LONDON: Photonis Technologies SAS now holds a 51 percent stake in MicroOLED SA, which is a spin off from CEA-Leti that are the pioneers in the use of OLED materials in near-to-eye displays.
The privately held French company announced this development without disclosing how much the cost of the acquisition has come to. Photonis has 40 years of experience in sensor technology and in designing and manufacturing electronic systems for defense, security, industrial and scientific markets.
MicroOLED, also based in France, was founded in 2007. The company develops and manufactures highly integrated micro-displays that are being used in such varied fields like 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.
Sources say that this acquisition in MicroOLED comes as part of Pohotonis’ moves to strengthen the Group’s presence in the night-vision digital market. The company is focused on providing sensors that are low power, compact, high-resolution digital optoelectronic. Having MicroOLED on board with them is expected to help in Photonis providing optimized solutions in combination with state-of-the-art micro-display technology.
Currently, Photonis specializes in image intensifier tubes, micro-channel plates, nuclear detectors and power tubes with manufacturing at seven sites across Europe and the US. They have generated revenues of 166 million euro (about $200 million) in 2009.