Optical Cable CorporationAchieves
Certifications By U.S. Department Of Defense
Ground Tactical Fiber Optic Cable Qualified
After Rigorous Testing andManufacturing Facility Certified
After On-Site Audit
Roanoke, VA, August 8, 2005 -- Optical
Cable Corporation (Nasdaq NM: OCCF) today announced the Company
has achieved two significant milestones in its continuing pursuit
of excellence as a long-time supplier of rugged military fiber
optic cables for the U.S. and allied militaries.
Ground Tactical Fiber Optic Cable Qualified to MIL-PRF-85045/8A
The
U.S. Department of Defense ("DoD") has certified Optical Cable Corporation
as a fully qualified supplier of ground tactical fiber optic cable,
meeting all military requirements. A government-certified
independent test laboratory subjected Optical Cable’Äôs military
ground tactical fiber optic cable to a series of rigorous optical,
environmental, and mechanical tests as defined in MIL-PRF-85045/8A.
The test results
were reviewed by the Defense Supply Center, Columbus ("DSCC"),
part of the U.S. Defense Logistics Agency.
DSCC validated that the Company’Äôs military ground
tactical fiber optic cables fully comply with the DoD’Äôs stringent
test requirements. As a result, these products have been added
to the DoD’Äôs Qualified Parts List as complying with MIL-PRF-85045/8A.
Manufacturing Facility Certified to MIL-STD-790F
Optical
Cable Corporation’Äôs manufacturing facility also has been certified
by the DoD as a MIL-STD-790F facility. This certification
is considered one of the most respected in the defense industry
as it requires compliance with stringent government requirements
for product design, documentation, process control, and management
practices.
DSCC conducted a comprehensive on-site audit
that resulted in confirmation that Optical Cable’Äôs manufacturing
facility met all requirements for producing high quality fiber
optic cables for use by the U.S. Armed Forces.
Management Comments
"Since
the early 1980s, military tactical fiber optic cables have been
an integral part of the U.S. military’Äôs tactical communications
systems’Äîproviding dependable real-time communications between permanent
and mobile field command and control facilities," said Barney Dean,
Optical Cable’Äôs military and government sales manager. "Optical
Cable Corporation’Äôs military-grade fiber optic cables are currently
deployed worldwide by the U.S. military in every significant operational
theater, providing secure and reliable tactical communications. Now
with our newly qualified products, the U.S. military will have
access to a full MIL SPEC ground tactical fiber optic cable for
their communications needs," said Mr. Dean.
"Optical Cable Corporation
has been a major supplier of military ground tactical fiber optic
cable to the U.S. Department of Defense and certain allied militaries
for years," said Neil Wilkin, President and Chief Executive Officer
of Optical Cable Corporation. "We
believe our announcement today confirms that Optical Cable continues
to be the premier source for the most rugged and reliable, and
highest quality military ground tactical fiber optic cable in the
world," said Mr. Wilkin.
"We appreciate the confidence the U.S.
military has expressed in our products and our people as evidenced
by these certifications. Today’Äôs
announcement is a credit to the hard work and dedication of the
Optical Cable team, and evidence of our ongoing efforts to provide
the finest quality fiber optic cables to meet a wide range of commercial,
harsh environment and military needs," Mr. Wilkin added.
Comments by Elected Leaders
Upon learning of Optical Cable
Corporation’Äôs announcement, the following statements were issued
by elected leaders:
"Optical Cable Corporation is helping Virginia
expand its defense and homeland security sector strengths outside
of the Washington Metropolitan area," said Governor Mark R. Warner. "The
skilled workforce in the Roanoke region has been and will continue
to provide the U.S. Armed Forces with technology that will help
improve the military's communications systems and potentially save
lives," said Governor Warner.
U.S. Senator George Allen said, "It
is important that our military has cutting edge technology and
I am pleased that Optical Cable Corp. is providing the needed tools
so that our men and women in the military can effectively communicate
with each other. Virginia
has always been a leader in innovation and Optical Cable Corp.
is just another example of a successful company here in the Commonwealth."
