Ann Arbor, MI. and Fremont, CA, April 29, 2002 -- Ardesta LLC and NanoGram have entered into a strategic relationship that will enable the Fremont, Calif. company to accelerate commercialization of unique nanomaterials in medical, energy storage and other markets. As part of this broad relationship, Ardesta has made an equity investment in NanoGram's parent company, NeoPhotonics.
NeoPhotonics is leveraging its proprietary nanomaterials platform to develop planar integrated optical components, while NanoGram is focused on applications for its intellectual property outside of telecommunications and photonics. Ardesta will work to identify and pursue applications for the Company's core technology outside of the optical space. The partnership also includes cooperation on technical development and direction, as well as joint advisory board status.
NeoPhotonics Corporation was founded in 1996 as NanoGram Corporation to commercialize applications of nanomaterials developed from the Company's patented laser reactive deposition process. The Company's proprietary laser-based production techniques allow development and production of chemically diverse compounds, many of which do not occur in nature, such as nanopowders, coatings and films for a variety of novel applications.
Founded in 2000, Ardesta develops and acquires intellectual property; creates and invests in young product companies; provides business and technical resources to support these companies; and develops industry-building resources. Companies in Ardesta's family include Small Times Media, Discera, Sensicore, Translume and HandyLab of Ann Arbor, Mich.; Ion Optics of Waltham, Mass.; Micronics of Redmond, Wash.; Sarcon Microsystems of Knoxville, Tenn.; TheraFuse of Vista, Calif.; and MesoSystems of Albuquerque, N.M. Ardesta has offices in Ann Arbor, Mich. and Albuquerque, N.M.
For more information, visit www.ardesta.com .
NeoPhotonics Corporation, founded in 1996 as Nanogram Corporation, develops and manufactures advanced planar optical devices by monolithically integrating active and passive optical materials using the company's proprietary nanomaterials-based process solutions. The company's customer-engineered chip solutions uniquely enable integration of active and passive functions into planar waveguide product platforms. NeoPhotonics Corporation is the optical components business of NanoGram Corporation.
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