NanoOpto Announces Addition of Richard Hegberg to Board of Directors; Independent Member of Board Adds Broad Industry Expertise to Support Company Growth

Business Wire, July 27, 2005

SOMERSET, N.J. -- NanoOpto Corporation, who is applying novel design methods and proprietary nano-fabrication technology to produce a broad range of unique optical components that enable higher quality, low-cost optical components and systems, today announced that Richard E. Hegberg, Senior Vice President of World Wide Sales at ATI Technologies has joined its Board of Directors. The addition of Hegberg is a planned progression to bring independent industry leaders onto the NanoOpto Board and is in concert with the direction set in the C round venture financing closed earlier this year.

Hegberg joined ATI Technologies in 2003, where his role as SVP includes driving revenue growth and establishing strategic relationships and partnerships with key customers in targeted markets. Prior to joining ATI, Hegberg was recruited as the first full-time CEO of NetOctave, Incorporated, where his responsibilities included helping raise $18M and building out an Engineering team that designed and delivered 3 ASICs. Prior to that, Hegberg was VP of Sales at Agere Semiconductor from 1997 to 2001; VP Worldwide Sales & Marketing at Trident Semiconductor from 1996 to 1997; VP at VLSI Technology from 1991 to 1996; and Founder and VP of Sales and Marketing at Electronic Designs Inc. from 1986 to 1991. Hegberg holds a BSEE degree from Marquette University.

"We are pleased to welcome Rich Hegberg to the NanoOpto board as we enter the next stage of our company's growth," said Barry Weinbaum, President and CEO of NanoOpto. "As NanoOpto expands its product offerings, market applications, and production capability for both consumer optics and communications, we look forward to leveraging Rich's experience in these areas."

About NanoOpto

NanoOpto Corporation is applying proprietary nano-fabrication technology to the rapid design and high-volume manufacture of nano-optic devices for optical components and systems for consumer electronics, commercial, and communications applications. The company's nano-meter scale optical function design capability combined with wafer-scale manufacturing methods delivers optical components that allow more rapid prototyping, higher performance, and lower overall system cost. Both independently and with industry partners, NanoOpto uses its technology to produce superior versions of standard optical components and new classes of integrated optical subassemblies for both custom and general applications. The company has received financial backing from leading venture capitalists and is based in Somerset, New Jersey. For additional information about NanoOpto, visit www.NanoOpto.com.