FiberCore Announces Expansion of FiberCore Machinery
CHARLTON, Mass., Mar 5, 2001 /PRNewswire via COMTEX/ -- FiberCore, Inc. (Nasdaq:
FBCE), a leading manufacturer and global supplier of optical fiber and preform
for the telecommunication and data communications markets, announced today that
FiberCore Machinery GmbH in Jena, Germany, a wholly owned subsidiary of
FiberCore Jena GmbH., is currently expanding its capability to design,
manufacture, and install specialty equipment used to manufacture optical fiber
and performs.
FiberCore Machinery's primary emphasis is to supply preform manufacturing
equipment to FiberCore, its subsidiaries and affiliates worldwide. Its current
focus is to provide equipment for FiberCore's new facility, which is under
construction in Germany, as well as for the expansion of FiberCore's Brazilian
operations. It is also anticipated that FiberCore Machinery will be capable of
supplying additional facilities planned for the U.S. and Asia Pacific.
Dr. Mohd A. Aslami, President and CEO commented, "There has always been a
shortage of the types of specialized equipment required by optical fiber
manufacturers, because of the limited number of global suppliers. This is
partially attributable to the fiber manufacturers' desire to retain proprietary
process information. Becoming more vertically integrated and being able to
supply our own equipment needs, as do other major fiber manufacturers, will be a
key competitive advantage as we embark on our major capacity expansion plan. We
anticipate having enough equipment producing capacity to begin supplying all
internal requirements by the end of this year."
FiberCore, Inc. develops, manufactures and markets single-mode and multimode
optical fiber preforms and optical fiber for the telecommunications and data
communications markets. In addition to its standard multimode and single-mode
fiber, FiberCore also offers various grades of fiber for use in laser-based
systems, to help guarantee high bandwidths and to suit the needs of Feeder Loop,
Fiber-to-the Curb, Fiber-to-the Home and Fiber-to-the Desk applications.
Manufacturing facilities are presently located in Jena, Germany and Campinas,
Brazil.
For more information about the company, its products, or shareholder information
please visit our Website at: fibercoreusa.com or contact us at: Phone
-- 508-248-3900 or by FAX -- 508-248-5588 or E-Mail: sales@FiberCoreUSA.com ;
investor_relations@FiberCoreUSA.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. They are
based on the Company's current expectations and are subject to a number of risks
and uncertainties. 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 an ability to commission new equipment as scheduled; ability to
obtain required financing; dependence on a limited number of raw material
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.
SOURCE FiberCore, Inc.
CONTACT: Dr. Mohd A. Aslami, President and CEO, or Steven Phillips, CFO,
both of FiberCore, Inc., 508-248-3900; or General Information, Alison
Ziegler,
Analysts, Christie Mazurek, or Media, Marty Gitlin, of The Financial
Relations
Board BSMG, 212-661-8030
URL: fibercoreusa.com
prnewswire.com
(C) 2001 PR Newswire. All rights reserved.
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KEYWORD: Massachusetts
Germany
Brazil
INDUSTRY KEYWORD: TLS
PEL
SUBJECT CODE: PDT
STOCK SYMBOLS: [(fbce)] |
