WEDNESDAY OCTOBER 18, 6:29 AM EASTERN TIME
PRESS RELEASE
FIBERCORE ELECTS NEW BOARD MEMBER
CHARLTON, Mass.--(BUSINESS WIRE)--Oct. 18, 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 the election of Mr.
Michael A. Robinson to its board of directors. Mr. Robinson is Senior Vice
President and Corporate Treasurer of Tyco International Ltd., a global,
diversified manufacturing and service company (NYSE: TYC; LSE: TYI; BSX:
TYC).
At Tyco, Mr. Robinson is responsible for capital market activities, banking
relationships, foreign exchange and commodity exposure management, interest rate
derivatives, global cash management, risk management and pension investment
management. In addition, Mr. Robinson is a key participant in Tyco's business
development activities.
Mr. Robinson was appointed Treasurer of Tyco in March 1998. Prior to this
appointment, he was a Vice President in the Investment Banking Department at
Merrill Lynch focusing on conglomerate and healthcare companies. Previously, he
held positions at Colgate-Palmolive and Bankers Trust Company.
Mr. Robinson holds a Bachelors Degree in Accounting, summa cum laude, from
Florida A&M University and a Masters of Business Administration Degree from the
Graduate School of Business at Harvard University.
In addition to their standard multi-mode and single-mode fiber, the Company
recently announced the introduction of its new GigaGrade multi-mode fibers which
are optimized to provide long link lengths at Gigabit speeds in laser-based
systems, and guarantees high bandwidths when used with LED's (using overfilled
launch).
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; 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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