Gould Announces Sale of Fiber Optics Unit

EASTLAKE, Ohio, June 22 /PRNewswire/ — Gould Electronics said that it has sold its Fiber Optics unit to Applied Fiber, Inc. of Albany, GA. Based in Millersville, MD, Gould Fiber Optics produces fiber optic couplers with value-added assemblies. Terms of the transaction, which closed on April 30, 2004, were not disclosed.

Gould is a worldwide leader in the production of printed circuit materials, including JTC(TM) electrodeposited copper foil, CAC(R) (Copper-Aluminum-Copper) foil, TCR(R) resistor foil and TCC(R) embedded capacitor foil. Headquartered in Eastlake, OH, the company operates facilities in North America and Europe. Gould is a unit of Nikko Materials USA, Inc. More information is available at http://gould.com/ .

Gould Electronics

CONTACT: Jim Roop, +1-216-902-3800, or jroop@roopco.com , for GouldElectronics

Web site: http://gould.com/