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Third Technology Center to be Constructed on Bethlehem Steel Land

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    Bethlehem Steel Corporation
    For Immediate Release

    BETHLEHEM, Pa., April 2, 2001 - Bethlehem Steel Corporation has signed a purchase and sale agreement with an investor group led by the founders of STC Technologies, now OraSure Technologies, for about four acres of land adjacent to Bethlehem Works for the third building in the John M. Cook Technology Center.

    The Investment Group plans to construct a two- to three-story building comprising up to 60,000 square feet of floor space. The building will be similar in design to second Tech Center building and will be targeted to technology-related companies to lease space.

    OraSure (NASDAQ:OSUR) was created in September 2000 following the merger of Epitope of Beaverton, Ore., and STC Technologies of Bethlehem, and is located in the existing John M. Cook Technology Center adjacent to Bethlehem Works. The firm develops, manufactures and markets medical devices and diagnostic products for use by public- and private-sector clients, clinical laboratories, physicians' offices and workplace testing.

    "Several years ago, plans for a strip mall on this property threatened our Third and Fourth Street business neighbors, and so Bethlehem Steel took steps that have led to this growing technology development for the city," said Stephen G. Donches, vice president, public affairs, Bethlehem Steel Corporation, and the executive in charge of the development of Bethlehem Works and the adjacent Bethlehem Commerce Center. "When Mike Gausling expressed to us an interest in leading an effort to design and build another technology center, we revised our plans to accommodate his plans, and we could not be more pleased with the outcome.

    "This technology center is helping to transform this area into a thriving location for new businesses. We are encouraged by the entrepreneurial commitment of Mike Gausling and his partners who are investing in our community and growing their business here," Mr. Donches said. The investment group consists of Sam Niedbala and Mike Gausling, founders of STC and executive officers of OraSure, and Tony Boyle, of Boyle Associates, a local construction management company that has been involved in numerous high-profile projects in the City of Bethlehem.

    "We look forward to working to attract other high technology companies into Bethlehem and we expect tremendous demand for this project given the success of Tech Center II and the great plans envisioned at Bethlehem Works," stated Mr. Gausling.

    The building's exterior will be designed to blend with the industrial architecture of Tech Center II, to the west, and Bethlehem Works, to the east, while incorporating some modern architectural elements. Construction of the new building is expected to begin in fall 2001 with opening scheduled in summer 2002, but is contingent upon securing anchor tenants for the building.

    The opening of the building is expected to coincide with the opening of the first phase of Bethlehem Works, a mixed-use development that will feature entertainment, recreational and cultural venues on Bethlehem Steel land. Expected to open in spring 2002 are restaurants, retail, movies and a family fun center, while the Preview Center for the National Museum of Industrial History and the dual-rink hockey arena are expected to open later in 2002.

    The first building in the John M. Cook Technology Center opened in 1993 on Bethlehem Steel land purchased by a consortium of public and private investors. The second building opened in 2000, also on former Bethlehem Steel land, with OraSure as the major tenant. Both properties are fully occupied.

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