EXFO to Address Investor Community

    QUEBEC CITY, Jan. 29 /CNW Telbec/ - EXFO Electro-Optical Engineering Inc.
(TSX:EXF) (NASDAQ:  EXFO) announced today upcoming investor relations events for
the month of February.
    Germain Lamonde, EXFO's Chairman, President and Chief Executive Officer,
will speak at the Thomas Weisel Partners Technology, Telecom and Internet
Conference on February 5, 2008, 8:35 a.m. Pacific Time (11:35 a.m. Eastern
Time), in San Francisco.
    Pierre Plamondon, CA, EXFO's Vice-President of Finance and Chief
Financial Officer, will make a presentation at the Roth Capital Partners
Annual Growth Stock Conference on February 19, 2008, 2:30 p.m. Pacific Time
(5:30 p.m. Eastern Time), at Dana Point, CA.
    Audio Webcasts of both presentations will be available live at
www.EXFO.com, under the Investors section. They will also be archived for a
limited period.

    IR Calendar

    - Thomas Weisel Partners Technology, Telecom and Internet Conference,
      Feb. 5, 2008, 8:35 a.m. Pacific Time (11:35 a.m. Eastern Time),
      San Francisco (Audio Webcast: www.EXFO.com/investors).
    - Roth Capital Partners Annual Growth Stock Conference, Feb. 19, 2008,
      2:30 p.m. Pacific Time (5:30 p.m. Eastern Time), Dana Point, CA
      (Audio Webcast: www.EXFO.com/investors).

    About EXFO

    EXFO is a Tier-1 test and measurement expert in the global
telecommunications industry, especially in the portable test market segment.
The Telecom Division, which represents about 85% of the company's business,
offers a full suite of test solutions and monitoring systems to network
service providers, cable TV operators, telecom system vendors and component
manufacturers in approximately 70 countries. EXFO is the global market leader
for portable optical test solutions with an estimated 25.5% market share and a
leading supplier of protocol and access test solutions to enable triple-play
deployments and converged IP networking. Its Windows-based modular AXS-200,
FTB-200, FTB-400 and IQS-500 test platforms host a wide range of modular test
solutions across optical, physical, data and network layers, while maximizing
technology reuse across several market segments. The Life Sciences and
Industrial Division offers value-added light-based solutions in high-precision
medical device and opto-electronics assembly sectors, and advanced
fluorescence microscopy and electrophysiology solutions for the life sciences
sector. For more information about EXFO's Telecom Division, visit
www.EXFO.com, and for its Life Sciences and Industrial Division, visit

For further information:

For further information: Vance Oliver, Manager, Investor Relations, EXFO
Electro-Optical Engineering Inc., (418) 683-0913, Ext. 3733,
vance.oliver@exfo.com; www.EXFO.com

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