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Continuum Expands to a 24,000 Square Foot Facility To Accommodate Steady Growth

Billerica, MA - October 11, 2002 - As a result of its recent growth, Continuum Photonics, Inc., an emerging leader in high-performance optical subsystems and components for the telecommunications industry, today announced it will relocate its corporate headquarters to a 24,000 square foot facility in Billerica, Massachusetts.

Just 20 miles north of downtown Boston, the state-of-the-art facility will accommodate Continuum’s growth in engineering, manufacturing, product testing, and customer support. The new facility will enable Continuum to deliver evaluation units of its optical switch subsystems, which are scheduled to ship in the first half of 2003, as well as continue development of its next generation optical components.

"Over the past year, we have done a good job of meeting our development and financial milestones,” said Jeffrey Farmer, Continuum’s CEO. “This expansion enables Continuum to continue to scale engineering, manufacturing, and our customer service operations in order to deliver carrier class sub-systems to top-tier equipment manufacturers."

Continuum will officially relocate to the new Billerica office on Tuesday, October 15, 2002. The facility is located in the Manning Park Technology Center, 5 Fortune Drive, Billerica, MA 01821; the main phone number is (978) 670-4910. Please visit our web site at www.continuumphotonics.com for directions and further information.

About Continuum Photonics

Headquartered within Boston's high-tech beltway, Continuum is dedicated to bringing the highest performance photonic subsystem and system products to its customers. Leveraging commonality across its platform of patented technologies, DirectLight optical switches are the first in a series of products from Continuum aimed at changing the traditional economics of the communications and test industries. Founded in 1998, Continuum brings together a world-class team, and an extensive product history in aerospace, automotive, consumer products, and the military, where Continuum's products have been designed to meet the most demanding requirements. Continuum is supported through investments by Flagship Ventures, Prism Venture Partners, Harris and Harris Group, GE Capital, MTDC, Arcadian Venture Partners, and Gainesborough Investments.

For more information, please visit www.continuumphotonics.com

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Contacts

For Continuum Photonics, Inc.

Aaron A. Bent, PhD
Continuum Photonics, Inc.
978-670-4910, x189