LONDON & SOUTHAMPTON, 30.01.03: Industry insight and accurate market trend predictions have delivered a great start to the New Year for leading specialty optical fibre manufacturer Fibercore Limited. The company is starting celebrations for its 21ST birthday year in a new home, thanks to a blend of market-leading products and customer service and by continuously reviewing the marketplace. This has enabled Fibercore Limited to navigate around the current turbulence in the telecommunications industry.
Fibercore’s new research, development and production facility is just metres from the company’s previous UK HQ on its Chilworth Science Park home, and has taken a total of 3 years to plan and construct. What is perhaps even more amazing is that despite the Telecoms depression, the company has reported just a 30 percent fall in sales revenue since the height of the market in 2000, in a climate where 75 – 90 percent is an accepted norm. This financial stability has enabled Fibercore to fund the new HQ out of retained earnings.
Fibercore Limited’s financial strength is the result of steady increases in demand for its range of specialty optical fibres in the fundamental research, sensing, and fiber gyro markets countering the drop in Telecoms. Fibercore Limited’s new facility will enable it to increase capacity ten-fold in coming years, equipping it to meet a growing demand from the fibre gyro and defence industries and a resurgence in telecommunications demand as the market returns.
In the last quarter of 2002 alone, uptake of fibers in the Asian market grew by around 1000 percent, with significant growth in the Japanese fibre gyro market and Chinese Telecoms and data communications sectors. This growth in Asia has been reinforced by existing clients in Europe and the United States, including medical innovations company Intraluminal Therapeutics and Scientific Atlanta, increasing fibre volume.
Dr. Emslie explains, ‘I am delighted that Fibercore Limited is celebrating its 21st successful year at the forefront of photonics with the opening of a new research, development and production facility. It is testament to our health and financial stability that we can finance the project from retained earnings, and proves we are still ‘first in specialty fiber’™.
‘We will continue to serve our customers from the research, defence, sensing, telecommunications, medical and fiber gyro markets with our unique combination of high performance specialty fibres and unrivalled customer service.
‘Our new home will not only enable us to continue to meet customers’ current demands, but will also allow us to continue our pioneering work in fibre development to meet their future needs. This has been the recipe for our continued success over the last 12 months and is one that we believe will continue to deliver market success beyond our competitors’ wildest dreams in 2003. We look forward to celebrating our 21st year with all our friends and customers at the OFC Conference and Exposition in Atlanta later this year.’
For more information about Fibercore Limited, or to visit Fibercore’s new HQ please contact
Lyndon Johnson or Chevaan Seresinhe at
Emmett & Smith on
+44 (0) 207 831 2999 or at
Notes to Editors:
About Fibercore Limited http://www.fibercore.com
Fibercore Limited, the UK based speciality optical fiber manufacturer, has been manufacturing and developing specialist optical fibers for the fibre amplifier, fiber optic gyroscope, dense wavelength division multiplexing and fundamental research markets for the last three decades. In 2001 it was Britain’s leading manufacturing business and was awarded the Queen’s award for Enterprise: International Trade.
Fibercore Limited is a UK-based subsidiary of Scientific Atlanta Inc., and has no relationship with any similarly named companies in the United States or Europe.
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