Sagitta Signs Agreement with PHI Fiberoptik for Scandinavian Distribution of its Gemini Platform

( DECEMBER 2002 )


Hauppauge New York, (December, 2002)-Sagitta, manufacturing the fiber optics industry's first fully automated polish-clean-inspect platform for components and connectors, today announced that it has signed an exclusive agreement with PHI Fiberoptik to distribute its products throughout Scandinavia.

"A strong presence in Scandinavia is part of our strategy of expanding our global presence and extending our value-add manufacturing solutions throughout the market," said Mr. Bob Postle, Corporate Vice President of Sales at Sagitta. "The team at PHI Fiberoptik brings with it a deep understanding of our customers' needs, and will help us achieve that goal. We are very happy to be partnering with the Nordic countries' leading supplier of key fiberoptics equipment and instrumentation."

"We are very excited about our agreement with Sagitta and the prospect of introducing ground-breaking manufacturing solutions to our customers," said Peter Hornung, Founder and Managing Director of PHI Fiberoptik. "By fully automating the polish-clean-inspect of fiber-optic components and connecters, Sagitta's Gemini platform offers true value-add manufacturing for increases in yield and decreasing cost per piece. In any market conditions, the Gemini will enable our customers to accelerate the implementation of true factory automation and receive an attractive return on capital investment."

About PHI Fiberoptik

PHI Fiberoptik, founded in 1988 in Denmark with a direct presence throughout all the Nordic countries, is a specialized distributor within fiberoptics. The company offers the most advanced and highest level of quality test equipment, a wide range of active and passive components, and distribution racks. Furthermore, Phi offers a wide range of installation equipment, which covers almost any need that an installer may have for consumables and verification of the installed network. PHI also offers a wide range of customer designed training programs covering all items from fundamental fiberoptics courses, splicing and connectorisation courses, to advanced factory splicing and measurement courses with cable manufacturers etc. For more information on PHI Fiberoptik please visit the company's website at www.phi-fiber.com.

Sagitta has a deep portfolio of patented technology in materials surface processing, machine vision and system control software and robotics. The company has approximately 50 employees in its NY and Israel facilities and offers a suite of products for the fiberoptic and Semiconductor market with over 40 installations worldwide.