COLUMBIA, Md., Nov. 5 -- Essex Corp. announced it has received an additional $250,000 from Global Environment Fund (GEF), adding to a funding commitment of $1,500,000 for 2002 from its investor group. Hannon Family LLC and GEF invested $1,000,000 and $250,000, respectively, during the first nine months of 2002. The recent GEF funding includes the purchase of $150,000 of common stock at $3 per share and the purchase of warrants for $100,000 for additional investments. Essex, an optical and communications engineering company for the telecommunications and defense industries, said it will use...Read full articleRelated content from Photonics MediaArticlesPhotonics-Based Oscillator Provides Precise Signals on Compact ChipMany technologies — from communications, to radar and sensing, to positioning and navigation — rely on low-noise microwave signals for precise timing and synchronization. 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