At a ribbon cutting ceremony today, San José Mayor Chuck Reed and Harmonic Inc. (NASDAQ: HLIT) President and CEO Patrick Harshman will celebrate Harmonic’s upcoming corporate headquarters relocation to San José in August 2010. Mayor Reed, Dr. Harshman, and other representatives from the City of San José, the San José-Silicon Valley Chamber of Commerce and Harmonic will participate in the 11:00 a.m. ceremony at the new facility located at 4300 North First Street.
Harmonic, a leading provider of video delivery solutions for video service operators worldwide, is moving from its current location in Sunnyvale, California to an 188,000 square foot facility to provide an outstanding work environment for its employees and to gain significant cost savings and business efficiencies. The company employs approximately 475 people in its Silicon Valley headquarters, and an additional 375 employees in locations around the world.
The building will accommodate Harmonic’s headquarters operations as well as a research and development center for its ground-breaking video delivery technologies. Exterior and interior construction and upgrades to the building will begin this month.
“The City of San José is pleased to welcome Harmonic to its new corporate headquarters facility,” said San José Mayor Chuck Reed. “As the capital of Silicon Valley and the world center of innovation, San José is committed to working at the speed of business, providing an outstanding environment for business and technology. We are delighted to see this shell turned into a vibrant corporate headquarters, anchoring a growing cluster of video-delivery technology companies located in North San Jose. We look forward to seeing Harmonic continue to grow and thrive in San José.”
“Harmonic has been located in Silicon Valley, an area home to a number of companies developing video technologies, since the company’s founding in 1988. We are excited about the move to our new San José facility, which will consolidate our local operations into a single building and provides the opportunity for us to design new labs and corporate offices,” said Patrick Harshman, President and CEO of Harmonic Inc. “The new San José location is convenient to many of our employees and also importantly offers ease of access to public transportation and major transportation corridors.”
About the City of San José
From its founding in 1777 as California’s first city, San José has been a leader, driven by its spirit of innovation. Today, San José stands as the largest city in Northern California and the Capital of Silicon Valley—the world’s leading center of innovation. The city, the 10th largest in the U.S., is committed to remaining a top-ranked place to do business, work, live, play and learn. For more information, visit, www.sanJoséca.gov.
About the City of San José’s Office of Economic Development
The San José Office of Economic Development works to build a vital, competitive San José economy that increases prosperity for people and companies and enhances city revenues. The office guides the City’s economic strategy, coordinates efforts for 5 companies to locate and grow in San José, provides assistance for business success, helps connect employers with trained workers, and provides art, sporting and cultural resources to our community. For more information, visit, www.sjeconomy.com.
About Harmonic Inc.
Harmonic Inc. is redefining video delivery with the industry’s most powerful solutions for delivering live and on-demand video to TVs, PCs and mobile devices. Harmonic’s technical innovation and market leadership enable the company to offer a unique and comprehensive solution portfolio—including encoding, transcoding, content preparation, stream processing, asset management, edge processing, and delivery. Broadcast, cable, Internet, mobile, satellite and telecom service providers around the world choose Harmonic’s IP-based digital video, software, and broadband edge and access solutions. Using these award-winning and industry-leading solutions, operators can reduce costs and differentiate their services by offering consumers a higher quality, personalized multi-screen experience.
Harmonic (NASDAQ: HLIT) is headquartered in Sunnyvale, California with R&D, sales and system integration centers worldwide. The Company’s customers, including many of the world’s largest communications providers, deliver services in virtually every country. Visit www.harmonicinc.com for more information.
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Director, Marketing Communications
Investor Relations for Harmonic