May 12, 2005 Somerset, NJ -- NanoOpto, a developer of proprietary nano-fabrication technology for producing optical components and systems, announced that it has closed on an additional $2.5 million in venture funds, from Masters Capital Nanotechnology and Nanostart AG. The investment finalizes the company's C-round financing, raising the total investment in the company to $46 million.

"NanoOpto's achievements in technology and market development have established a solid foundation for product expansion and business growth," remarks Mel P. Melsheimer, managing member at Masters Capital Nanotechnology. "We look forward to supporting NanoOpto in leveraging that traction towards substantial and sustained growth."

The company's product offerings this year have included IR cut-off filters for digital imaging applications, waveplates for optical data storage applications, and optical isolators for communications transceivers. According to the company, these products are realizations of its general product capabilities, spanning polarizers, phase retarders, filters, and dynamic optics. Integrated with other optical devices and into optical systems, the company says these products apply to UV, visible, and IR wavelengths. Additional product roll-outs are scheduled throughout the rest of this year, according to the company.

"As a result of the combined investments of Masters Capital Nanotechnology and Nanostart, our C-round was not only closed, but oversubscribed as well," concludes Barry Weinbaum, president and CEO of NanoOpto. "It is gratifying to have the support of investors who recognize the potential for our breakthrough, integrated optics across a broad range of commercial applications."