To: Curtis E. Bemis who wrote (11113 ) 7/7/2000 1:27:01 PM From: Jim Lamb Respond to of 24042 OCLI Increases Flex Products Manufacturing Capacity SANTA ROSA, Calif., July 7 /PRNewswire/ -- Flex Products, Inc., a JDS Uniphase company (Nasdaq: JDSU - news; TSE: JDU - news), today announced completion of another milestone in its program to increase manufacturing capacity and meet customer demand for its line of optically variable high performance pigments. Flex engineers designed and brought on-line a new high vacuum roll-to-roll manufacturing machine (BETA IV) which will increase capacity by 35%. This new machine is the first of three planned in the program, including another machine to be installed at its Santa Rosa facility and a previously announced machine to be installed in Beijing, China. ``We take great pride and satisfaction in the team effort that brought this project to completion in record time, weeks ahead of schedule,'' said Roy Bie, General Manager of Flex Products. ``From the initial commissioning of the project, through design and installation, to our first product shipment, our people have demonstrated leading edge capability in thin-film technology.'' OCLI, a JDS Uniphase subsidiary, is the world's largest independent manufacturer of optical thin film coated components used to manage light. OCLI's products are found in many applications including computer displays, telecommunications equipment, photocopiers, fax machines, medical and analytical instruments, communications satellites and aerospace and defense systems. Flex Products, designs and manufactures thin film coatings on flexible substrates and portable thin film products using high vacuum roll-to-roll processes. Most of these products are based on thin film coatings that interact with light to control reflection, absorption and color, on a molecular level. Flex supplies pigment for use in critical anti-counterfeiting applications on a large number of world currencies. Flex also produces energy conserving window film for residential, commercial and automotive applications. ChromaFlair® light interference pigments are manufactured for decorative paints, plastic and other applications. For more information about OCLI and Flex Products, visit our web sites at www.ocli.com and www.chromaflair.com. JDS Uniphase is a high-technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiber optic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU, and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at www.jdsunph.com. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as ``believes,'' ``expects,'' ``may,'' ``should,'' ``would,'' ``will,'' ``intends,'' ``plans,'' ``estimates,'' ``anticipates,'' and similar words. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by JDS Uniphase Corporation and OCLI with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and neither JDS Uniphase Corporation nor OCLI assumes any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.