September 10, 2001

Finisar Announces New Transceiver Modules that Dramatically Lower the Cost of Metropolitan Area Networks CWDM APD GBIC Transceiver Modules

SUNNYVALE, Calif., September 10, 2001 -- Finisar Corporation (Nasdaq: FNSR), a technology leader in gigabit fiber optic solutions for high-speed data and telecommunication networks, announced today its new line of Coarse Wave Division Multiplexing (CWDM) APD GBIC modules, the FTR-1621-xx and FTR-1619-xx. Using Finisar’s advanced APD technology, these transceivers are designed expressly for metropolitan area networks (MANs) requiring high-speed, optical communications at data rates from 125Mbps to 2.7Gbps and link budgets of up to 30dB.

The FTR-1621-xx and FTR-1619-xx GBICs provide a cost-effective solution for metro access topologies where gigabit-rate signals need to be transported between locations separated by metropolitan distances. Finisar's CWDM GBICs work with Finisar OADMs and Mux/Demux’s to create sophisticated metropolitan area networks that address the key issues for network providers: Transparency, Scalability and Cost-Effectiveness.

The FTR-1621-xx is a multirate GBIC that operates at data rates from 125Mbps to 2.7Gbps with 28dB receiver sensitivity. The FTR-1619-xx operates at 1.0625Gbps Fibre Channel and 1.25Gbps Gigabit Ethernet data rates with 30dB receiver sensitivity.

The FTR-1621-xx and FTR-1619-xx are available in 8 wavelengths: 1470, 1490,1510, 1530, 1550, 1570, 1590 and 1610 nm.

As in all other Finisar optical GBIC modules, “smart” digital diagnostic functions are provided. These digital diagnostic functions provide calibrated real time measurements of the laser bias current, the transmitted optical power, the received optical power, and the internal transceiver temperature. They allow telecommunication and data communications companies to implement reliable performance monitoring of the optical link in a very accurate and cost-effective way.

Optical transceivers are utilized by telecommunications and networking equipment manufacturers in their optical transmission systems, to convert high-speed electrical signals to optical signals and vice-versa for transmission over fiber optic cables.

ABOUT FINISAR
Finisar Corporation (Nasdaq: FNSR) is a innovative developer of fiber optic subsystems and network performance test systems which enable high-speed data communications over Gigabit Ethernet local area networks (LANs), Fibre Channel storage area networks (SANs)), and metropolitan data networks applications (MANs), and CATV). The Company is focused on the application of digital fiber optics to provide a broad line of high-performance, reliable, value-added optical subsystems for networking, storage and telecommunications equipment manufacturers. The Company’s headquarters are located at 1308 Moffett Park Drive, Sunnyvale, CA 94089. For more information, visit the Company’s web site at http://www.finisar.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Finisar Corporation's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this document are based upon information available to Finisar Corporation as of the date hereof, and Finisar Corporation assumes no obligation to update any such forward-looking statements. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. Other risks relating to Finisar Corporation's business are set forth in Finisar Corporation's Form 10-K report for its fiscal year ending April 30, 2001, as filed with the Securities and Exchange Commission, and other reports filed from time to time with the Securities and Exchange Commission.


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