Gregory Olsen Named to Board of Trustees

Teaneck, N.J. (July 27, 2005) – Gregory H. Olsen, chairman of the Board of Directors and co-founder of Sensors Unlimited, Inc., has been named to the Board of Trustees of Fairleigh Dickinson University for a three year term.

Fairleigh Dickinson University President J. Michael Adams welcomed Dr. Olsen to the Board and said, “Greg Olsen brings impressive expertise in technology and entrepreneurism to the Board. His commitment to education and his pioneering spirit will be of great value to the University. We look forward to working with him.”

Olsen received a B. S. in physics, a B. S. in electrical engineering and M. S. in physics from Fairleigh Dickinson and a Ph.D. in materials science from the University of Virginia.

He holds ten U.S. patents, has delivered numerous invited lectures, written more than 100 papers, co-authored several books on crystal growth and semiconductor devices and authors general interest articles for trade journals.

Olsen founded Sensors Unlimited in 1991. Under his direction, the company has grown into a world-class fiber optic component design, fabrication and supply operation. The company develops and manufactures optoelectronic devices for fiber optic communications systems, photonic and near infrared imaging devices. The cutting edge camera technology provides high performance products used for a variety of critical military, national security, telecommunications and industrial applications. They included covert surveillance, night vision, health and safety protocols, historical art inspection.

In 2000, Finisar Corp. acquired Sensors Unlimited for $700 million. In 2002, Olsen orchestrated a management buyback of the company.

In 1972, while at RCA Laboratories, Princeton, NJ, Dr. Olsen brought major innovations to the hydride vapor phase crystal growth in InGaAsP alloys and developed long-wavelength lasers and detectors. His fundamental studies on crystal defects brought about marked improvements in this highly technical industry. This work led to the commercial introduction of InGaAsP devices for fiber optics, near-infrared instrumentation and imaging applications that have since revolutionized our daily lives.

Olsen received RCA Laboratories Outstanding Achievement Awards in 1978 and 1980. He was awarded the Arthur Young/Inc. Magazine Entrepreneur of the Year in 1989, received the New Jersey “Small Business Person of the Year” award at the White House in 1990, and was elected “Inventor of the Year’ by the New Jersey Institute of Technology in 1991.

He has been active in technical societies, such as the International Society for Optical Engineering (SPIE), a Fellow of the Institute of Electrical and Electronics Engineers (IEEE), and the IEEE Laser and Electro-Optics Society (IEEE LEOS). In 1992, Dr. Olsen was selected as an IEEE LEOS “Distinguished Lecturer” and gave a series of presentations entitled “How to Start an Optoelectronics Business. In 1994 he was elected to the IEEE LEOS Board of Governors and to the IEEE CLEO Steering Committee in 2000.

Olsen also serves on advisory committees to Princeton University and the University of Virginia.

Fairleigh Dickinson University

Gretchen Johnson

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