MA, August 22, 2002 - Dr. Hua Jiang, former Site Manager and
Chief Technology Officer of Corning Applied Technologies (CAT),
a subsidiary of Corning Incorporated, announced today the formation
of Boston Applied Technologies Incorporated (BATI), a Massachusetts
corporation registered on July 3, 2002, by the key technical and
management team formerly with Corning Applied Technologies. BATI
has acquired the right to market and manufacture the OptoCeramicTM;
based light intensity and polarization management products developed
at CAT for the telecommunications and instrumentation industries.
materials are a family of transparent ceramics with exceptional
high electro-optic coefficient and fast response speed. The light
intensity and polarization products, based on the revolutionary
OptoCeramicTM; materials technology platform, feature
high reliability (Telcordia qualification), high performance (high
speed and small footprint), and low cost.
Jiang, President and CEO of BATI, stated: "We're very enthusiastic
about the opportunities for these products. Although the telecommunications
industry is experiencing a serious downturn and consolidation, we
are confident that our technology is sustainable; the mature and
proven products will win again based on the low cost and high performance
nature and a diverse customer base." Dr. Jiang further emphasized,
"We have a winning team with an excellent track record in commercialization
of government sponsored programs. We will continue to implement
our strategy and develop next generation products to further strengthen
many years' development effort and a group of industry pioneers,
BATI is ready to take off from a leveraged starting point"
concluded Jiang. "We are extremely excited about the future
of our business in providing our customers with a complete photonic
solution of the highest standard."