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January 2002

Fresnel Optics Inc., A Reflexite Company, Announces a Name Change to Reflexite Display Optics

Rochester, New York - Fresnel Optics Inc., a Reflexite Company, announces a name change. They will now be known as Reflexite Display Optics (www.display-optics.com). Joe Lupone, President of Reflexite Display Optics, explained that "Reflexite's Management of LightŪ business strategy calls for the exploitation of our core competencies in optical engineering, microreplication, and polymer processing into new markets. We will continue to expand and evolve our product offering as we move beyond traditional Fresnel optical components." Reflexite Display Optics will remain a part of the Reflexite Corporation.

According to Dr. Michael F. Foley, President and COO of Reflexite Corporation, "Reflexite Display Optics will build on the 35-year history of Fresnel Optics by continuing to expand manufacturing processes, product development capabilities and geographic reach. The Reflexite Display Optics business will focus specifically on applications for our core technologies in the display industry. This is a natural evolution and fits well with Reflexite's Management of LightŪ business concept". Foley added "Reflexite will continue to serve other traditional Fresnel Optics markets such as instrumentation and lighting through our Reflexite Lighting Optics (www.lighting-optics.com) and Reflexite Instrumentation Optics (www.instrumentation-optics.com) businesses. Custom development work will be handled through Reflexite Microstructured Optics (www.microstructured-optics.com). All of these businesses were born out of Fresnel Optics, and we are proud of our employee-owners at Fresnel for creating the foundation for future growth."

Reflexite Display Optics has manufacturing capability in Rochester, New York, Avon, Connecticut, Apolda, Germany and Xiamen, China, plus a sales office Sacramento, California. Manufacturing processes include compression molding, injection molding, high precision molding, embossing and casting. The company develops and manufactures both microstructured components and film products for display OEM's, including laptops, display video walls, rear projection manufacturing, LCD projectors and overhead projectors. Other operations include coating, assembly and laminating.

In 2000, Reflexite Display Optics received a $4.8 million United States Display Consortium (USDC) grant to develop a US based source of Rear Projection Manufacturing screens. Phase I of the work has been completed and Phase II will result in production of screen systems for rear projection monitors, video walls, and digital TV's.

Reflexite Corporation is a 30 year-old, employee-owned company whose business is the Management of LightŪ. The company combines optical engineering, microreplication and polymer processing technologies to produce differentiated products for customers worldwide. The corporation's businesses include Display Optics, Reflective Products, Lighting Optics, Instrumentation Optics and Microstructured Optics.



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