- Rusnano Makes Strategic Investment in NeoPhotonics
SAN JOSE, Calif., May 8, 2012 — Photonic integrated circuit (PIC) manufacturer NeoPhotonics Corp. has received a $39.8 million investment from sovereign investment firm Rusnano of Moscow in a private placement transaction.
In connection with the investment, in which Rusnano acquired 4.97 million shares of NeoPhotonics at $8 each, NeoPhotonics appointed Sergey Polikarpov, Rusnano’s managing director, to its board.
NeoPhotonics is planning to build research and development facilities in Russia and will use a portion of the net proceeds from the common stock share sales for general corporate purposes and to establish design and production capabilities there. The targeted completion for the expansion is July 31, 2014, and is not expected to have a material impact on the company’s 2012 operations results.
For more information, visit: www.neophotonics.com
- The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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