OZ OPTICS RECEIVES 2007 ONTARIO GLOBAL TRADERS AWARD

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Ottawa Canada – July 14, 2007

OZ Optics Limited, a world-wide leading supplier of fiber optic components, test equipment and optical sensors has been named a recipient of a 2007 Ontario Global Traders Award.

The award is being presented to OZ Optics by the Ontario Chamber of Commerce and the Ontario Ministry of Economic Development and Trade. The presentation will occur at the Outstanding Business Achievement Awards gala on October 23, 2007 at the Metro Toronto Convention Centre.

The Ontario Global Traders Award honours the top exporters from across Ontario. The award is presented annually to companies that embody excellence and are representative of the many success stories in Ontario's business community.

"OZ Optics has been exporting world-class innovative optical products for over 20 years", said Mr. Omur Sezerman, President and Chief Executive Officer of OZ Optics. "Ontario has been our home since 1987 and we have found the province, and Ottawa in particular, to be excellent place from which to launch and grow a high-tech manufacturing business".

About OZ Optics Limited

Founded in 1985, OZ Optics Limited designs, manufactures and markets fiber optic components for existing and next-generation optical networks and systems based on proprietary technology, trade secrets and patents. OZ Optics products enable customers to develop optical networking systems that transmit data reliably at increasing data rates. OZ Optics also designs and manufactures handheld test and measurement equipment for the fiber optic market. The Company’s state-of-the-art design capabilities enable OZ Optics to rapidly deliver a broad range of high-quality products to meet customer specifications and requirements. OZ Optics has received ISO 9001:2000 certification. For more information about OZ Optics Limited and the products, visit www.ozoptics.com

OZ Optics Contact:
Ömür Sezerman

219 Westbrook Road
Ottawa, ON K0A 1L0
Canada
Tel: 613-831-0981 x3309
Fax: 613-836-5089
Toll free: 1-800-361-5415
E-mail: omur@ozoptics.com