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FIBERTECH NEWS & PRESS RELEASE

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July 9, 2007, 12:00:00 am
FiberTech becoming a subsidiary of Fujikura Ltd.

Announcement of change of shareholders


A basic agreement on the plan to make FiberTech a subsidiary of Fujikura (listed on the First Section of the Tokyo / Osaka Stock Exchange) has been reached

A medical device company FiberTech Co., Ltd. (head office: Chiyoda-ku, Tokyo, President: Shinya Miike, hereinafter “FiberTech”) has announced that its 100% parent company, Internet Research Institute, Inc. (head office: Shinjuku-ku, Tokyo, President: Hiroshi Fujiwara, hereinafter “IRI”) and Fujikura Ltd. (head office: Koto-ku, Tokyo, President: Kazuhiko Ohashi, hereinafter “Fujikura”) have signed an agreement to transfer 97.5% of FiberTech’s shares from IRI to Fujikura. Concurrently, IRI and Shinya Miike, FiberTech’s President, have signed an agreement to transfer the remaining 2.5% of FiberTech’s shares from IRI to Shinya Miike. Accordingly, FiberTech will become a subsidiary of Fujikura as of July 10, 2007.

Over the past 3 years with the strong support of IRI, FiberTech has conducted business activities centering on ultra-thin fiberscopes under its company philosophy of “offering less-invasive and non-invasive medical devices, and developing technologies for seeing the invisible, thereby providing gentle remedies to patients and medical staffs”. At the same time, as a member of IRI group, FiberTech has gained a foothold in introducing IT to the medical field. FiberTech is determined to strengthen partnership with Fujikura to pursue company growth and also to contribute to society through its business activities.

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