ROANOKE, Va., March 28, 2011 /PRNewswire/ -- Optical Cable
Corporation (Nasdaq: OCCF) ("OCC®") today announced that it will
change its Nasdaq stock ticker symbol to "OCC" from "OCCF."
The new "OCC" ticker symbol will go into effect at the start
of trading on March 31, 2011.
The new ticker symbol is aligned with the Company's branding, as
Optical Cable Corporation is known throughout the industry and to
its customers as "OCC." The Company first built its strong
reputation among customers and end-users as a manufacturer and
provider of top-tier fiber optic cable products. Through
strategic acquisitions, OCC has positioned itself as a manufacturer
and provider of a full line of top-tier fiber optic and copper data
communications cabling and connectivity products. OCC
acquired Superior Modular Products Incorporated, doing business as
SMP Data Communications, in May 2008,
and Applied Optical Systems, Inc. in October
2009.
OCC's product offering now includes a comprehensive suite of
fiber optic and copper data communications cabling and connectivity
solutions, and integrated system solutions primarily for the
enterprise market, including designs for uses ranging from
commercial, enterprise network, datacenter, residential and campus
installations to customized products for specialty applications and
harsh environments, including military, industrial, mining and
broadcast applications.
OCC is celebrating the 15th anniversary of the Company's listing
and trading on the Nasdaq Stock Market. OCC was founded in
1983 and began trading on Nasdaq in March
1996.
Neil Wilkin, President and Chief
Executive Officer of OCC®, said, "We are pleased to announce our
ticker change which reflects that OCC is much more than a fiber
optic cable company. Our new ticker symbol is aligned with
the OCC brand and encompasses the expanded offering of fiber optic
and copper cabling and connectivity products we now manufacture and
provide. We look forward to building on OCC's strong
reputation and industry position by continuing to execute our
strategic plan to meet the full range of our customers' needs while
creating value for our shareholders."
Company Information
Optical Cable Corporation ("OCC") is a leading manufacturer of a
broad range of fiber optic and copper data communications cabling
and connectivity solutions primarily for the enterprise market,
offering an integrated suite of high quality, warranted products
which operate as a system solution or seamlessly integrate with
other providers' offerings. OCC's product offerings include
designs for uses ranging from commercial, enterprise network,
datacenter, residential and campus installations to customized
products for specialty applications and harsh environments,
including military, industrial, mining and broadcast applications.
OCC products include fiber optic and copper cabling, fiber
optic and copper connectors, specialty fiber optic and copper
connectors, fiber optic and copper patch cords, pre-terminated
fiber optic and copper cable assemblies, racks, cabinets, datacom
enclosures, patch panels, face plates, multi-media boxes and other
cable and connectivity management accessories, and are designed to
meet the most demanding needs of end-users, delivering a high
degree of reliability and outstanding performance
characteristics.
OCC® is internationally recognized for pioneering the design and
production of fiber optic cables for the most demanding military
field applications, as well as of fiber optic cables suitable for
both indoor and outdoor use, and creating a broad product offering
built on the evolution of these fundamental technologies. OCC
also is internationally recognized for its role in establishing
copper connectivity data communications standards, through its
innovative and patented technologies.
Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing
and warehouse facilities located in each of Roanoke, Virginia, near Asheville, North Carolina and near
Dallas, Texas. OCC primarily
manufactures its fiber optic cables at its Roanoke facility which is ISO 9001:2008
registered and MIL-STD-790F certified, its enterprise connectivity
products at its Asheville facility
which is ISO 9001:2008 registered, and its military and harsh
environment connectivity products and systems at its Dallas facility which is ISO 9001:2008
registered and MIL-STD-790F certified.
Optical Cable Corporation, OCC®, Superior Modular Products, SMP
Data Communications, Applied Optical Systems, and associated logos
are trademarks of Optical Cable Corporation.
Further information about OCC is available on the Internet at
www.occfiber.com.
FORWARD-LOOKING INFORMATION
This news release by Optical Cable Corporation and its
subsidiaries (collectively, the "Company" or "OCC") may contain
certain forward-looking information within the meaning of the
federal securities laws. The forward-looking information may
include, among other information, (i) statements concerning our
outlook for the future, (ii) statements of belief, anticipation or
expectation, (iii) future plans, strategies or anticipated events,
and (iv) similar information and statements concerning matters that
are not historical facts. Such forward-looking information is
subject to variables, uncertainties, contingencies and risks that
may cause actual events to differ materially from our expectations,
and furthermore, such variables, uncertainties, contingencies and
risks may also adversely affect Optical Cable Corporation and its
subsidiaries, the Company's future results of operations and future
financial condition, and/or the future equity value of the Company.
