Fiberstars Announces New Energy Efficient Lighting System

System to Begin Shipping in Second Quarter 2001



Apr 11, 2001, 01:00 ET from Fiberstars, Inc.

    FREMONT, Calif., April 11 /PRNewswire/ -- Fiberstars, Inc. (Nasdaq: FBST)
 announced today that it has received a patent on an optical design for a new
 fiber optic lighting system that dramatically reduces energy consumption.
 Fiberstars also announced that construction has begun on a new fiber cable
 development and production center in Solon, Ohio and that it received a U.L.
 listing for the new system. U.L. is Underwriters Laboratories, Inc., an
 independent, not-for-profit product safety testing and certification
 organization. The company expects to begin shipments of initial versions of
 the new system in the second quarter of this year.
     The new Fiberstars lighting system has been measured to consume from
 22% to about 75% less energy than ordinary light bulbs. It is even more energy
 efficient than compact fluorescent lamps. Initial versions of the technology
 will be introduced at the Light Fair International trade show in Las Vegas
 May 30-June 1.
     The new patent, Fiberstars' 24th, covers an optical design which captures
 the output of highly efficient metal halide lamps, principally used for
 lighting streets, parking lots and retail warehouses, and distributes the
 light in useful lumen increments via fiber optics for indoor applications.
     The new fiber development facility is funded in part by a $2,000,000 grant
 Fiberstars received from the Advanced Technology Program of the
 National Institute of Standards and Technology (NIST), part of the
 U.S. Department of Commerce. The goal is to create a new value threshold in
 energy efficient lighting in response to the nation's energy crisis.
     Construction of the fiber facility is taking place in space leased by
 Fiberstars at the headquarters of its partner company, Advanced Lighting
 Technologies, Inc. (ADLT), in Solon, Ohio. The partnership with ADLT offers
 synergies that for the first time enable fiber optic lighting to be price and
 performance competitive with many types of conventional lighting, while
 continuing to offer significant energy savings. The new fiber facility is
 expected to develop formulations and processes which further lower
 manufacturing costs in the future.
     The fiber project is supervised by Fiberstars' Chief Technology Officer
 John Davenport, who is located in Solon. John has also supervised the
 development of the optics for the system. John spent 25 years with
 GE Lighting, where he was named inventor of more than 100 lighting patents and
 at one time headed their R&D department. John works with Chris Jensen, a
 former Rohm & Haas chemist who is Fiberstars' manager of fiber development,
 and Dr. Cas Ilenda, a consultant from Rohm & Haas who has been primarily
 responsible for developing the new fiber.
     Fiberstars acquired 12 patents from Rohm & Haas in its 2000 acquisition of
 Unison Fiber Optics, many of which cover the new fiber which is used in the
 new energy efficient lighting system.
 
     About Fiberstars
     Fiberstars is the world's leading supplier of fiber optic lighting.
 Fiberstars products are designed, manufactured and marketed in the commercial
 lighting, sign and swimming pool and spa markets. Fiber optic lighting
 provides aesthetic, safety, energy savings and maintenance cost benefits over
 conventional lighting. Fiberstars has 24 patents on its technologies for fiber
 optic lighting. Customers include fast food restaurant chains, theme parks and
 casinos, hotels, retail stores, swimming pool builders, spa manufacturers and
 many others. Fiberstars' headquarters are located at 44259 Nobel Dr.,
 Fremont, California. Fiberstars has subsidiary offices in Cleveland, Seattle,
 England and Germany. Telephone 510-490-0719. Web site:  www.fiberstars.com.
 
     Fiberstars' note regarding forward-looking statements:
     Forward-looking statements in this release are made pursuant to the safe
 harbor provisions of the Private Securities Litigation Reform Act of 1995.
 Such forward-looking statements may be identified by use of terms such as
 "can," "will," "expects," "anticipates," "believes" and "plans" and similar
 expressions, and include, but are not limited to, statements regarding the
 sales and business outlook for 2001 and beyond, the development and future
 expansion plans for the new facility, the features and benefits of Fiberstars'
 products and of the extrusion equipment and process, predictions of new
 technology introductions, ship dates and energy efficiency and statements or
 implications that the new technology will contribute to future growth.
 Investors are cautioned that all forward-looking statements involve risks and
 uncertainties that could cause actual results to differ materially from the
 results predicted. Risk factors that could affect the Company's future include
 the slowing U.S. economy and its effects on Fiberstars' markets, a failure to
 develop marketable products from new technologies, unanticipated costs of
 integrating acquisitions into the Fiberstars operation, delays in
 manufacturing of products, increased competition, a significant slowdown in
 geographic economies where the Company markets its products, other adverse
 sales and distribution factors and greater than anticipated costs and/or
 warranty expenses. For more information about potential factors which could
 affect Fiberstars financial results, please refer to Fiberstars' SEC reports,
 including its Annual Report on Form 10-K for the year ended December 31, 2000.
 These forward-looking statements speak only as of the date hereof. Fiberstars
 disclaims any intention or obligation to update or revise any forward-looking
 statements.
 
