LONDON ó Photonis Technologies SAS has announced it has taken a 51 percent stake
in MicroOLED SA, a spin off from CEA-Leti pioneering the use of OLED materials
in near-to-eye displays.
Photonis (Merignac, France) is a privately held company with 40 years
experience in sensor technology and the design and manufacture of electronic
systems for defense, security, industrial and scientific markets. The company
did not disclose how much it has paid for its 51 percent stake.
MicroOLED (Grenoble, France), founded in 2007, develops and manufactures
highly integrated micro-displays for use in defense systems for dismounted
soldier head-up displays, in OEM instrumentation, in video glasses for 3-D and
high-definition applications, and viewfinders for cameras.
"The acquisition of MicroOLED is a natural move in strengthening the Photonis
Group's offer for the global night-vision digital market," said Goossen Boers,
CEO of Photonis, in a statement. "Our group is committed to provide to the
market low power, compact, high resolution digital optoelectronic sensors.
MicroOLED enables us to provide optimized solutions with state-of-the-art
Eric Marcellin-Dibon, CEO of MicroOLED, said: "We anticipate attractive
opportunities in the medical sector as well as in mobile products and digital
cameras for consumers." He added: "Joining the Photonis Group enables us to
strengthen our manufacturing capability and to advance our technological
developments to offer innovative products. In addition we will benefit from the
existing Photonis sales and marketing channels, to enlarge our market access to
a wide range of customers and to develop new opportunities for professional
Photonis specializes in image intensifier tubes, micro-channel plates,
nuclear detectors and power tubes with manufacturing at seven site in Europe and
the United States. The Photonis Group generated revenues of 166 million euro
(about $200 million) in 2009.
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