More good news for FBCE
Tuesday December 26, 12:27 pm Eastern Time
Press Release
FiberCore Anticipates a Record 4th Quarter
CHARLTON, Mass.--(BUSINESS WIRE)--Dec. 26, 2000--FiberCore, Inc. (NASDAQ:FBCE - news)
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 expects record 4th quarter 2000 sales.
``Overall, the year 2000 will be a record year in sales and operating income for the Company,'' said Dr. Aslami, President and CEO of FiberCore, Inc. ``We also expect results for the New Year to exceed our 2000 performance, based on strong customer demand for our products, despite the softness that has been recently reported in other sectors of the industry. To complement this rapid growth in sales, a significant production expansion is underway that will provide the capacity needed to satisfy customer demand, as well as to improve manufacturing efficiency.''
In addition to their standard multi-mode and single-mode fiber, the Company also offers 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 LEDs (using overfilled launch).
The company also offers a line of ValuGrade® and EconoGrade® 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; 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.
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