UNIROYAL TECHNOLOGY CORPORATION SEES CONTINUED STRONG DEMAND FOR INCREASINGLY HIGHER BRIGHTNESS LEDS

Sarasota, FL, March 8, 2001 - Uniroyal Technology Corporation (Nasdaq/NMS:UTCI), today announced that demand remains strong for high brightness LED (HB LED) applications. The market for HB LEDs continues to differentiate into two distinct segments: HB LEDs used primarily for backlighting applications; and, higher brightness, or ultra high brightness LEDs used for signage, outside displays and traffic signals.

"Although recent announcements indicate a slowdown in some segments of the market, this does not appear to be the case in markets requiring the increasingly higher brightness levels that Uniroyal Optoelectronics has developed," said Robert L. Soran, President and Chief Operating Officer of Uniroyal Technology Corporation. "The very high brightness products have traditionally been produced on sapphire substrates and the leading suppliers have been Toyoda Gosei and Nichia. Comparative lamp testing indicates that UOE's gallium nitride blue and AlInGap 626nm red products are at the high end of the brightness levels."

Recent industry forecasts released by Strategies Unlimited, Mountain View, California, show that the HB LED market grew to $1.2 billion in 2000, an increase of 53% over 1999, with projected growth of approximately 22% annually through 2005. While markets such as LCD backlighting, particularly for mobile phones, may experience a slowdown due to sluggish cell phone sales, demand for very high brightness products for applications such as outside video displays, signage and traffic signals remains strong. The achievement of higher brightness levels has decreased the number of LEDs required in high brightness applications. This, in turn, has resulted in more cost efficient conversions to LED lighting from traditional incandescent methods, creating a wide variety of new applications for high brightness LEDs.

Uniroyal Technology's Compound Semiconductors & Optoelectronics business segment includes Uniroyal Optoelectronics and Sterling Semiconductor, Inc. Uniroyal Optoelectronics manufactures high brightness light emitting diodes (HB-LEDs), a rapidly growing market with applications such as traffic signals, indoor/outdoor signage and automotive applications. Sterling Semiconductor is a leading producer of silicon carbide (SiC) substrates, epitaxial thin films on SiC substrates and is developing SiC devices for wireless communications, industrial process control, and power amplification. Well-known brand names in Uniroyal's Coated Fabrics and Specialty Adhesives segments include NAUGAHYDE® and NAUGASOFT™ in coated fabrics and, SILAPRENE®, HYDRA FAST-EN® and GUNTHER ULTRA/BOND® in adhesives.

The Company's common stock and warrants trade on the Nasdaq/NMS under the symbols UTCI and UTCIW, respectively.

Contact: George J. Zulanas, Jr., CFO, Uniroyal 941-361-2220; Mark N. Tyler, TT Communications 212-962-3690