Optical Communication Products Inc. to move management and R&D to new building

May 18, 2001
May 18, 2001--Optical Communication Products Inc., a manufacturer of fiber optic subsystems and modules for metropolitan area networks and high-speed premises networks, announced it is in escrow to acquire a 145,720-square-foot building in Woodland Hills, Calif.

Optical Communication Products Inc. (Nasdaq:OCPI), a manufacturer of fiber optic subsystems and modules for metropolitan area networks and high-speed premises networks, announced it is in escrow to acquire a 145,720-square-foot building in Woodland Hills, Calif. The new building will be acquired for approximately $18,750,000. Escrow for this purchase is expected to close in June 2001.

Upon close of escrow, OCP plans to occupy only part of the facility. A portion of the building consisting of approximately 65,000 square feet will continue to be leased to two existing tenants. In addition, OCP plans to relocate its executive management, administrative, sales, marketing, and research and development teams to the Woodland Hills facility. This will allow its manufacturing operations to expand in its current facility located in Chatsworth.

About OCP:

OCP, founded in 1991, designs, manufactures and sells high-performance fiber optic subsystems and modules for metropolitan area networks and high-speed premises networks. OCP's subsystems and modules include optical transmitters, receivers, transceivers and transponders that convert electronic signals into optical signals and back to electronic signals, enabling high-speed communication of voice and data traffic over public and private fiber optic networks. For more information, visit www.ocp-inc.com.

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