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SPECTRAN SHAREHOLDERS 'CELEBRATE' 10TH ANNIVERSARY

 BOSTON, May 28 /PRNewswire/ -- "As we approach our 10th anniversary as a publicly owned optical fiber manufacturer, we have successfully faced the challenges of an emerging company in a young, dynamic industry. We have grown, matured and are strongly positioned technically and financially to meet the increased competition and global opportunities that are ahead," Raymond E. Jaeger, president and chief executive officer, of SpecTran, told the annual meeting of shareholders here today.
 "In the short term, strong competition, the expiration of patent protection and a soft international economic environment will keep pressure on selling prices. However, these conditions are only temporary. An ever increasing need to access, communicate and process every conceivable type of information will require worldwide data highways beyond the capabilities of existing communication systems, and they will be constructed primarily of fiber," he noted.
 "SpecTran has been addressing the issues that will ensure its meaningful participation in this exciting future. These considerations include organizational strength, cost structure, product scope and performance, critical size and quality," Jaeger added.
 "We have successfully faced the permutations of a developing market and have emerged in a sound financial and competitive position. The fundamental product capabilities that represent the strength upon which SpecTran will base its growth over the next several years are multimode fiber for customer premise systems, single mode fiber for local networks and other communications applications, special performance fibers, and engineered versions of all three for developing markets. We will continue to explore acquisitions and partnerships that offer value-added and diversified capabilities in each of these product areas.
 "Our strategy for achieving SpecTran's next decade of growth is to position the company on a more global scale as a quality supplier of fiber and fiber-based products for data communications, telecommunications and a variety of special performance applications. We believe we can achieve this goal and that stockholders who share this longer view will benefit through enhanced shareholder value generated by SpecTran's important participation in the vibrant growth of the optical fiber industry."
 At the meeting, shareholders re-elected Joseph C. Bothwell Jr. and Ira S. Nordlicht to three-year terms on the board of directors. Terms of the five remaining directors did not expire this year. In addition, shareholders ratified the appointment of KPMG Peat Marwick as independent auditors for 1993.
 -0- 5/28/93
 /CONTACT: Bruce A. Cannon of SpecTran, 508-347-2261/
 (SPTR)


CO: SpecTran Corporation ST: Massachusetts IN: SU:

LR-CK -- NY027 -- 3380 05/28/93 12:07 EDT
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Date:May 28, 1993
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