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NeoPhotonics, a Nanogram Company, Joins Ardesta Family of Companies; Company Possesses Unique Nanomaterials Application Platform.

ANN ARBOR, Mich. and FREMONT, Calif. -- Ardesta LLC (http://www.ardesta.com/) and NanoGram (http://www.nanogram.com/) announced that they 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 (NEO = Nano Enabled Optics).

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. Ardesta is the leading company in the emerging "Small Tech" field of nanotechnology, MEMS and microsystems.

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.

"We made the decision to partner with NeoPhotonics because we believe that a combination of their unique process platform and our dedicated focus on small tech commercialization will bring to the market revolutionary applications for nanomaterials both inside and outside of the optical arena," Rick Snyder, Ardesta's CEO said.

Timothy S. Jenks, NeoPhotonics' CEO added, "Our recent $25 million funding from leading venture capital firms and corporate partners enables us to bring to market our initial integrated optical products derived from our nanomaterials platform. And the Ardesta relationship will further leverage our platform technology in fields beyond photonics, expanding our proprietary capabilities into electrochemical and biomedical applications."

About Ardesta LLC

Founded in 2000, Ardesta develops and acquires world-class 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 the company's Web site at http://www.ardesta.com/.

About NeoPhotonics Corporation

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 (NEO(TM) = Nano Enabled Optics) is the optical components business of NanoGram Corporation. For more information, visit the company's Web sites at http://www.nanogram.com/ or http://www.neophotonics.com/.

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Contact: Colleen Robar of Ardesta LLC, +1-734-528-6113, or colleenrobar@ardesta.com

Website: http://www.nanogram.com/ http://www.neophotonics.com/ http://www.ardesta.com/
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Date:Apr 29, 2002
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