Announces manufacturing license agreement with Enplas Corp. of Kawaguchi City

July 10, 2003

1 Min Read

SOMERSET, N.J. -- NanoOpto Corp., which is applying proprietary nano-fabrication technology to the rapid design and high volume manufacture of nano-optic devices for optical systems and networks, announced today that it has entered into a manufacturing and licensing agreement with Enplas Corporation of Kawaguchi City, Japan. The agreement covers the development and manufacture of nano-optic devices for a broad range of market applications using NanoOpto's recent inventions in nano-fabrication and design.

NanoOpto is creating novel classes of optical components by manipulating light with nano-scale structures to provide increased functionality, easier integration, lower total cost, and higher volume capabilities in comparison to traditional optical devices. NanoOpto has commercialized this unique technology through their proprietary optical component designs and internally developed manufacturing methods for a broad range of markets, including optical data transfer, telecommunications, sensors, and displays.

The manufacturing and licensing agreement between NanoOpto and Enplas allows Enplas to integrate NanoOpto's technology into their products rapidly and, in turn, allows Enplas to offer new capabilities and cost reductions to their customers. In addition, NanoOpto will integrate a portion of their manufacturing technology in Enplas' facilities. This will provide additional production capacity to ensure that these nano-optic devices can be brought to market in high volume and low cost.

"NanoOpto's new developments in nano-fabrication have created a practical, high volume production recipe, opening a broad range of new commercial applications for nano-optic devices," stated Barry Weinbaum, President and CEO of NanoOpto, "Our agreement with Enplas combines our technology innovations with the market savvy and manufacturing acumen of a recognized market leader."

NanoOpto Corp.

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