NanoOpto Corp. and Sumitomo Metal Mining Announce Product Development Agreements.Nano-Optic-Based Product Samples Shipping to SMM's Customers Now SOMERSET, N.J. & TOKYO -- NanoOpto Corporation, which is applying novel design methods and proprietary nano-fabrication technology to produce a broad range of unique optical components that enable higher quality, low-cost optical components and systems, and Sumitomo Metal Mining (SMM (System Management Mode) An energy conservation mode built into Intel SL Enhanced 486 and Pentium CPUs. During inactive periods, SMM initiates a sleep mode that turns off peripherals or the entire system. ), of Japan, the world-wide leader in optical isolators A device used to prevent lightwaves from reflecting backwards (the optical counterpart to an electrical diode). It is a one-way filter for a range of light frequencies. Optical isolator and related components for fiber optic network applications, announce that their joint-development partnership has resulted in first product shipments to SMM's customers. The teaming of NanoOpto and Sumitomo Metal Mining and their collaboration on the development of new, integrated telecommunications components, primarily packaged Optical Isolators and custom WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. filters, will enable smaller, more highly integrated solutions at very competitive price points not feasible through traditional technologies. This relationship, which is already bringing advantages to customers, enhances both companies' abilities to address optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. component providers' increasing demand for hardware. These new components enable Triple-Play (voice, data, and video) services through fiber infrastructure and end user premise equipment. "SMM's Communications Components business is a very synergistic partnership with NanoOpto," said Barry Weinbaum, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NanoOpto Corporation. "SMM's market-leading position gives them keen insight into the direction of the end user. We are excited to make the announcement of our close working relationship, and we are now shipping Optical Isolator products to customers. We are collaborating on new products which will give SMM and their customers a real competitive advantage." Products resulting from the SMM and NanoOpto relationship will be generally available during 2007. About NanoOpto NanoOpto Corporation is applying proprietary nano-fabrication technology to the rapid design and high-volume manufacture of nano-optic devices for optical components and systems. The company's nanometer scale optical function design capability combined with wafer-based manufacturing methods delivers optical components that allow more rapid prototyping Building a part one layer at a time using a method of additive fabrication such as 3D printing. Such parts are used for concept modeling to determine if the product design meets the customer's expectations. , higher performance, and lower overall system cost. Both independently and with industry partners, NanoOpto uses its technology to produce superior versions of standard optical components and new classes of integrated optical subassemblies for both custom and general applications. The company has received financial backing from leading venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and is based in Somerset, New Jersey Somerset is a census-designated place and unincorporated area located at the eastermost section within Franklin Township, in Somerset County, New Jersey. As of the United States 2000 Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations. . In its October 2006 study, the Authoritative Ranking of Nanotechnology Start-up Companies start-up company A new business. for Partnership Value, Lux Research ranked NanoOpto #1 world-wide. For additional information about NanoOpto, visit www.nanoopto.com. About Sumitomo Metal Mining Sumitomo Metal Mining was founded in 1590. In the 416 years since its founding, SMM has developed broad expertise across a diverse set of businesses. Sales for the year ended March 2006 were US $ 5.3 billion, a 29% growth over the prior year. The company has a global presence. For additional information about Sumitomo Metal Mining, please visit http://www.smm.co.jp/material/d09optical_iso.html. |
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