PHOTONIS Technologies SAS announces strategic investment in MICROOLED SAS, Grenoble, France

June 17, 2010 - PRLog -- PHOTONIS Technologies is a multinational high-technology group, with more than 40 years experience in manufacturing, sales and innovation in the field of sensor technology for defense, security, industrial and scientific markets. Today we announce the acquisition of 51% stake in MICROOLED S.A.S., incorporated in Grenoble, France.

MICROOLED designs and manufactures high-performance micro-displays for near-to-eye applications. The company’s core business consists of highly integrated micro-displays for use in defense systems for dismounted soldier head-up displays, in OEM instrumentation, in video glasses for mobile HD and 3D 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. “Our group is committed to provide to the market low power, compact, high resolution digital opto-electronic sensors. MICROOLED  enables us to provide optimised solutions with state-of-the-art microdisplay technology.”

“Beyond being the display solution for defense portable systems, our unique energy-efficient technology is also at the forefront of many other near-to-eye display solutions thanks to its high resolution and image quality. We anticipate attractive opportunities in the medical sector as well as mobile products and digital camera for consumers” said Eric Marcellin-Dibon, CEO of MICROOLED. “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 of the existing PHOTONIS’ sales & marketing channels, to enlarge our market access to a wide range of customers and to develop new opportunities for professional applications.”


About PHOTONIS Technologies

PHOTONIS is a privately owned multinational company with over 1000 employees and a world-leader in the design and manufacture of low light level detectors for night vision applications and related Industrial & Scientific markets. The company specializes in Image Intensifier Tubes, Micro-Channel Plates, Nuclear Detectors and Power Tubes with production based over 7 sites in Europe and in the USA. Together the companies generated revenues of EUR 166 M (232M USD) in 2009.

PHOTONIS directly export more than 90 percent of their products. Major customers include; European Ministries of defense (France, United Kingdom, The Netherlands, Germany…), US Army CECOM, US Navy, AREVA, EDF, CEA, CNRS, US NATIONAL LABS, NASA, ESA

About MICROOLED

MICROOLED designs and develops high-performance microdisplays for a wide variety of consumer, and professional applications. The exclusive OLED (Organic Light Emitting Diode) technology from MICROOLED offers performances that are unique and unequalled in terms of efficiency, picture quality and resolution. MICROOLED is uniquely positioned to enable digital mobile video applications by providing innovative energy-efficient microdisplays. Founded in 2007, MICROOLED is a privately-owned company whose headquarters and R&D center are located in Grenoble, France, a renowned center of excellence for chipset and nanotechnology development. Team members include specialists who contribute solid expertise in OLED technology and engineering from their tenure at Technicolor (Thomson), along with experts from CEA-LETI with a strong background in CMOS, packaging, and optics.

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PHOTONIS is a privately owned multinational company with over 1000 employees and a world-leader in the design and manufacture of low light level detectors for night vision applications and related Industrial & Scientific markets.