CHARLTON, Mass., Jan. 19 /PRNewswire/ -- FiberCore, Inc. (Nasdaq: FBCE), a
leading manufacturer and global supplier of optical fiber and preform for the
telecommunication and data communications markets, today announced that it
received orders from North American customers valued at approximately
$67 million, most of which is under a "take or pay" arrangement.
In addition to FiberCore's standard multimode and single-mode fiber, the
orders include the Company's recently introduced ValuGrade(R) single-mode
fiber, which will be used for premises (intra-building) and Fiber-to-the Curb
applications. Additionally, the Company will supply special Radiation
Hardened fiber for government and military applications. These orders are
scheduled to be shipped throughout 2001 to 2003 from the Company's German and
Brazilian production facilities and have been added to backlog, which at
December 31, 2000 was a record $190 million.
Commenting on the contracts, Bob Sebesto, Vice President of Global Sales
and Marketing said, "FiberCore is one of the few, if not the only manufacturer
of specialty fibers such as Radiation Hardened as well as fibers with special
coatings for military applications. These products were developed several
years ago after a number of competitors discontinued manufacturing these
special fibers. Since then, FiberCore has been qualified on a number of key
U.S. and international programs, which are beginning to ramp up."
Adding to its breadth of specialty fibers, the Company recently announced
the introduction of its new GigaGrade multimode fibers. This product is
optimized to provide long link lengths at Gigabit speeds in laser-based
systems, and to guarantee high bandwidths when used with LED's (using
overfilled launch).
FiberCore, Inc. develops, manufactures and markets single-mode and
multimode optical fiber preforms and optical fiber for the telecommunications
and data communications markets. In addition to its standard multimode and
single-mode fiber, FiberCore also offers various grades of fiber for use in
laser-based systems, to help guarantee high bandwidths and to suit the needs
of Feeder Loop, Fiber-to-the Curb, Fiber-to-the Home and Fiber-to-the Desk
applications. Manufacturing facilities are presently located in Jena, Germany
and Campinas, Brazil.
For more information about the company, its products, or shareholder
information please visit our Website at: http://www.FiberCoreUSA.com or contact us
at: Phone - (508) 248-3900 or by FAX - (508) 248-5588 or E-Mail
FiberCore@aol.com
Except for the historical matters discussed above, the statements in this
press release are forward looking and are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. They are
based on the Company's current expectations and are subject to a number of
risks and uncertainties. Actual results may differ materially from those
projected as a result of certain general economic and business conditions;
loss of market share through competition; introduction of competing products
by other companies; changes in Industry capacity; pressure on prices from
competition or from purchasers of the Company's products; availability of
qualified personnel; the delivery of an ability to commission new equipment as
scheduled; ability to obtain required financing; dependence on a limited
number of raw material suppliers; the loss of any significant customers; and
other factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
SOURCE FiberCore, Inc.
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Related links:
http://www.FiberCoreUSA.com
CONTACT:
Dr. Mohd A. Aslami, President-CEO, or Steven
Phillips, CFO, both of FiberCore, Inc., 508-248-3900; General,
Alison Ziegler, Analysts, Christie Mazurek, Media, Marty Gitlin,
all of The Financial Relations Board- BSMG, 212-661-8030
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