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Rusnano Invests in NeoPhotonics

Photonics Spectra
Aug 2012
Photonic integrated circuit manufacturer NeoPhotonics Corp. of San Jose, Calif., has received a $39.8 million investment from sovereign investment firm Rusnano of Moscow in a private placement transaction. Rusnano acquired 4.97 million shares of NeoPhotonics at $8 each. NeoPhotonics is planning to build R&D 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. Targeted completion date for the expansion is July 31, 2014.

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...
Americasboard of directorsBusinessCaliforniafiber opticslight speedNeoPhotonicsphotonic integrated circuitsphotonicsPICRusnanoRussiaRussia expansionSergey Polikarpov

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