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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

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.