The Company is founded and established in the area Lakkoma, Chalkidiki.


April 10: The company participates as a funding agent in the R&D Operational Programme "Semiconductor Optoelectronic Devices for Ultraviolet Light" lead by the General Secretariat of Research and Technology. The FOUNDATION FOR RESEARCH AND TECHNOLOGY - HELLAS (FORTH) participates as a main concessionary of the project. April 30:The Company completes the construction of the first prototype CO2 / 30W Laser system for experimental purposes. October 31: The Company completes the construction of the industrial prototype CO2 Laser system (evolution of the initial system) and it is prepared for the production of 50 systems until the end of 2003. December 15: A proposal is filed for the inclusion of the company's investement plan to the General Secretary of Research and Technology funding program and especially the context of the PRAXE B' program