Chemfab Corporation Announces the Formation of an Elastomer Products Division.

MERRIMACK, N.H.--(BUSINESS WIRE)--March 29, 1999--Chemfab Corporation (NYSE:CFA) today announced the formation of an Engineered Elastomer Products(TM) Division within the Company. The Engineered Elastomer Products Division (E2 (TM)) will focus on the design and manufacture of finished products based on high performance, engineered elastomer materials addressing the needs of the medical electronics, personal care, health care, food processing and specialty apparel markets. The E2 (TM) Division will be headquartered in Poestenkill, NY and will be lead by Patricia Blanc, General Manager, and Lynn Momrow, Operations Manager. Ms. Blanc and Ms. Momrow joined Chemfab in June of 1998 and bring 25 years of combined industry experience in silicone elastomer technology, technical marketing and manufacturing to Chemfab.

Expressing excitement about the prospects for the new Division, Dr. John W. Verbicky, Chemfab's President and Chief Executive Officer said, "During the third quarter of this fiscal year we completed our first commercial sale of molded elastomer products into the health care market. The creation of the E2 Division is a result of the progress we have made in developing and expanding our elastomer processing capabilities." Dr. Verbicky added "The new division will bring organizational and commercial focus to our continuing effort to address opportunities in these growing markets with new products that leverage our core technology and knowledge of polymer materials. The formation of E2 takes Chemfab to the logical next step in our overall growth strategy to broaden the polymer products we offer and the markets we serve."

Chemfab Corporation is a world leader in polymer-based engineered products and materials systems for use in severe service environments. Chemfab's principal core competence is in the design, manufacture and fabrication of flexible fiber-reinforced fluoropolymer composite materials which comprise, in whole or in part, the majority of its products. The Company also produces and sells specialty fluoropolymer films and silicone-based products. Worldwide end-use applications are in electrical, environmental, food processing, architectural, aerospace, communications, protective clothing, other industrial markets and consumer bakeware applications.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned those forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, including operational challenges and market penetration obstacles pertinent to the start-up of a new business. Additional information concerning certain other risks and uncertainties that could cause actual results to differ materially from those projected or suggested, is contained in the Company's other press releases and filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or the Company upon request. The forward-looking statements contained herein represent the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on such statements.

Engineered Elastomer Products and E2 are pending tradename and trademark registrations of Chemfab Corporation.