OCPI Optical Communic Proda (MM)

Optical Communication Products, Inc. (Nasdaq:OCPI), a manufacturer of fiber optic subsystems and modules for metropolitan area, local area and storage area networks, today announced that Muoi Van Tran, the Company's Chairman, Chief Executive Officer and President, Mohammad Ghorbanali, the Company's Chief Operating Officer and Vice President of Technical Operations, and Susie L. Nemeti, the Company's Chief Financial Officer, Secretary and Vice President of Finance and Administration, in accordance with the Company's insider trading policy and Securities and Exchange Commission Rule 10b5-1, have each established separate written plans to provide for pre-determined sales of a portion of their holdings of the Company's Class A common stock, subject to certain price restrictions and other contingencies. Under the plans, each of which will extend until February 29, 2008, Dr. Tran intends to sell up to a maximum of 4 million shares, which represents approximately 24% of his current holdings of the Company's Class A common stock and options to purchase Class A common stock; Mr. Ghorbanali intends to sell up to a maximum of 2 million shares, which represents approximately 19% of his holdings of the Company's Class A common stock and options to purchase Class A common stock; and Ms. Nemeti intends to sell up to a maximum of 500,000 shares, which represents approximately 12% of her holdings of the Company's Class A common stock and options to purchase Class A common stock. The plans may be amended or terminated prior to their expiration dates. Rule 10b5-1 permits implementation of a written plan for stock selling at times when insiders are not in possession of material non-public information and allows them to sell shares on a regular basis, regardless of any subsequent material non-public information they receive or the price of the stock at the time of the sale. The officers indicated that they adopted the plans as part of a long-term, personal financial strategy for asset diversification and liquidity as a substantial portion of each of their personal net worth being in common stock and options of the Company. They also indicated they were adopting the plans to minimize the market effect of such sales by spreading them over a more extended period of time than the traditional trading "window" and to avoid concerns about initiating stock transactions while possibly in possession of material non-public information. Transactions made under the plans will be disclosed publicly through Form 4 filings made with the Securities and Exchange Commission. In addition, transactions will be subject to the restrictions mandated by Rule 144 of the Securities Act of 1933, as amended. About OCP OCP designs, manufactures and sells a comprehensive line of high performance, highly reliable fiber optic subsystems and modules for metropolitan area, local area and storage area networks. OCP's subsystems and modules include optical transmitters, receivers, transceivers and transponders that convert electronic signals into optical signals and back to electronic signals, enabling high-speed communication of voice and data traffic over public and private fiber optic networks. For more information visit OCP's web site at www.ocp-inc.com. OCP was founded in 1991 and has its headquarters in Woodland Hills, California. The Furukawa Electric Co. Ltd., based in Tokyo, beneficially owns 58.4% of OCP's outstanding capital stock as of December 31, 2005. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted. Important factors which could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those detailed under "Risk Factors" and elsewhere in filings with the Securities and Exchange Commission made from time to time by OCP, including its periodic filings on Forms 10-K, 10-Q and 8-K. Other factors that could cause our actual results to differ materially from those expressed or implied in the forward-looking statements include the risks that the market downturn in the fiber optic communications market will last longer than anticipated, our customers are unable to reduce their inventory levels in the near-term, and we are unable to diversify and increase our customer base. On September 29, 2003, OCP announced that a special committee of its board of directors is evaluating strategic alternatives to enhance shareholder value and liquidity and that the special committee had retained Bear, Stearns & Co. Inc., which is advising the committee in evaluating strategic alternatives, including a special dividend, share repurchases, strategic merger or sale of the Company. Other factors that could cause OCP's actual results to differ materially from those expressed or implied in the forward-looking statements include the risk that none of the strategic alternatives being evaluated will be implemented by OCP. OCP undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.