CHARLTON, Mass., Aug. 13 /PRNewswire-FirstCall/ --
FiberCore, Inc. (Nasdaq: FBCE), a leading manufacturer and global supplier of
optical fiber and preform for the telecommunications and data communications
markets, today commented on the August 2, 2002 Patent Infringement suit that
was filed in the United States District Court, Northern District of Georgia -
Atlanta Division, against the Company. The action was brought by Fitel USA
Corp., the parent company of OFS (Optical Fiber Solutions), and alleges
infringement by the Company of patents covering a number of optical fiber
technologies held by Fitel. The plaintiff seeks an injunction prohibiting
further use of the patented technologies, unspecified compensatory and treble
damages and attorneys fees and costs.
The Company believes these claims to be without merit, has retained
counsel and will vigorously defend itself in this case. Fitel did not notify
the Company of its claims or concerns prior to filing the suit.
FiberCore President and CEO Dr. Mohd Aslami commented, "We believe that
the claims made by OFS are totally incorrect and without any basis in fact.
FiberCore has invested significant resources in the development of the
technologies used to manufacture its products and we take pride in the
technical staff that has developed these processes. Further, we file many
applications for patents on our technology and we have respect for the patent
system. It is unfortunate that Fitel has chosen to take this matter to court
without contacting us to try to resolve their concerns."
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 (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, of FiberCore, Inc., +1-508-248-3900, or Alison
Ziegler of FRB Weber Shandwick, +1-212-445-8432
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