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OPTELECOM, INC., ANNOUNCES THIRD QUARTER RESULTS

 OPTELECOM, INC., ANNOUNCES THIRD QUARTER RESULTS
 GAITHERSBURG, Md., Nov. 10 /PRNewswire/ -- Optelecom, Inc.,


(NASDAQ: OPTC) today released the following earnings information for the quarter ended Sept. 30, 1992:
 OPTELECOM, INC.
 Three Months Three Months
 Ended Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenue $1,332,065 $1,128,135
 Net Income $ 98,488 $ 33,453
 Earnings Per Share $ 0.09 $ 0.03
 These results reflect continued strong improvement in the company's revenue and profitability. At the end of the quarter, total company backlog was a record $3.4 million, which consisted of $1.8 million for spare laser systems for the U.S. Air Force, $580,000 for activities of the R&D Division and $998,000 for the Communication Products Division.
 The CPD backlog included a $250,000 contract for fiber optic video and data transmission equipment for use by the U.S. Navy. This is in addition to a contract for $260,000 for similar equipment purchased earlier this year. It is anticipated that Optelecom will provide additional systems in the future.
 In addition, Optelecom received a contract for $103,000 to supply fiber optic communications equipment to be used by a major telephone common carrier. This is the company's first entry into the market for fiber optic telephone equipment, which has the potential for sizable growth.
 The R&D backlog included a contract for $83,000 for underwater fiber optic payout systems from the Naval Coast Systems Station, Panama City, Fla. These systems are to be used in trial tests for the Airborne Mine Neutralization Systems (AMNSYS). AMNSYS is a system for disposal of enemy mines at sea, an area of U.S. Naval deficiency highlighted by the Gulf War. Optelecom anticipates participating in future development and production associated with AMNSYS.
 -0- 11/10/92
 /CONTACT: Dr. William H. Culver, chairman, or Edmund D. Ludwig, president and CEO, Optelecom, 301-840-2121/
 (OPTC) CO: Optelecom ST: Maryland IN: CPR SU: ERN


TW -- DC015 -- 9282 11/10/92 12:21 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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