Support The Moscow Times!

Rusnano Invests $40M

Rusnano has invested $39.8 million in U.S. based NeoPhotonics, which designs and manufactures photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks.

"According to the agreement, Rusnano purchased newly issued common shares of NeoPhotonics for $39.8 million in cash, which constitutes approximately 17 percent of the company's outstanding common stock after completion of the transaction," Rusnano said in a statement, Interfax reported.

NeoPhotonics and Rusnano have agreed to create design and production facilities in Russia to produce optical products based on photonic integrated circuits by July 2014. Rusnano's managing director Sergei Polikarpov joined NeoPhotonics' board of directors.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.