Chairman Zschau Heads NanoOpto

SOMERSET, N.J. -- NanoOpto Corp., which is applying proprietary nano-optics and nano-manufacturing technology to design and make components for optical networking, announced today a number of previously planned changes to the Board of Directors. Ed Zschau, a founder of NanoOpto, has rejoined the Board replacing Rob Soni of Bessemer Venture Partners earlier this month. Effective June 11, 2002, Dr. Stephen Y. Chou, Founder and Chairman, stepped down from his position as Chair, and Dr. Ed Zschau was elected Chairman. Dr. Zschau is a Visiting Lecturer with rank of Professor at Princeton University in the Electrical Engineering Department. He also works with a variety of entrepreneurial enterprises and public policy organizations. He has had a long and distinguished career in business, public policy and academia. Among his many accomplishments, Zschau was Founder and CEO of System Industries, a Silicon Valley computer products company, from 1968 to 1982, and general manager of IBM's Storage and System Division from 1993 to 1995. "Dr. Chou's contributions in starting NanoOpto has been nothing less than remarkable," said Barry Weinbaum, President and CEO of NanoOpto. "His intellectual efforts not only provided the Company with breakthrough new products, but with breakthrough manufacturing techniques to make them. That he and his research team were able to combine these paradigm-shifting capabilities has enabled NanoOpto to move from the concept stage to the cusp of volume production in approximately 18 months--an almost unheard of achievement for academic research. We look forward to continued input and support from Steve in the coming years. We are also delighted to welcome someone with Ed Zschau's stature back to the NanoOpto Board." NanoOpto Corp.