Factors that could cause or contribute to such differences
from our expectations or could adversely affect the Company
include, but are not limited to: the level of sales to key
customers, including distributors; timing of certain projects and
purchases by key customers; the economic conditions affecting
network service providers; corporate and/or government spending on
information technology; actions by competitors; fluctuations in the
price of raw materials (including optical fiber, copper, gold and
other precious metals, and plastics and other materials affected by
petroleum product pricing); fluctuations in transportation costs;
our dependence on customized equipment for the manufacture of our
products and a limited number of production facilities; our ability
to protect our proprietary manufacturing technology; our ability to
replace royalty income as existing patented and licensed products
expire by developing and licensing new products; market conditions
influencing prices or pricing; our dependence on a limited number
of suppliers; the loss of, or conflict with, one or more key
suppliers or customers; an adverse outcome in litigation, claims
and other actions, and potential litigation, claims and other
actions against us; an adverse outcome in regulatory reviews and
audits and potential regulatory reviews and audits; adverse changes
in state tax laws and/or positions taken by state taxing
authorities affecting us; technological changes and introductions
of new competing products; changes in end-user preferences for
competing technologies, relative to our product offering; economic
conditions that affect the telecommunications sector, certain
technology sectors or the economy as a whole; changes in demand of
our products from certain competitors for which we provide private
label connectivity products; terrorist attacks or acts of war, and
any current or potential future military conflicts; changes in the
level of military spending by the United
States government; ability to retain key personnel;
inability to recruit needed personnel; poor labor relations; the
inability to successfully complete the integration of the
operations of acquired companies; the impact of changes in
accounting policies and related costs of compliance, including
changes by the Securities and Exchange Commission (SEC), the Public
Company Accounting Oversight Board (PCAOB), the Financial
Accounting Standards Board (FASB), and/or the International
Accounting Standards Board (IASB); our ability to continue to
successfully comply with, and the cost of compliance with, the
provisions of Section 404 of the Sarbanes-Oxley Act of 2002 or any
revisions to that act which apply to us; the impact of changes and
potential changes in federal laws and regulations adversely
affecting our business and/or which result in increases in our
direct and indirect costs, including our direct and indirect costs
of compliance with such laws and regulations; the impact of the
Patient Protection and Affordable Care Act of 2010, the Health Care
and Education Reconciliation Act of 2010, and any revisions to
those acts that apply to us and the related legislation and
regulation associated with those acts, which directly or indirectly
results in increases to our costs; the impact of changes in state
or federal tax laws and regulations increasing our costs; impact of
future consolidation among competitors and/or among customers
adversely affecting our position with our customers and/or our
market position; actions by customers adversely affecting us in
reaction to the expansion of our product offering in any manner,
including, but not limited to, by offering products that compete
with our customers, and/or by entering into alliances with, making
investments in or with, and/or acquiring parties that compete with
and/or have conflicts with customers of ours; voluntary or
involuntary delisting of the Company's capital stock from any
exchange on which it is traded; the deregistration by the Company
from SEC reporting requirements, as a result of the small number of
holders of the Company's capital stock; adverse reactions by
customers, vendors or other service providers to unsolicited
proposals regarding the ownership or management of the Company; the
additional costs of considering and possibly defending our position
on such unsolicited proposals; impact of weather or natural
disasters in the areas of the world in which we operate, market our
products and/or acquire raw materials; an increase in the number of
the Company's capital stock issued and outstanding; economic
downturns and/or changes in market demand, exchange rates,
productivity, or market and economic conditions in the areas of the
world in which we operate and market our products; and our success
in managing the risks involved in the foregoing. The
foregoing is not intended to be complete and the Company is subject
to other variables, uncertainties, contingencies and risks than
those set forth above.
AT THE COMPANY:
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Neil Wilkin
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Tracy Smith
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Chairman, President &
CEO
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Senior Vice President &
CFO
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(540) 265-0690
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(540) 265-0690
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investorrelations@occfiber.com
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investorrelations@occfiber.com
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AT JOELE FRANK, WILKINSON
BRIMMER KATCHER:
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Andrew Siegel
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Aaron Palash
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(212) 355-4449 ext.
127
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(212) 355-4449 ext.
103
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occf-jfwbk@joelefrank.com
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occf-jfwbk@joelefrank.com
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SOURCE Optical Cable Corporation