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Axsun Technologies Announces Qualification of New OMx Platform at the 2013 ECOC Exhibition

BILLERICA, Massachusetts (September 23, 2013) – Axsun Technologies Inc., a wholly-owned subsidiary of Volcano Corporation (NASDAQ: VOLC) and a leading developer and manufacturer of advanced photonic components and subsystems, has announced the completion of Telcordia Qualification of their new OMx Optical Monitor platform, which will be introduced at the upcoming 2013 ECOC Exhibition at the ICC London ExCel, September 23-25, 2013. Axsun’s new OMx platform provides the same high spectral resolution and Flex Grid monitoring capability as previous generations, in an innovative uncooled lead-free module that consumes less than half the electrical power of previous designs, and it meets the requirements of ROHS2. This new OMx platform provides true embedded Optical Spectrum Analyzer (OSA) functionality for optical network management and performance monitoring. Axsun Telecom products have logged over one billion device hours in optical networks operating around the world since 2001.

“Axsun’s OMx products are ideally suited for the real-time optical spectrum monitoring function required in dynamically reconfigurable Flex Grid networks that transmit coherent Super-Channels with high spectral efficiency,” said Peter Whitney, Chief Scientist at Axsun. “Such networks also consume significant electrical power, and our new OMx platform provides a cost effective, lower power solution with the high spectral resolution, measurement accuracy and high reliability our customers have come to expect.”

About Axsun Technologies

Axsun Technologies, Inc., a Volcano subsidiary, established in 1998, develops and manufactures MEMS-based optical engines for optical telecommunications, industrial spectroscopy, and medical imaging, applications. Through its expertise in micro-optics, packaging and precision engineering, Axsun has pioneered an entirely new class of high-performance, miniaturized instruments and devices enabling a dramatic shift from lab based measurements to on-line, at-line and in-vivo measurements, without compromising performance. Axsun was acquired by Volcano in December 2008. For more information, visit Axsun’s website at www.axsun.com.

About Volcano Corporation

Volcano Corporation is revolutionizing the medical device industry with a broad suite of technologies that make imaging and therapy simpler, more informative and less invasive. Its products empower physicians around the world with a new generation of analytical tools that deliver more meaningful information - using sound and light as the guiding elements. Founded in cardiovascular care and expanding into other specialties, Volcano is changing the assumption about what is possible in improving patient outcomes by combining imaging and therapy together. For more information, visit the company's website at www.volcanocorp.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release that are not historical facts may be considered "forward-looking statements" including statements regarding the potential performance and benefits of the Axsun products described above. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties which may cause results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ include the pace and extent of market adoption of the Axsun’s products and technologies, outcome of ongoing litigation, market conditions, and other risks inherent to telecom device development and commercialization. These and additional risks and uncertainties are more fully described in Volcano's filings made with the Securities and Exchange Commission, including our recent quarterly report on Form 10-Q. Undue reliance should not be placed on forward-looking statements which speak only as of the date they are made. Volcano undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.

Contact:

Bill Ahern
Director of Marketing

Axsun Technologies, Inc., a Volcano Company
1 Fortune Drive
Billerica MA 01821
Tel 978.262.0049
Fax 978.262.0035
www.axsun.com
www.volcanocorp.com

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