CHARLTON, Mass., March 5 /PRNewswire/ -- FiberCore, Inc. (Nasdaq: FBCE), a
leading manufacturer and global supplier of optical fiber and preform for the
telecommunication and data communications markets, announced today that
FiberCore Machinery GmbH in Jena, Germany, a wholly owned subsidiary of
FiberCore Jena GmbH., is currently expanding its capability to design,
manufacture, and install specialty equipment used to manufacture optical fiber
and performs.
FiberCore Machinery's primary emphasis is to supply preform manufacturing
equipment to FiberCore, its subsidiaries and affiliates worldwide. Its
current focus is to provide equipment for FiberCore's new facility, which is
under construction in Germany, as well as for the expansion of FiberCore's
Brazilian operations. It is also anticipated that FiberCore Machinery will be
capable of supplying additional facilities planned for the U.S. and Asia
Pacific.
Dr. Mohd A. Aslami, President and CEO commented, "There has always been a
shortage of the types of specialized equipment required by optical fiber
manufacturers, because of the limited number of global suppliers. This is
partially attributable to the fiber manufacturers' desire to retain
proprietary process information. Becoming more vertically integrated and
being able to supply our own equipment needs, as do other major fiber
manufacturers, will be a key competitive advantage as we embark on our major
capacity expansion plan. We anticipate having enough equipment producing
capacity to begin supplying all internal requirements by the end of this
year."
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:
sales@FiberCoreUSA.com ; investor_relations@FiberCoreUSA.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 and CEO, or
Steven Phillips, CFO, both of FiberCore, Inc., 508-248-3900; or
General Information, Alison Ziegler, Analysts, Christie Mazurek,
or Media, Marty Gitlin, of The Financial Relations Board BSMG,
212-661-8030
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