Exhibit 99.1

Press Release

SOURCE: Optical Communication Products, Inc.

Optical  Communication  Products,  Inc.  Announces  Sale of Assets  and Grant of
License Related to VCSEL Technology

Woodland  Hills,  Calif.  -  (Business  Wire)  -  February  13,  2006 -  Optical
Communication  Products,  Inc.  (Nasdaq:  OCPI), a  manufacturer  of fiber optic
subsystems  and  modules for  metropolitan  area,  local area and  storage  area
networks,  today announced the sale of certain assets located at its Broomfield,
Colorado facility related to VCSEL technology, and the grant of a license to use
related technology owned by the Company, to The Furukawa Electric Co., Ltd., the
Company's majority stockholder, for total cash consideration of $1.0 million, in
addition to potential royalty payments.

As previously  disclosed,  as of January 31, 2006, the Company ceased operations
of its Broomfield,  Colorado facility,  a research and design facility where the
Company  had  been  focused  on  creating  VCSEL   technology  for  fiber  optic
communication  networks.  The  Company  decided  to cease the  operation  of its
Colorado  facility  because the cost of Fabry-Perot  lasers had been decreasing,
making 1300 nm VCSEL technology less attractive as a cost-effective replacement,
and  because  of the delay in  development  of the next  generation  of  optical
modules.  The Company had derived immaterial revenues from its operations at the
Broomfield facility.

In addition to the sale of assets related to the VCSEL chip operation located at
the  Broomfield   facility,   the  Company  granted  Furukawa  a  non-exclusive,
royalty-bearing  license to use and exploit intellectual property related to the
VCSEL technology. Under the terms of the license, Furukawa would pay the Company
a  royalty  on sales  of  certain  products  utilizing  the  1300nm  VCSEL  chip
technology.

The Company expects that the  consideration  received for the sale of assets and
the grant of the license will result in an increase in earnings of approximately
$0.01 per share for the quarter ended March 31, 2006.

About OCP

OCP designs,  manufactures and sells a comprehensive  line of high  performance,
highly reliable fiber optic subsystems and modules for metropolitan  area, local
area and storage area networks.  OCP's  subsystems and modules  include  optical
transmitters,  receivers,  transceivers and transponders that convert electronic
signals into optical signals and back to electronic signals, enabling high-speed
communication  of voice and data  traffic  over public and  private  fiber optic
networks. For more information visit OCP's web site at www.ocp-inc.com.

OCP was founded in 1991 and has its headquarters in Woodland Hills,  California.
The Furukawa Electric Co. Ltd., based in Tokyo, beneficially owns 58.4% of OCP's
outstanding capital stock as of December 31, 2005.

Safe Harbor  Statement  under the Private  Securities  Litigation  Reform Act of
1995:

This  release  contains  forward-looking   statements  that  involve  risks  and
uncertainties.  Actual results may differ materially from the results predicted.
Important  factors which could cause actual  results to differ  materially  from
those  expressed  or implied in the  forward-looking  statements  include  those
detailed  under "Risk  Factors" and elsewhere in filings with the Securities and
Exchange  Commission  made  from  time to time by OCP,  including  its  periodic
filings on Forms 10-K,  10-Q and 8-K.  Other factors that could cause our actual
results  to  differ   materially   from  those   expressed  or  implied  in  the
forward-looking  statements  include  the risks that the market  downturn in the
fiber  optic  communications  market  will last  longer  than  anticipated,  our
customers are unable to reduce their inventory  levels in the near-term,  and we
are unable

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to  diversify  and  increase  our customer  base.  On  September  29, 2003,  OCP
announced  that a special  committee  of its board of  directors  is  evaluating
strategic  alternatives to enhance  shareholder value and liquidity and that the
special  committee had retained Bear,  Stearns & Co. Inc., which is advising the
committee in evaluating  strategic  alternatives,  including a special dividend,
share repurchases,  strategic merger or sale of the Company.  Other factors that
could cause OCP's actual results to differ  materially  from those  expressed or
implied  in the  forward-looking  statements  include  the risk that none of the
strategic   alternatives  being  evaluated  will  be  implemented  by  OCP.  OCP
undertakes   no   obligation   to  release   publicly   any   revisions  to  any
forward-looking  statements to reflect  events or  circumstances  after the date
hereof or to reflect the occurrence of unanticipated events.

Contact:
Susie Nemeti, CFO
(818) 251-7100
Optical Communication Products, Inc.