Delaware Court Denies Oplink's Request to Expedite Proceedings in Its Challenge to the 30-Day Shareholder Rights Plan Recently A

  
    
  
  
    
      The Special Committee of Optical Communication Products, Inc.’s 
      (Nasdaq: OCPI) (“OCP”) 
      Board of Directors today announced that the Delaware Court of Chancery 
      has denied the request by Oplink Communications, Inc. (“Oplink”) 
      to expedite the proceedings in Oplink’s 
      lawsuit over the 30-day shareholder rights plan OCP recently implemented 
      to protect the interests of its minority shareholders.
    
    
      In its lawsuit, Oplink requested expedited discovery and for the trial 
      to begin in June. Yesterday, the Court denied Oplink’s 
      requests, stating that Oplink had failed to meet the legal requirements 
      under Delaware law for obtaining an expedited proceeding.
    
    
      On April 23, OCP’s Board of Directors 
      received a letter from Oplink indicating it had entered into a stock 
      purchase agreement with The Furukawa Electric Co., Ltd. (“Furukawa”) 
      to purchase Furukawa’s interest in OCP’s 
      outstanding common stock for $1.50 per share, payable in cash and stock 
      of Oplink. Furukawa beneficially owns 58.1% of OCP’s 
      outstanding common stock as of March 31, 2007. In addition, Oplink 
      proposed to purchase OCP’s remaining 
      outstanding common stock not owned by Furukawa for $1.50 per share.
    
    
      On May 3, the Special Committee of OCP’s 
      Board of Directors approved a limited shareholder rights plan in order 
      to safeguard the interests of OCP’s minority 
      shareholders. Under the plan, the Special Committee declared a dividend 
      distribution of one right for each outstanding share of OCP common stock 
      to shareholders of record as of May 14, 2007.
    
    
      A copy of the shareholder rights plan is available on the investor 
      relations portion of OCP’s web site at www.ocp-inc.com.
    
    
      About Optical Communication Products, Inc. (OCP)
    
    
      Founded in 1991, OCP designs, manufactures and sells a comprehensive 
      line of fiber optic components for metropolitan, local area and 
      fiber-to-the-home networks. Its global speed-to-market strategy calls 
      for increased international market penetration, fast-paced product 
      development and flexible, turnkey manufacturing capacity. The Company’s 
      product lines include optical transceivers, transmitters and receivers. 
      For more information, visit OCP’s web site at www.OCP-inc.com 
      or Investor Digest at www.globalprovince.com/ocpiindex.htm.
    
    
      Safe Harbor Statement under the Private Securities Litigation Reform 
      Act of 1995
    
    
      This release contains forward-looking statements that involve risks and 
      uncertainties. Actual results may differ materially from the results 
      predicted. Important factors which could cause actual results to differ 
      materially from those expressed or implied in the forward-looking 
      statements include those detailed under “Risk 
      Factors” and elsewhere in filings with the 
      Securities and Exchange Commission made from time to time by OCP, 
      including its periodic filings on Forms 10-K, 10-Q and 8-K. Other 
      factors that could cause our actual results to differ materially from 
      those expressed or implied in the forward-looking statements include (A) 
      factors relating to the Company and the fiber optic communications 
      industry, such as (i) the risk that our customers are unable to reduce 
      their inventory levels in the near-term and (ii) the risk that we are 
      unable to diversify and increase our customer base; (B) factors relating 
      to the acquisition of GigaComm, such as (i) the possibility that the 
      anticipated benefits from the acquisition cannot be fully realized, (ii) 
      our ability to successfully integrate the operations of GigaComm with 
      those of OCP, and the possibility that costs or difficulties related to 
      the integration will be greater than expected, (iii) our ability to 
      implement future business and acquisition strategies, and (iv) our 
      ability to retain personnel of GigaComm; (C) factors relating to our 
      manufacturing contract with SAE Magnetics, such as the possibility that 
      the expected benefits from that contract will not be fully realized or 
      will be delayed; (D) factors relating to doing business in Taiwan and 
      The People’s Republic of China, such as, but 
      not limited to (i) risks relating to political and diplomatic issues 
      between Taiwan and The People’s Republic of 
      China, (ii) difficulty of managing global operations, including staffing 
      and managing foreign operations, (iii) differing labor regulations, and 
      (iv) foreign currency risk; and (E) factors relating to Oplink’s 
      pending acquisition of the shares of OCP capital stock beneficially 
      owned by Furukawa and Oplink’s proposal to 
      acquire the remaining outstanding capital stock of OCP by means of a 
      merger. OCP undertakes no obligation to release publicly any revisions 
      to any forward-looking statements to reflect events or circumstances 
      after the date hereof or to reflect the occurrence of unanticipated 
      events.