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For Immediate Release

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

Red Herring Names NanoOpto One of the Top 100 Companies to Watch

Somerset, NJ, May 11, 2004 - NanoOpto Corp., which uses novel design methods and proprietary nano-fabrication technology to produce a broad range of unique optical components that enable higher-quality, lower-cost optical systems and networks, today announced it was chosen as one of Red Herring’s Top 100 companies that will shape the future of technology.

“At Red Herring, we examine over 500 private global companies’ business models, financials and management teams that are transforming the current markets and creating new opportunities,” said publisher Alex Vieux. “Like Google, eBay, Salesforce.com, and other previous Red Herring 100 alumni, these 100 have the potential to become the next titans of technology."

This year’s selection process was weighted to reflect the reality of survival in today's challenging marketplace: generating revenues, establishing a strong customer base and equally strong industry partnerships. This year, Red Herring has significantly broadened its geographic scope across the globe to include companies from 10 countries, including China, Japan, Israel, the U.K. and Germany.

"To be selected by Red Herring from hundreds of private companies worldwide as a company to watch is particularly gratifying,” said Barry Weinbaum, President and CEO of NanoOpto. “The addressable market for optical components for the consumer electronics, communications, and commercial applications that NanoOpto is pursuing is estimated to grow to over $2B by 2007. Our unique platform technology and manufacturing techniques enable us to deliver optical components at lower-cost, with superior performance. Combined with our design flexibility, our customers can provide improved product capability and better value at lower cost to their customers."

NanoOpto is in the process of commercializing its unique technology through its proprietary optical component designs and internally developed manufacturing methods for a broad range of markets, including optical drives, digital imaging, telecommunications, projection displays, and sensors.

About NanoOpto
NanoOpto Corp. is applying proprietary nano-fabrication technology to the rapid design and high volume manufacture of nano-optic devices for optical systems and networks. 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.

About Red Herring
Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why.

Red Herring is dedicated to thorough research, relevant metrics deep financial analysis, in-depth reporting, crisp writing and thoughtful debate. We are a skeptical, intelligent and trustworthy source of information in technology business. Our primary obligation is to provide the most relevant, honest and independent information and analysis to our audience, with the conviction that an exceptional editorial product is the best catalyst for success and the best way to serve our advertisers and investors. Our content is original, compelling and actionable for industry executives and entrepreneurs.

A privately held company, Red Herring, Inc. is headquartered in Mountain View, California.