Press Release

Enschede, Netherlands, 5 June 2001

Lion Photonix Technologies announces the successful completion of their first fund raising round.

Innofonds, a Dutch venture capitalist, as well as the University of Twente have become major investors in Lion Photonix Technologies BV.

Lion Photonix Technologies BV was established early 2001 by Hans van den Vlekkert and René Heideman. The company is based in Enschede, The Netherlands, close to the University of Twente.

Lion Photonix Technologies BV is specialized in integrated optics and is offering design, prototyping and manufacturing to OEM customers of Microsystems. The company is concentrating on design for manufacturing, not only for the silicon components but also assembly and packaging technologies.

The University of Twente has provided their technological know-how build up over the past ten years, which enables Lion to offer its customers an extensive know-how in integrated optics based upon siliconoxynitride.

This proprietary know-how is available at Lion and the specific siliconoxynitride layers are produced on Lion’s manufacturing equipment.

Hans van den Vlekkert, CEO stated that with the injection of capital and know-how Lion Photonix Technologies BV is now ready to become the leading provider of MST Technology based upon integrated optics.

Kees Eijkel, technico-commercial director of MESA+ states: "This investment allows us to further develop and commercialize a key technology in photonics."