Applied Optoelectronics Inc.
Applied Optoelectronics Subsidiary Prime World Signs 15-Year Lease Agreement in New Taipei City
Summary
Applied Optoelectronics, Inc.'s subsidiary, Prime World International Holdings Ltd., has entered into a 15-year lease agreement for approximately 3,537 square meters of land and a building in the Gong 2nd Section of Linkou District, New Taipei City, Taiwan. The lease, effective December 1, 2024, includes a two-month renovation period and escalating monthly rent from NTD 1,300,000 to NTD 1,463,161 by 2039. The Lease Agreement grants Prime World various rights, including the right of first refusal to purchase the property and to renew the lease. The full text of the Lease Agreement is attached as Exhibit 10.1.
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Exhibits (1)
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About Applied Optoelectronics Inc.
Applied Optoelectronics Inc. is a prominent developer and manufacturer of optical communications products. The primary function of the company is to supply advanced optical components, modules, and equipment that are essential for high-speed communication networks. Applied Optoelectronics serves several key industries, including internet data centers, broadband service providers, and telecommunications. Their product offerings are critical in supporting increased data transmission rates demanded by these sectors. Noteworthy features of this company include its focus on vertically integrated manufacturing processes, which allow for greater control over production quality and cost. It extensively employs its semiconductor technology to produce lasers, detectors, and transceiver modules. This integration is vital for delivering cost-effective and reliable solutions that are foundational to the infrastructure of modern data communication systems. In the financial market, Applied Optoelectronics Inc. holds a significant role due to its contribution to the increasing demand for fast and efficient data services. As technology continues to advance and data consumption grows, the products offered by Applied Optoelectronics are essential for supporting global communication networks, thereby underscoring its importance in the optical networking industry.
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