WaveSplitter Announces Wafer Fabrication for Planar Lightguide Circuits

Facility Complements Existing Design and Packaging Capability Enabling End-to-End Product Realization

FREMONT, CA - July 5, 2001 - WaveSplitter Technologies, Inc., a worldwide supplier of fiber-optic components and modules for advanced optical networks, today announced its own wafer fabrication for the manufacture of planar lightguide circuit (PLC) wafers. This manufacturing facility complements WaveSplitter's existing PLC design and packaging capabilities and provides complete end-to-end product realization of innovative, integrated components.

"Having our own wafer fabrication is a key part of our multi-pronged strategy to ensure our supply of wafers and facilitate long-term product development plans," said Bill Diamond, President and CEO of WaveSplitter. "WaveSplitter will continue to rely on outside foundries in addition to our own wafer fabrication, waveguide design and packaging expertise to provide us with stronger product differentiation in the areas of materials and process development."

The facility comes equipped with a class 100 clean room and access to existing processes, including photoresist coat and develop, metallization, metrology and dicing equipment. In addition, WaveSplitter will install in that facility its own dedicated equipment for PLC wafer fabrication, including film deposition, etch, photolithography and specialized metrology tools. By combining specific WaveSplitter equipment with an existing facility, WaveSplitter can accelerate time to production while minimizing capital equipment expense.

About WaveSplitter Technologies, Inc.

WaveSplitter Technologies, Inc. develops, manufactures and markets reliable, highly scalable, cost-effective components for optical amplifier and DWDM systems for both long-haul and metropolitan area network applications. WaveSplitter's high-performance fiber and planar lightwave circuit components increase network bandwidth capabilities and offer a unique combination of low signal loss and modular expandability at an economical value. WaveSplitter was founded in 1996 and is headquartered in Fremont, California. WaveSplitter is a trademark of WaveSplitter Technologies, Inc. All other trademarks are the properties of their respective owners.

For more information, reporters can contact:

Lisa Blair
WaveSplitter Technologies, Inc.
Phone: 510-651-7800 x 243
Fax: 510-580-1395
E-mail: lisa_blair@wavesplitter.com