MILPITAS, Calif., Aug. 3, 2015 (GLOBE NEWSWIRE) -- Lumentum Holdings Inc. ("Lumentum") today announced that it completed the spinoff from JDSU and initiated operations as an independent, publicly-traded company on August 1, 2015. Formerly JDSU's Communications and Commercial Optical Product ("CCOP") business segment, Lumentum will commence "regular-way" trading on NASDAQ under the ticker symbol LITE on August 4, 2015.

"We are excited to begin our journey as an independent, publicly-traded company," said Alan Lowe, Lumentum's president and chief executive officer. "With a more focused and agile structure, we believe that we are well positioned to capitalize on the growth opportunities in both the communications and commercial lasers markets. As an established technology and industry leader, we look forward to delivering value to our customers and shareholders."

About Lumentum

Lumentum (NASDAQ:LITE) is a market-leading manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com.