Optical Communication Products acquires technology and team from Cielo Communications

October 9, 2002--Optical Communication Products Inc. (OCP), manufacturer of fiber- optic subsystems and modules for metropolitan and high-speed premises networks, today announced that it has acquired certain assets of privately-held Cielo Communications, developer of VCSEL technology for fiber-optic communication networks.

Cielo Communications' technology will enhance OCP's ability to accelerate the integration of 1300-nm VCSEL sources into multi-channel optical modules, claim company representatives. These parallel array optical modules offer the advantages of high optical port density and low power consumption, which are required by the next-generation optical networking applications.

"We believe that singlemode long wavelength VCSEL technology is a key enabling building block for the next generation of optical modules," contends Dr. Muoi V. Tran, chief executive officer and president of OCP. "The acquisition of Cielo Communications gives us the opportunity to expand our product portfolio to include optical modules based on 1300-nm VCSEL arrays. Furthermore, we are pleased to have added some very talented people whom we believe will make a significant contribution to OCP's success in the future," he adds.

Financial terms of the acquisition were not disclosed. The purchase price includes the acquisition of capital equipment, inventory and intellectual property. In addition, OCP has hired approximately 20 former Cielo Communications employees and will continue to operate in Broomfield, CO. The transaction was completed on October 9, 2002.A

For more information about Optical Communication Products Inc. (Chatsworth, CA), visit the company's Web site at www.ocp-inc.com. E