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$4 M Funding Round for Ion Optics

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WALTHAM, Mass., Jan. 30 -- Ion Optics Inc. announced this week the closing of a $4.0 million Series C financing round, led by Digital Power Capital (DPC), of Greenwich, Conn. Previous investor Ardesta LLC, of Ann Arbor, Mich., also participated. Ion Optics said that with the Ardesta-backed $2.5 million B-round closed in 2003, it made significant progress on its photonic crystal technology. It said the new funding will support the development of the low-cost high-volume device packaging needed to move Ion Optics’ SensorChip, a microelectromechanical systems device, into high-volume markets....Read full article

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    Published: January 2004
    Glossary
    infrared
    Infrared (IR) refers to the region of the electromagnetic spectrum with wavelengths longer than those of visible light, but shorter than those of microwaves. The infrared spectrum spans wavelengths roughly between 700 nanometers (nm) and 1 millimeter (mm). It is divided into three main subcategories: Near-infrared (NIR): Wavelengths from approximately 700 nm to 1.4 micrometers (µm). Near-infrared light is often used in telecommunications, as well as in various imaging and sensing...
    microelectromechanical systems
    Refers to micron-size complex machines that have physical dimensions suitable for the fabrication of optical switches for use in state-of-the-art communications networks.
    ArdestaDigital Power CapitalindustrialinfraredIon OpticsMEMSmicroelectromechanical systemsNews & Featuresphotonic crystalSensorChipSensors & Detectors

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