January 16, 2004

Ion Optics Closes on $4 million Investment Round

WALTHAM, MA AND ANN ARBOR, MI. January 16, 2004 - Ion Optics, an Ardesta company, secured $4 million in a Series C round of financing. Greenwich, CT-based Digital Power Capital (DPC) led the round, which also included current investor Ann Arbor MI-based Ardesta, LLC. The Series C round is to be used to fund the development and market introduction of Ion Optics' SensorChip family of MEMS-based products. Ion Optics is developing advanced infrared sensors and markers for the Industrial and Indoor Air Quality markets as well as Homeland Security applications.