its existing facility in the Blanchardstown Industrial Park, Lucent said in a statement.

Lucent said it expects the facility to produce some $250 million worth of optical networking systems already during this calendar year, and upon completion in May 2001 annual production value should reach more than $2 billion.

The center will serve Lucent's customers in Europe and the Asia-Pacific region, and the goal is to reduce shipping times from several weeks to only a few days, the company said.

Lucent Technologies, in Murray Hill, New Jersey, can be reached at +1-908-582-5800, or via the Web at http://www.lucent.com/.

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