Just as soon as NanoOpto failed, the acquirer is touting it's acquisition. From todays APIO press release:
Developed at the Company's NanoOpto Division, this advanced product is based on a patented nanofabricated grating design. The polarizers can be optimized for use at a customer-specified wavelength, such as the 266nm quadrupled YAG laser line, and exhibits extinction ratios exceeding 20db. These devices, which are non-dichroic, high-transmission components and super thin, can be cut to any application-specific size and shape up to 4" x 4". The Company is targeting UV photolithography and display applications markets and has already received interest from a variety of global blue chip technology companies.
"This is an exciting development for API," said Phillip DeZwirek, Chairman and CEO of API. "We expected NanoOpto to yield many new products, but these polarizers are well ahead of schedule and that is a testament to Dr. Moskovits and the team at our new facility in New Jersey. We anticipate that this will highlight API's superior technical capabilities to a variety of industries and lead to new partnerships for our company."
I predict APIO will outperform TINY over 12 months.