Additional FT installations and Web-based product launch - Pipeline Bending Monitoring of two additional key pipelines at several sites

    TSX Venture Exchange symbol: FOX

    TORONTO, Dec. 11 /CNW Telbec/ - Fiber Optic Systems Technology, Inc.
("FOX-TEK"), (TSX-V: FOX), a developer and manufacturer of patented
non-intrusive sensing systems, today announced the sale and installation of
its FT Pipeline Bending Monitoring System to an existing gas transmission
client in British Columbia for eleven additional sites on two pipelines. This
project demonstrates sustained North American sales progress and growing
recognition as a mainstream supplier of leading edge geotechnical monitoring
products.
    Sean Carr, Interim President & CEO of FOX-TEK said, "This new project
represents continued growth for FOX-TEK in one of our strong market segments.
We're excited that the performance of our FT System allows us to further
develop these long lasting relationships with existing clients."
    FOX-TEK also announces the launch of DMAT Web, an internet-based software
platform that provides users of FOX-TEK's continuous monitoring stations with
online access to the integrity data analysis offered by the complete DMAT
software suite. Most importantly, DMAT Web features alarm-on-event
capabilities and provide multiple users with rapid access to critical data.
This allows users, in rapidly changing process environments such as oil and
gas refining, to make quick operational decisions based on hard and fast
inspection results.
    As part of the 2009 employee compensation plan, FOX-TEK granted 1,000,000
options to three members of management on December 9, 2008. These options vest
over three years in equal annual installments, have a term of five years and
have an exercise price of $0.04, being the closing price of the FOX-TEK shares
on December 8, 2008.

    About FOX-TEK:

    Fiber Optic Systems Technology, Inc. "FOX-TEK" develops non-intrusive
asset health monitoring sensor systems for the oil and gas market to help
operators track the thinning of pipelines and refinery vessels due to
corrosion/erosion, strain due to bending/buckling, and process pressure and
temperature. FOX-TEK's FT fiber optic sensor and Pinpoint systems allow
cost-effective, 24/7 remote monitoring capabilities to improve scheduled
maintenance operations, avoid unnecessary shutdowns, and prevent accidents and
leaks.

    FOX-TEK has offices in Toronto, ON; Calgary, AB; and Al-Khobar, Saudi
Arabia. FOX-TEK is traded on the TSX Venture Exchange under the symbol "FOX".
For more information, visit www.fox-tek.com.

    This press release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
Actual results may differ materially from those currently anticipated.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements
are detailed from time to time in FOX-TEK's periodic reports filed with the
Ontario Securities Commission and other regulatory authorities. FOX-TEK has no
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

For further information: FOX-TEK Company: Sean Carr, Interim President
and CEO, Fiber Optic Systems Technology, Inc., (416) 665-2288,
scarr@fox-tek.com; Investor Relations contact: Renmark Financial
Communications Inc.: Barry Mire, bmire@renmarkfinancial.com; Christine
Stewart, cstewart@renmarkfinancial.com; Montreal: (514) 939-3989, Fax: (514)
939-3717, www.renmarkfinancial.com, Toronto: (416) 644-2020, Fax: (416)
644-2021