Highwave Optical Technologies

Highwave Optical Technologies Announces a 20% Increase in its First Quarter 2005 Revenues

    Lannion, France (ots/PRNewswire) - Highwave Optical Technologies (Nouveau Marché, HGWO), a leading  technology supplier of active fiber based components and subsystems for the  telecommunication Dense Wavelength Divisio n Multiplexing (DWDM) systems,  fiber laser industry, fiber optic sensors and defense markets, announced  today its revenue for its Q1 2005 fiscal year.

    Revenues for the first quarter of the fiscal year 2005 was EUR 0.936  million , representing a sequential increase of 20% versus the fourth  quarter 2004 revenues.

    Revenue by Product for the First Quarter 2005 (as a % of total revenue)

                                                                Q404                 Q105
      Optical Amplifiers                              77%                  78%
      Components                                            3%                    6%
      Special Optical Fibers                        10%                  13%
      Services and Merchandise                    10%                  13%

    Revenue by Region for the First Quarter 2005 (as a % of total revenue)

                                                                Q404                 Q105
      EMEA                                                    86%                  65%
      North America                                        4%                  14%
      Asia-Pacific                                        10%                  21%

    "The revenues for Q1 2005 shows a sequential quarter-over-quarter increase of 20% and illustrates a significant pick-up in our backlog. During this first quarter of our fiscal year 2005, the company has finalized its last restructuring and comprises to date 50 full-time employees and 5 temporary workers. Moreover, General and Administrative  costs have decreased by 30% versus Q4 2004. Our operational objectives are  to achieve significant revenue growth and to increasingly reduce fixed  costs by outsourcing mass production to our Thai outsourcer.", Sylvain Boj,  commented.

    This press release may contain forward looking information based on  estimates and assumptions by management as well as information available to  management. These estimates and assumptions are subject to risks and  uncertainties capable of making the actual results of the company differ  substantially from the results presented explicitly or implicitly in these  forward looking statements. The current release should not be viewed as  offering any degree of certainty to such forward looking statements.

    About HighWave Optical Technologies

    Highwave Optical Technologies is one of the leading suppliers of active  fibers and subsystems for Dense Wavelength Division Multiplexing (DWDM)  telecom systems, the optical laser fiber industry, fiber optic sensors and  defense markets. Since its creation in 1998, the company has appeared in  the telecommunications market as one of the leading suppliers of optical  amplifiers and components for the largest manufacturers. The company is  based in Lannion, France. Since its listing on the market in June 2000, shares of Highwave Optical Technologies have been traded on the Euronext  Paris market (HGWO). For more detailed information, please consult our  Internet site: www.highwave-tech.com

ots Originaltext: Highwave Optical Technologies
Im Internet recherchierbar: http://www.newsaktuell.ch

Contact:
Hubert Lévêque, CFO Highwave Optical Technologies +33-02-96-04-27-08;
Sylvain Boj COO Highwave Optical Technologies +33-02-96-04-20-00.



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