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3.14.2007

Former Nortel Networks Executive Joins Covega Corporations Board of Directors

Jessup, MD (March 14, 2007) – Covega Corporation, a leading provider of state-of-the-art, opto-electronic components and subsystems, announced today that Dr. Michael G. Scott joined the Covega Corporation board of directors.

Dr. Scott brings over two decades of optical communications and semiconductor experience to Covega. As the Vice President Technology, Optical Components for Nortel Networks, between 1996 and 2002, Dr. Scott pioneered the development of new and disruptive technologies and products, thus helping to create the foundation for Nortel’s global leadership in optical networks markets. During his tenure with Nortel Networks, and later, as the Chief Technology Officer in Bookham, Dr. Scott has successfully executed a number of M&A activities.

“I’m thrilled to welcome Mike to the Covega board”, said Covega CEO Joe Dixon. “His profound understanding of the optical components industry and deep experience in leading telecom system integrators and fiber-optics government agencies will be invaluable as we execute our mission to build an industry leader in the optical components and module business”.

“I’m delighted to join the dynamic board of this outstanding company,” said Mike Scott. “Covega is focused on bringing to market best of class innovative products and services enabling value-added solutions for optical telecom networks, medical, instrumentation and defense applications.”

Dr. Scott is the Chair of the Canadian Photonics Consortium, Visiting Professor and Strategic Adviser for the Centre for Research in Photonics and Adjunct Professor, School of Management, University of Ottawa. He also serves as a board member and adviser to several optical companies and to both the UK and Canadian governments.

About Covega Corporation
Covega Corporation has established world-class proprietary technologies in InP and LiNbO3 to produce high performance optical devices and modules at a low cost with a very small footprint. Today, Covega is a leading provider of state-of-the-art opto-electronic components and subsystems with a wide range of products and services to meet the needs of its diverse customer base. Covega’s differentiator is in its superior product performance based on its proprietary intellectual properties in InP and LiNbO3 technologies. With early focus on the telecom and datacom industries, Covega now generates over one-third of its revenue from serving the defense, medical, industrial, sensing, test & measurement and instrumentation industries. For more information, please visit www.covega.com.