(BSNS WIRE) FiberCore Announces Multi-Year South American Contract
FiberCore Announces Multi-Year South American Contract
Business/Technology Editors
CHARLTON, Mass.--(BUSINESS WIRE)--July 24, 2000--FiberCore, Inc.
(Symbol FBCE). FiberCore, 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 that it received a new order from an existing customer for
singlemode optical fiber, valued at $7.4 million. This fiber will be
shipped throughout 2000, 2001 and 2002 from Xtal; FiberCore's recently
acquired facility in Brazil.
In addition to their standard multimode and singlemode fiber, the
company recently announced the introduction of its new Optical Fiber
System, GigaGrade "Pick and Place". GigaGrade "Pick and Place" is a
flexible system that optimizes the applicability of multimode fiber
for various purposes by providing long link lengths at Gigabit speeds
in laser-based systems and guaranteeing high bandwidths when used with
LED's.
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 FiberCore@aol.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. 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.
--30--kms/bos*
CONTACT: FiberCore, Inc.
Charles DeLuca
508-248-3900
FBCE2CDL@aol.com
KEYWORD: MASSACHUSETTS INTERNATIONAL LATIN AMERICA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING
TELECOMMUNICATIONS
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