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EXHIBIT 99.2
PRESS RELEASE
ADVANCED LIGHTING TECHNOLOGIES ANNOUNCES
DSI'S SUCCESS IN PRODUCING 200 GHZ AND
100 GHZ DWDM FILTERS
SOLON, OH, NOVEMBER 6, 2000--ADVANCED LIGHTING TECHNOLOGIES, INC. (Nasdaq: ADLT)
today announced that DSI has demonstrated DWDM filter manufacturing capabilities
including 200 GHz and 100 GHz filter design, thin film coating, post-processing
of the wafer plus test and measurement. DSI is starting to supply a stream of
both 200 GHz and 100 GHz DWDM filters to select customers for their continuous
evaluation and qualification.
Commenting on this significant achievement, Lee Bartolomei, President of DSI
said, "Although these 200 GHz and 100 GHz filters are made using conventional
technology, this is an important milestone that demonstrates DSI's technical
expertise and capabilities to design, produce, test and measure DWDM filters.
This establishes our infrastructure to support the high volume production
anticipated when our MicroDyn(TM) technology is production-ready, which is
expected early next year.
"This month, we also set the principle terms of a lease, with a purchase option,
for a 140,000 square foot facility in Santa Rosa, California. This facility will
provide DSI with a modern plant optimized for high volume manufacture of
telecommunications products including the ISO Fiber(TM), ISO Sphere(TM), ISO
Power(TM), and ISO Filter(TM) product lines."
Certain existing production equipment, including some MicroDyn equipment, will
be transferred to the new facility and new production equipment will be
installed throughout calendar year 2001. DSI's goal is to have production
capacity for DWDM filters of greater than 1,000,000 units annualized by the end
of the year 2001.
In addition, James Simon, Sr. Sales Executive, joined our staff as Senior
Regional Sales Manager of the Eastern United States. Jim, a long time veteran of
the telecommunications arena, was most recently at Amphenol Fiber Optic Products
for eight years as Senior Sales Manager and National Sales Manager. Jim was
instrumental in establishing Amphenol's presence and status as a key supplier of
high end interconnect products in North America. Mr. Simon has been a pioneer in
the photonics industry starting first with Pirelli's Fiber Optic Cabling
Division, then with Alcoa Fujikura, Ltd., where he led the sales and marketing
efforts during AFL's start-up phase in the United States.
Also today, ADLT separately announced the results of its operations for the
first quarter of fiscal 2001 ended September 30, 2000.
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Except for historical information contained herein, the matters discussed in
this news release are forward-looking statements that involve risks and
uncertainties. As discussed in the Company's SEC filings, covenants in the
Company's bank credit facility, the indenture relating to the Company's 8%
Senior Notes and the Company's agreements with General Electric Company limit
certain corporate actions. As a result, implementation of certain strategic
alternatives relating to the telecommunications unit may require consent or
require replacement of these ADLT financing sources. The Company has no
assurance that such consents or replacement financing can be obtained in a
manner to permit timely implementation of these strategic alternatives. Other
risks and uncertainties include the timely development and market acceptance of
new products, including production equipment, the ability to provide adequate
incentives to retain and attract key employees, the impact of competitive
products and pricing, and other risks detailed from time-to-time in the
Company's EDGAR filings with the Securities and Exchange Commission. In
particular, see "Risk Factors" in the Company's Form 10-K for the fiscal year
ended June 30, 2000. Without limiting the foregoing, the words "believes,"
"anticipates," "plans," "expects" and similar expressions are intended to
identify forward-looking statements. The Company's actual results could differ
materially from those anticipated in these forward-looking statements.
Advanced Lighting Technologies, Inc. is an innovation-driven designer,
manufacturer, and marketer of metal halide lighting products, including
materials, system components, systems, and production equipment with operations
and affiliates in North America, Europe, the Pacific Rim and Australia.
Lisa Barry
Advanced Lighting Technologies, Inc.
440/836-7111