"I
am pleased by the announcement that Optical Cable Corporation has
been certified by the Department of Defense as a qualified supplier
and commend them for the work they do to strengthen our national
defense," U.S. Congressman Bob Goodlatte said. "Their work
is critical in ensuring that the United States military is technologically
prepared to face whatever challenges confront our nation," Congressman
Goodlatte added.
Company
Information
Optical Cable Corporation
is a leading manufacturer of fiber optic cables primarily sold
into the enterprise market, and the premier manufacturer of military
land tactical fiber optic cable for the U.S. military. Founded
in 1983, Optical Cable Corporation pioneered the design and production
of fiber optic cables for the most demanding military field applications,
as well as fiber optic cables suitable for both indoor and outdoor
use. The Company's
current broad product offering is built on the evolution of these
fundamental technologies, and is designed to provide end-users
with fiber optic cables that are easy and economical to install,
provide a high degree of reliability and offer outstanding performance
characteristics. Optical Cable Corporation sells its products
worldwide for uses ranging from commercial and campus installations
to customized products for specialty applications and harsh environments,
including military applications. The Company manufactures its high
quality fiber optic cables at its ISO 9001:2000 registered facility
located in Roanoke, Virginia.
Further information about Optical
Cable Corporation is available on the World Wide Web at www.occfiber.com.
FORWARD-LOOKING INFORMATION
This
news release by Optical Cable Corporation (the "Company")
may contain certain "forward-looking" information within
the meaning of the federal securities laws. The forward-looking
information may include, among other information, (i) statements
concerning the Company's outlook for the future, (ii) statements
of belief, anticipation or expectation, (iii) future plans,
strategies or anticipated events, and (iv) similar information
and statements concerning matters that are not historical facts.
Such forward-looking information is subject to risks and uncertainties
that may cause actual events to differ materially from the Company's
expectations. Factors that could cause or contribute to such differences
include, but are not limited to, the level of sales to key customers,
including distributors; the economic conditions affecting network
service providers; corporate spending on information technology;
actions by competitors; fluctuations in the price of raw materials
(including optical fiber); the Company's dependence on a single
manufacturing facility; the Company's ability to protect its proprietary
manufacturing technology; market conditions influencing prices
or pricing; the Company's dependence on a limited number of suppliers;
an adverse outcome in litigation, claims and other actions, and
potential litigation, claims and other actions against the Company;
an adverse outcome in regulatory reviews and audits and potential
regulatory reviews and audits; further adverse changes in laws
and regulations associated with the extraterritorial income exclusion;
adverse changes in state tax laws and/or positions taken by state
taxing authorities affecting the Company; technological changes
and introductions of new competing products; economic conditions
that affect the telecommunications sector, certain technology sectors
or the economy as a whole; terrorist attacks or acts of war, particularly
given the acts of terrorism against the United States and subsequent
military responses by the United States, and any potential future
military conflicts; ability to retain key personnel; the Company's
ability to successfully implement planned changes to its information
technology systems and manufacturing processes; the impact of changes
in accounting policies, including those by the Securities and Exchange
Commission and the Public Company Accounting Oversight Board; the
Company's ability to successfully comply with and the cost of compliance
with, the provisions of Section 404 of the Sarbanes-Oxley Act of
2002; impact of future consolidation among competitors and/or among
customers adversely affecting the Company's position with its customers
and/or our market position; impact of weather or natural disasters
in the areas of the world in which the Company operates and markets
its products; changes in market demand, exchange rates, productivity,
or market and economic conditions in the areas of the world in which
the Company operates and markets its products and the Company's success
in managing the risks involved in the foregoing. The Company cautions
readers that the foregoing list of important factors is not exclusive
and the Company incorporates by reference those factors included
in current reports on Form 8-K.
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