27.04.2005 – 18:40

Highwave Optical Technologies

HighWave Optical Technologies Announces Annual Revenues of Fiscal Year 2005

Lannion, France (ots/PRNewswire)

Highwave Optical Technologies
(Eurolist, Compartiment C, HGWO), a leading  technology supplier of
active fibre based components and subsystems for the  telecom Dense
Wavelength Division Multiplexing (DWDM) systems, fiber laser
industry, fiber optic sensors and Defense markets, announced today
its  revenue for fiscal year 2004/2005, period ended March 31, 2005.

Revenue for FY05

The group consolidated revenues are 3.76 MEUR. Revenue for fiscal
year 2004/2005, was EUR 3.52 million for Highwave Optical
Technologies, a 6% annual increase and 240 kEUR for the last Quarter
of its subsidiary DA-Lightcom(1).

    Consolidated Revenues by Product for FY05 (as a % of total revenue)
                                      FY05
    Optical Amplifiers                 77%
    Components                          5%
    Special optical fibers              8%
    Other RF components                 6%
    Fiber lasers                        1%
    Services and merchandise            3%
    Consolidated Revenues by Region for FY05 (as a % of total revenue)
                                      FY04
    EMEA                               79%
    North America                       4%
    Asia-Pacific                       17%

"We observed a slow down during last quarter due mainly to all the
efforts the company and its employees did to obtain the final
shareholder's approval to our acquisition strategy. Furthermore, the
dollar weakness had an influence on our global revenues decrease for
an amount of 7%. The main part of our sales are done in dollar.
Nevertheless, these acquisitions done, at the end, allow us to expect
the realization of all commercial synergies. Still efforts have to be
done in this way but our employees and shareholders have already
shown their ability to go forward." commented Sylvain Boj, Chief
Executive Officer.

"Our goal is to introduce our company as an European Alternative
as an optoelectronic components manufacturer. We are going to
continue our acquisition strategy allowing both an increase in our
product portfolio and our cash position." commented Eric Delevaque,
Chairman of the Board.

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

    (1) It is reminded that DA-Lightcom acquisition has been approved by the
        shareholder meeting on february 17th 2005

Contact:

Sylvain Boj, Chief Operating Officer, Highwave Optical Technologies,
+33-2-96-04-20-00