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February 4, 2000

Alcoa Fujikura Acquires Noyes Fiber Systems

Brentwood, Tenn. and Belmont, N.H.--February 4, 2000-- Alcoa Fujikura Ltd., (AFL) and Noyes Fiber Systems announced today that AFL has acquired privately held Noyes Fiber Systems, headquartered in Belmont, New Hampshire. Terms of the deal were not disclosed.

AFL is the leading supplier of fusion splicers in North America and Noyes is a leading test and measurement supplier in the fiber optics market.

"The merging of AFL and Noyes enhances the value of AFL's strategy of being a complete system supplier to fiber optic users. AFL now has the ability to provide fusion splicers and test and measurement equipment to its customers as a single package," says Steve Althoff, general manager of AFL. "We look forward to working with this outstanding organization."

John Noyes, president of Noyes Fiber Systems, says, "Noyes' test and measurement product line complements AFL's fusion splicer product line, and vice versa. Together, we will be able to supply our customers with a total system solution."

AFL, one of 24 Alcoa business units, is a leading global provider of fiber optic products and services to the telecommunications, data communications, CATV, and electric utility industries. AFL is capable of providing full systems solutions from the long haul to the desktop. AFL is headquartered in Brentwood, Tenn., with several manufacturing locations throughout the U.S. and Mexico. All AFL manufacturing facilities are ISO 9001 certified.

Noyes Fiber Systems is a leading manufacturer of fiber optic test equipment for measuring, maintaining, and documenting the performance of fiber optic networks. Noyes' product line consists of optical power meters, light sources, loss/return test sets, fiber certification kits, mini-OTDR's, fiber inspection scopes, fiber optic talk sets, variable optical attenuators, visible fault and fiber optic identifiers.