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Axsun Technologies to Present New Products at the 2013 OFC/NFOEC Exhibition

BILLERICA, Massachusetts (March 13, 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, will highlight their new Optical Engine products for Telecommunications at the upcoming 2013 OFC/NFOEC Exhibition at the Anaheim Convention Center on March 19-21, 2013. A number of Axsun’s new products will be displayed at booth 3419, including its latest ultra-high resolution, Flex Grid and Super-Channel capable Optical Channel Monitors (OCMs), and advanced compact MEMs Tunable Filter and micro-Tunable-Detector Modules. These products provide very high spectral resolution and 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.

“Modern optical networks are transitioning from fixed-wavelength ITU-grid based systems to dynamically spectrally reconfigurable Flex Grid networks that transmit coherent Super-Channels with 100G, 400G to terabit-per-second data rates with significantly increased spectral efficiency and data capacity through real-time management of the full optical spectrum,” said Dale C. Flanders, President of Axsun. “Axsun’s OCM and Tunable Detector products are ideally suited for the real-time optical spectrum monitoring function required in such networks, providing a cost effective solution with high spectral resolution and measurement accuracy.”

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 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 annual report on Form 10-K. 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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