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FOR IMMEDIATE RELEASE

EM4 Expands Product Line with Acquisition of PowerNetix IP

Telcordia-qualified Pump Laser Manufacturing Capabilities Provide Entry to New Markets and Customers

Bedford, Massachusetts – July 26, 2004 – EM4, Inc., an emerging force in design and manufacturing of photonic and integrated optic modules, today announced their purchase of the intellectual property (IP) and assets of San Jose, Calif.-based PowerNetix Inc. The purchase includes PowerNetix Unilineä packaging technology, optical manufacturing fixtures, and all PowerNetix’s pending and existing patents.

PowerNetix Inc. is best known for producing pump lasers. Their 980-nm 9000 Series laser modules are qualified according to the Telcordia GR-486-CORE standard, the industry’s most stringent reliability test. PowerNetix’s existing customer base of companies in the telecom, cable television, and industrial sectors span geographies including North America, Europe, Africa, and Asia.

“Acquiring PowerNetix helps EM4 further build our company and our brand,” said Basil Garabet, CEO of EM4. “The assets and IP from PowerNetix will help us to expand our product line and our customer base. This is an important step in the growth of EM4.”

EM4 helps its customers drive down costs, reduce risk, and compete more effectively by outsourcing the design and manufacture of optoelectronic and photonic components. These services enhance manufacturability, eliminate production bottlenecks, and accelerate overall time-to-market. EM4 has developed proprietary tools that provide faster and more accurate fiber alignment and assembly that greatly speeds the manufacturing process.

EM4's core capabilities include the design, development, full-scale production and reliability testing of integrated active devices including directly modulated lasers, photodiode receivers, transceivers, pump lasers and amplifiers. By partnering with EM4, companies can focus valuable resources on product innovation, marketing, and distribution with confidence that the supply of the most critical optoelectronic components in their systems and networks is reliable and cost-effective.

About EM4, Inc.

EM4, Inc., an emerging force in Optical Design and Manufacturing Services (ODMS), provides contract optoelectronic component and submicron assembly design and manufacturing services. Core capabilities include the design, development, production and reliability testing of highly integrated photonic components and modules. End-to-end packaging solutions make EM4 a premier outsourcing partner for optical networking, defense, life sciences and industrial photonics applications. For further information, please visit the EM4 Web site at www.em4inc.com or the EM4 Defense Web site at www.em4defense.com.