TUESDAY OCTOBER 17, 8:41 AM EASTERN TIME
PRESS RELEASE
FIBERCORE EXPANSION
CHARLTON, Mass.--(BUSINESS WIRE)--Oct. 17, 2000--FiberCore, Inc. (OTC BB: FBCE -
news), a leading manufacturer of optical fiber and preform for the
telecommunication and data communications markets, with production facilities in
Jena, Germany and Campinas, Brazil today announced its capacity expansion plans
for these facilities in order to meet ever-increasing product demand.
On October 11th, we had a groundbreaking ceremony for the building of our new
facility in Jena. The facility is expected to be on-line in late 2001 and to
more than double the capacity at our existing Jena plant. Operations in Jena
focus primarily on multi mode fiber.
At our Brazilian plant, the goal is to increase Brazilian market share and to
increase exports to the United States and to other Latin American countries. To
meet this target, we have implemented an expansion plan designed to grow
capacity from approximately 1 million kms of single-mode fiber in 2000, which is
up from approximately 500 thousand kms in 1999, to over 5 million kms by 2004.
In addition to its standard multi mode and single mode fiber that meets the
highest industry standards, the company also offers a line of ValuGrade(R) and
EconoGrade(R) optical fibers. These fibers are available in single-mode and
multi-mode designs, and are ideally suited for Feeder Loop, Fiber-to-the Curb,
(FttC), Fiber-to-the Home (FttH) and Fiber-to-the Desk (FttD) applications.
For more information about the company, its products, or shareholder information
please visit our Website at: www.FiberCoreUSA.com or contact us at: Phone -
(508) 248-3900 or by FAX - (508) 248-5588 or E-Mail [email protected]
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. 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 and
ability to commission new equipment as scheduled; ability to obtain required
financing; dependence on a limited number of 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.
Contact:
FiberCore, Inc.
Charles DeLuca
508-248-3900
[email protected]
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