WaveSplitter Announces New Board Member

Nothhaft brings broad network experience to WaveSplitter Board

Fremont, CA, August 15, 2000 - WaveSplitter™ Technologies, Inc., a worldwide supplier of fiber optic components for optical amplifier and DWDM systems, today announced the appointment of Henry Nothhaft to their prestigious Board of Directors. Mr. Nothhaft's more than 25 years of network industry experience and management background complements the already strong board in place at WaveSplitter.

"Mr. Nothhaft is the ideal executive to join our board," stated Bill Diamond, President and CEO of WaveSplitter Technologies. "WaveSplitter has entered a stage of exciting growth, and Mr. Nothhaft is a seasoned professional who knows the telecommunications business and will be an asset to WaveSplitter. He has the experience, knowledge, insight and direction we are looking for as we establish a technology and market leadership position within the fiber optic industry."

Currently, Mr. Nothhaft is Vice Chairman of NextLink, which recently merged with Concentric, as well as President and CEO of Concentric. During his tenure with NextLink, which provides tailored, value-added e-business services primarily targeted at small- to medium-sized enterprises, he was President, Chief Executive Officer and Chairman of the Board. Mr. Nothhaft also serves on the Board of Directors for Vertical Networks, Asia Online, and the Telecommunications Advisory Board of Compaq Computer Corporation.

In addition to Mr. Nothhaft, the WaveSplitter Board of Directors includes Chairman and WaveSplitter founder Sheau Chen; David Ladd, General Partner of the venture capital firm Mayfield Funds; Tingye Li, retired AT&T scientist and Charles Lau, Managing Director of China Development Industrial Banks' U.S Venture Capital Operations.

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