Chemfab announces first quarter fiscal 1996 earnings up 56 percent.

(CHEMFAB) (OTC:CMFB) today announced that first quarter earnings per share increased 56 percent over the same period in the prior year.

Net income for the quarter, which ended Oct. 1, 1995, was $1,359,000, or $.25 per share, compared with $823,000, or $.16 per share, for the same quarter a year ago. Worldwide sales for the quarter, which comparatively benefitted from a February 1995 business acquisition, rose 35 percent to $18.5 million from $13.7 million in the first quarter of the prior year. Measured in constant foreign currency exchange rates, the sales increase would have been 34 percent.

Commenting on the results for the quarter, Duane C. Montopoli, Chemfab's president and chief executive officer, said "We are very pleased with the Company's performance for the first quarter which reflects strong earnings in both our U.S. and European business operations. The overall performance of the recently acquired Tygaflor business and strong growth in the sale of architectural products contributed significantly to these results. We continue to expect the company to generate record sales and earnings for the full fiscal year."

Chemfab Corp. is an international company that develops, manufactures and markets polymer-based engineered products and material systems for use in severe service environments. The Company's products typically consist of fiber-reinforced flexible composites, coated or laminated with fluoropolymers and specialty fluoropolymer films. Worldwide end-use applications are in electronics, environmental, food processing, architectural, aerospace, communications, protective clothing, and other industrial markets.

                           Chemfab Corporation
                          Financial Highlights

                                       Quarter Ended
                          Oct. 1, 1995        Oct. 2, 1994

Net Sales                  $18,466,000         $13,722,000
Gross Profit                 5,899,000           4,363,000
Selling, General and
  Administrative Expenses    3,261,000           2,776,000
Research and Development       545,000             482,000
Other Income                    (1,000)             (6,000)
Interest Expense
 (Income), Net                 138,000             (80,000)
Results of Equity Operations        --              23,000

Income Before
 Income Taxes                1,956,000           1,168,000
Provision for Income Taxes     597,000             345,000
Net Income                  $1,359,000           $ 823,000

Earnings Per Share               $0.25               $0.16

Weighted Average Common and
  Common Equivalent Shares   5,421,000           5,287,000

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CONTACT: Chemfab Corp.

William H. Everett, 603/424-9000