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Richard Hitt was named president and CEO of Hypres Inc., an Elmsford, N.Y.-based developer of superconductor microelectronics technology. Hitt was formerly vice president and general manager of government products and systems. He succeeds Jack Rosa, who is retiring from the board of directors and as CEO . . .    Nozomi Photonics, a Tokyo-based maker of high-speed optical switches, has secured $8 million in funding led by Globis Capital Partners, a Japanese venture capital firm. Takuo Inoue, a principal at Globis, and Akihito Ogino, a partner at Tokio Marine Capital, will be joining Nozomi's...Read full article

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    Published: August 2005
    Glossary
    superconductor
    A metal, alloy or compound that loses its electrical resistance at temperatures below a certain transition temperature referred to as Tc. High-temperature superconductors occur near 130 K, while low-temperature superconductors have Tc in the range of 4 to 18 K.
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