Press release :

Quebec City, Quebec - May 5th , 2003 - CorActive, an independent manufacturer of advanced specialty optical fiber products, has just completed the third quarter of its fifth fiscal year of its history. Sales of the last three quarters of this year have increased by 23% compared to the same period last year. This last quarter has been strong with a sales growth of 66% compared to the corresponding quarter in 2001-2002, and a 115% sales growth compared with the previous quarter of this year.

Commenting on CorActive’s latest financial results, Claude Adrien Noel, President & CEO said "The last quarter has been really incredible, the sales have been wonderful and we have received two all time record orders, one for Erbium-doped fiber and another for UV Photosensitive fiber. Even in these turbulent times for the telecom industry, our company experiences record sales and growth through team effort. This is really amazing and we are thankful to our ever growing worldwide customer base".

About CorActive :

CorActive is a well financed independent developer and manufacturer of advanced Specialty Optical Fiber (SOF) products for OEM customers serving the telecommunications, sensor, defense, security, industrial, medical and aerospace industries. CorActive uniquely offers a full line of standard SOF products, including erbium doped, ultra violet sensitive and attenuating optical fiber, plus custom fiber development services for specific applications. At CorActive we pride ourselves in providing technologically advanced specialty optical fiber products that uniquely enable our customers to offer superior products and services. With research & development and production facilities located in Quebec City, CorActive serves a worldwide customer base for standard and custom SOF products. For more information, call toll free (866) 845-2466 in North America or (418) 845-2466 or visit www.coractive.com.