Sep. 16, 2004

AC Photonics Acquires Assets of Fiberconn Technology, Inc.

Santa Clara, CA – September 16, 2004 – AC Photonics, Inc. an established networking components and solutions manufacturing company for 10 years has announced their purchase of the entire assets of Sunnyvale, Ca. based Fiberconn Technology, Inc. (FTI). FTI specializes in designing and manufacturing highly reliable, very flat and very low PDL (0.02dB typ.) fused fiberoptic product solutions for access, metro, long haul and EDFA systems. Their products, which are Telcordia GR 1209/1221 compliant, have been well received by Tier 1 customers.

This acquisition further enhances AC’s leadership as a main components manufacturer and supplier, strengthening its ties with several Tier 1 customers. It also illustrates AC's strategy to expand its product portfolio to serve Telecom, Datacom and the Test & Measurement market segments. "We are very enthusiastic about their product portfolio and market opportunities. We view the acquisition as an important step in complementing and strengthening our access to new, high-growth market segments as well as increasing our existing business,” stated Arthur Wang, President of AC Photonics, Inc. "The addition will significantly enhance AC's comprehensive capabilities to better serve our customers, who look to us to design and manufacture reliable product solutions at highly competitive costs.”

AC Photonics was incorporated in 1995. The Company offers advanced and cost-effective optical components through its overseas manufacturing capabilities. In addition, AC maintains a strong design center, applications and customer service functions at its headquarters in Santa Clara, California. The Company's customers include telecommunications, data communications and cable TV equipment manufacturers around the globe.

For more detailed information, please go to http://www.acphotonics.com and review the individual devices specifications.