CHARLTON, Mass., April 1 /PRNewswire-FirstCall/ -- 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 George F. Mori was named to the newly created position of Chief
Operating Officer, effective April 1. He will be based in the Company's Jena,
Germany facility.
Mr. Mori, age 52, was most recently with Barlo Group of Ireland as a
divisional board director responsible for their plastics polymerization and
extrusion operations, quality and technical functions throughout Europe.
Previously he was with Honeywell Corporation, a $24 billion diversified
technology and manufacturing leader. Based in Rudolstadt, Germany, his
positions included Managing Director of Honeywell Polymers GmbH and
Chemieprodukte GmbH, as well as being their Director of Operations and a
member of the German Board of Directors of Honeywell Deutschland AG. From
1995 to 1998, Mr. Mori was with Avery Dennison Corporation as General Manager,
European Films Center, Germany. Prior to that, Mr. Mori was with Jackstadt
GmbH and with 3M in the US, Canada and Germany in a variety of engineering and
management positions.
Mr. Mori holds a Bachelor of Science degree in Chemical Engineering from
the University of Missouri. He is a member of the German Society of
Professional Engineers and is a past national Board Director of the American
Chamber of Commerce in Germany as well as being a member of their Thuringer
Regional Committee.
Dr. Mohd A. Aslami, President and CEO, commented, "We are extremely
pleased to welcome George to the FiberCore team. Initially, George will focus
his efforts on our current operations in Brazil and Germany. Moreover, by
living in Germany, George will be on-site to oversee our expanding German
operations. We are fortunate to have found someone with such strong global
business experience as well a strong background in technical, financial and
quality assurance disciplines. George also has experience working with the
German government to obtain grants and subsidies and will take an active role
in our strategic capital investment planning.
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 up to 10 gigabits/sec, to help guarantee high bandwidths
and to suit the needs of Feeder Loop (also known as Metropolitan Area
Network), 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 or reduced creditworthiness 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 Robert
Lobban, CFO, both of FiberCore, Inc., +1-508-248-3900; or
General, Alison Ziegler, Analyst, Peter Seltzberg, or Media,
Judith Sylk-Siegel, all of FRB Weber Shandwick, +1-212-445-8400
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