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StockerYale Announces the Availability of Polarization Maintaining Fiber

New Specialty Optical Fiber Opens Up New Market Opportunities

November 14, 2002

Salem, NH
- - StockerYale, Inc. (Nasdaq: STKR), an independent supplier of photonics-based products, today announced the availability of Bow-tie polarization maintaining fiber. This fiber is the first in a series of polarization maintaining fibers to be released by the Company and are specifically designed for use in fiber optic gyroscopes, (FOGS), voltage and current sensors, high-data-rate communications systems, laser pigtailing, connectivity between source lasers and modulators, and polarization-sensitive components. StockerYale's advanced polarization maintaining fiber is designed for unparalleled performance and is available for immediate delivery.

StockerYale's polarization maintaining fiber is available at operating wavelengths of 1300 nm and 1550 nm, has a cladding diameter of 80 µm and a coating diameter of
165 µm. StockerYale can also custom design a polarization maintaining fiber that meets a customer's exact specifications.

The Company's polarization maintaining fiber has a high birefringence (hi-bi) to better maintain polarization and low attenuation to provide greater flexibility in system designs. Reduced outer cladding diameters also improve coil turn density and reliability.

Commenting on the availability of its newest specialty optical fiber (SOF), Paul Jortberg, senior vice president of sales and marketing for optical components said, "We are extremely pleased with the addition of polarization maintaining (PM) fiber to our growing suite of SOF products. The introduction of this specialty fiber opens up exciting new sales opportunities that were not available to us before." Jortberg continued, "In addition to offering our standard, high-performance polarization maintaining fiber, we also have the resources and expertise to work with our customers to design a specific polarization maintaining fiber that meets their exact specifications. This flexibility allows us to provide comprehensive solutions to the Fiber Optic Gyroscope and Sensor markets."

About StockerYale

StockerYale, Inc., headquartered in Salem, NH, is an independent designer and manufacturer of phase masks, specialty optical fiber, and advanced optical sub-components as well as structured light lasers, specialized fiber optic, fluorescent, and LED technologies for use in a wide range of markets and industries including the telecommunications, aeronautical, utilities, machine vision, industrial inspection, and medical markets.

StockerYale serves a widely varied, international customer base from its corporate offices in Salem and reinvests a significant percentage of its revenues in R&D to meet the future requirements of its customers. StockerYale has offices and subsidiaries in the U.S., Canada, Europe, and the Pacific Rim.

For more information about StockerYale and its innovative products, contact StockerYale, Inc., 32 Hampshire Rd., Salem, NH, 03079. Call 800-843-8011; Fax 603-893-5604; e-mail , or visit the Company's website at www.stockeryale.com.

Notice to Investors:

This press release contains forward-looking statements that do not give full weight to all the potential risks, but relate to StockerYale's plans, objectives, and expectations. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.

Contact for Press and Analysts:

Fred Pilon, Dir. Investor Relations
StockerYale, Inc.
603-893-8778

This press release also contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, the Company's future operating results and sales trends. Reliance should not be placed on forward looking statements because they involve known and unknown risks, uncertainties and other factors which are in some cases, beyond the control of StockerYale, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward looking statements.