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March 2001

Reflexite Corporation Names New Chief Operating Officer

Rochester, New York – Reflexite Corporation, promotes Michael F. Foley, PhD, President, of Fresnel Optics, Inc., A Reflexite Company, to President and Chief Operating Office (COO) of Reflexite Corporation. Michael Foley will report to Cecil Ursprung, CEO, and be responsible for developing and achieving the corporation’s Annual Business Plan. In addition, Mr. Foley will play a major role in assisting the CEO, Cecil Ursprung, in implementing Reflexite’s Management of Light ® (MoL) business strategy, which will include acquisition activities, investigation of new business opportunities, and setting the company’s strategy for the future. This promotion comes in recognition of Mr. Foley’s leadership ability and business development expertise, and the corporation’s need to accelerate the implementation of the MoL business concept.

Mr. Foley joined Fresnel in September, 1997, as President, Fresnel Optics. Under Mr. Foley’s leadership, Fresnel Optics has grown to an international company with well over 120 employee-owners worldwide.

Prior to joining Fresnel, Mr. Foley was Group Vice President and General Manager for the Laboratory Products Group of Life Sciences International, Inc. in Needham, Massachusetts. Life Sciences International is a leading manufacturer of scientific equipment. Prior to that position, he was Manager of Process and Product Development for the Contact Lens Division of Bausch and Lomb, Inc. in Rochester. Before joining B & L, Mr. Foley held project management, marketing and technical positions at Draper La bs in Cambridge, Massachusetts.

He holds Bachelor of Science and Master of Science degrees in Mechanical Engineering from the Massachusetts Institute of Technology. He also has a PhD in Polymer Processing from MIT with a Minor in Business Administration from the Sloan School of Management. Mr. Foley was a college All-American Athlete and two time captain of the MIT lacrosse team and also a member of MIT’s NECHA Division III College Hockey Championship team. His hobbies include physical fitness, computers, literature and music. Mr. Foley, his wife, and 3 children will be relocating this spring from Rochester to the Avon, Connecticut area.

Reflexite Corporation is an employee-owned company based in Avon, Connecticut. The Reflexite Reflective Products Business develops, manufactures, and markets retroflective products based on its proprietary technologies to enhance visibility and safety worldwide. The principal industries include road building and management, fleet, utility, fire, law, enforcement, agriculture, automotive, and recreation. Founded in 1970, Reflexite now has offices in the United States, Australia, China, Canada, Denmark, Germany, France, Ireland, Italy, Japan, Korea, Malaysia, Sweden, Taiwan, and the United Kingdom.

Fresnel Optics is a Rochester based manufacturing company, which develops, manufactures, and markets microstructured optical components for the display industry, digital projection industry, lighting industry, and photographic marketplace. They also have manufacturing facilities in Europe (Fresnel Optics GmbH) located in Apolda, Germany, and in Asia (Rui Fei Optics) located in Xiamen, China. Fresnel Optics is a wholly owned subsidiary of Reflexite Corporation.

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