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For Immediate Release

Media Contact:
Amy Foschetti
Interprose PR
Phone: + 1 (703) 917-0972
[email protected]

NanoOpto Rounds Out Executive Team; Names Kostal as Vice President of Marketing and Sales

Somerset, New Jersey. December 3, 2001. NanoOpto Corp., which is applying proprietary nano-optics and nano-manufacturing technology to design and manufacture components for optical networking, announced today the appointment of Hubert Kostal as vice president of marketing and sales. Mr. Kostal’s arrival marks the sixth executive to join NanoOpto since it was founded in June of 2000 and effectively completes this phase of the company’s management team.

NanoOpto finds itself in the fortunate position of being able to expand in the midst of an industry downturn,” notes Barry Weinbaum, president and CEO of NanoOpto. “That means that we have the luxury of hiring absolutely first rate talent. Hubert Kostal fits that criterion in every possible way.”

Kostal is a 17-year telecommunications industry veteran, working for both startups and established companies. Most recently, he was vice president of marketing for SpectraSwitch, Inc., a privately held maker of optical switching and signal conditioning components. Previously he had been vice president of marketing for TransSwitch Corp., now a publicly held maker of communications semiconductors, and a director of product marketing in the Internetworking Systems Division of Lucent Technologies. He holds a Ph.D. in mathematics from the University of Texas.

In addition to Kostal, NanoOpto’s executive team consists of the following:

    Dr. Stephen Chou, Chairman and Founder, who is also Elgin Professor of Engineering at Princeton University. NanoOpto’s technology, both in nano-optics and nano-manufacturing, is based on Chou’s work of 20 years. He has received numerous awards including designation as IEEE Fellow and Packard Fellow.

    Barry Weinbaum, President and CEO. Weinbaum joined NanoOpto after a 21-year career at Lucent Technologies/AT&T, where most recently he was Vice President, Optical Long Haul Solutions (DWDM) in the Optical Networking Group. He has extensive experience in all phases of management and has established a record of leading startup, established and turnaround operations to positions of market leadership.

    Howard Lee, Acting Chief Operating Officer and Co-Founder. Lee was one of the founders of Sun Microsystems, where he served as Vice President of Engineering, overseeing the development of all Sun2s, Sun3s, Sun 4 Servers and SPARC microprocessors. He served later as a senior vice president at Apple’s Macintosh Division. In recent years he has worked as a management consultant and investor in high tech startups.

    Sheo Khetan, Vice President of Operations. Khetan has over 28 years of experience in semiconductor manufacturing, including senior positions at Anadigics, Inc., where he was Vice President of Manufacturing. He has extensive experience in process engineering and operations management for high volume, low cost applications in semiconductor manufacture. He holds a Masters degree in engineering from the State University of New York at Stony Brook, as well as an MBA from Temple University.

    Dr. Y.K. Park, Senior Director of Engineering. With over 25 years of research and product development experience, Park has held senior positions at Agere Systems, as well as Bell Laboratories. He has extensive experience in volume manufacturing transfer for optical transponder products and burst mode optical transceiver products. He holds a Ph.D. in applied physics from Stanford.

    Hope Conoscente, Director of Human Resources. Conoscente has over 20 years experience in HR and Administration for large, multinational corporations, and technology startups. She has held senior managerial positions, including Vice President responsible for building and leading HR infrastructures. She holds an MA from Rider University, and a BA from Adelphi University.

About NanoOpto
NanoOpto Corp. is applying proprietary nano-optics and nano-manufacturing technology to design and make components for optical networking. Based on years of research, the company’s technology allows orders of magnitude more rapid prototyping, higher performance and lower overall system costs. Both on its own and with corporate partners, NanoOpto will use subwavelength techniques to produce better conventional optical components and also to create new classes of integrated components. The company’s development of proprietary nano-imprint lithography techniques forms the basis for high volume manufacture at its facility in Somerset, New Jersey. The company has received financial backing from leading venture capitalists.

Note to Editors: NanoOpto also issued a funding announcement December 3, 2001.

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