 

SOURCE Fiberstars, Inc.
    FREMONT, Calif., April 11 /PRNewswire/ -- Fiberstars, Inc. (Nasdaq: FBST)
 announced today that it has received a patent on an optical design for a new
 fiber optic lighting system that dramatically reduces energy consumption.
 Fiberstars also announced that construction has begun on a new fiber cable
 development and production center in Solon, Ohio and that it received a U.L.
 listing for the new system. U.L. is Underwriters Laboratories, Inc., an
 independent, not-for-profit product safety testing and certification
 organization. The company expects to begin shipments of initial versions of
 the new system in the second quarter of this year.
     The new Fiberstars lighting system has been measured to consume from
 22% to about 75% less energy than ordinary light bulbs. It is even more energy
 efficient than compact fluorescent lamps. Initial versions of the technology
 will be introduced at the Light Fair International trade show in Las Vegas
 May 30-June 1.
     The new patent, Fiberstars' 24th, covers an optical design which captures
 the output of highly efficient metal halide lamps, principally used for
 lighting streets, parking lots and retail warehouses, and distributes the
 light in useful lumen increments via fiber optics for indoor applications.
     The new fiber development facility is funded in part by a $2,000,000 grant
 Fiberstars received from the Advanced Technology Program of the
 National Institute of Standards and Technology (NIST), part of the
 U.S. Department of Commerce. The goal is to create a new value threshold in
 energy efficient lighting in response to the nation's energy crisis.
     Construction of the fiber facility is taking place in space leased by
 Fiberstars at the headquarters of its partner company, Advanced Lighting
 Technologies, Inc. (ADLT), in Solon, Ohio. The partnership with ADLT offers
 synergies that for the first time enable fiber optic lighting to be price and
 performance competitive with many types of conventional lighting, while
 continuing to offer significant energy savings. The new fiber facility is
 expected to develop formulations and processes which further lower
 manufacturing costs in the future.
     The fiber project is supervised by Fiberstars' Chief Technology Officer
 John Davenport, who is located in Solon. John has also supervised the
 development of the optics for the system. John spent 25 years with
 GE Lighting, where he was named inventor of more than 100 lighting patents and
 at one time headed their R&D department. John works with Chris Jensen, a
 former Rohm & Haas chemist who is Fiberstars' manager of fiber development,
 and Dr. Cas Ilenda, a consultant from Rohm & Haas who has been primarily
 responsible for developing the new fiber.
     Fiberstars acquired 12 patents from Rohm & Haas in its 2000 acquisition of
 Unison Fiber Optics, many of which cover the new fiber which is used in the
 new energy efficient lighting system.
 
     About Fiberstars
     Fiberstars is the world's leading supplier of fiber optic lighting.
 Fiberstars products are designed, manufactured and marketed in the commercial
 lighting, sign and swimming pool and spa markets. Fiber optic lighting
 provides aesthetic, safety, energy savings and maintenance cost benefits over
 conventional lighting. Fiberstars has 24 patents on its technologies for fiber
 optic lighting. Customers include fast food restaurant chains, theme parks and
 casinos, hotels, retail stores, swimming pool builders, spa manufacturers and
 many others. Fiberstars' headquarters are located at 44259 Nobel Dr.,
 Fremont, California. Fiberstars has subsidiary offices in Cleveland, Seattle,
 England and Germany. Telephone 510-490-0719. Web site:  www.fiberstars.com.
 
     Fiberstars' note regarding forward-looking statements:
     Forward-looking statements in this release are made pursuant to the safe
 harbor provisions of the Private Securities Litigation Reform Act of 1995.
 Such forward-looking statements may be identified by use of terms such as
 "can," "will," "expects," "anticipates," "believes" and "plans" and similar
 expressions, and include, but are not limited to, statements regarding the
 sales and business outlook for 2001 and beyond, the development and future
 expansion plans for the new facility, the features and benefits of Fiberstars'
 products and of the extrusion equipment and process, predictions of new
 technology introductions, ship dates and energy efficiency and statements or
 implications that the new technology will contribute to future growth.
 Investors are cautioned that all forward-looking statements involve risks and
 uncertainties that could cause actual results to differ materially from the
 results predicted. Risk factors that could affect the Company's future include
 the slowing U.S. economy and its effects on Fiberstars' markets, a failure to
 develop marketable products from new technologies, unanticipated costs of
 integrating acquisitions into the Fiberstars operation, delays in
 manufacturing of products, increased competition, a significant slowdown in
 geographic economies where the Company markets its products, other adverse
 sales and distribution factors and greater than anticipated costs and/or
 warranty expenses. For more information about potential factors which could
 affect Fiberstars financial results, please refer to Fiberstars' SEC reports,
 including its Annual Report on Form 10-K for the year ended December 31, 2000.
 These forward-looking statements speak only as of the date hereof. Fiberstars
 disclaims any intention or obligation to update or revise any forward-looking
 statements.
 
 SOURCE  Fiberstars, Inc.