Telephotonics to Present at the US Bancorp Piper Jaffray Technology and Communications Conference

Wilmington, MA August 3, 2001— Telephotonics Inc., a manufacturer of highly integrated optical components for metropolitan area networks, will be presenting at the US Bancorp Piper Jaffray Technology and Communications Conference (www.gotoanalysts.com/techcommconference) on Thursday, August 9, 2001 beginning at 2:55 pm. The conference is being held at the Seaport Hotel in Boston, Massachusetts.

Mr. William Giudice, President and Chief Executive Officer, will deliver the 30 minute presentation about Telephotonics, including a discussion of Telephotonics' general business and product offerings.

Telephotonics is one of the few private companies invited to speak at the event, which features over 150 of the leading public technology and communications companies, among them: Cox Communications, Qwest, JDS Uniphase, Cisco, Yahoo, Oracle, Ciena, Intel, and Amazon.com.

About Telephotonics
Telephotonics designs and manufactures highly integrated optical components for the Dense Wavelength Division Multiplexing (DWDM) market and other optical (photonic) segments of the global telecommunications and data communications markets. Telephotonics was founded in March 2000 and is emerging from stealth mode. Its 23,000 square foot headquarters and manufacturing facility is located at the Fordham Road Industrial Park in Wilmington, Massachusetts. Visit their website at www.telephotonics.com.

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Copyright 2001, Telephotonics, Inc. All rights reserved.