daily coverage of the optics & photonics industry and the markets that it serves
Featured Showcases
Photonics West Showcase
Business News

poLight eyes public listing under new CEO

15 Sep 2014

Norwegian developer of tunable optical lenses for camera phones is also establishing manufacturing capability.

poLight, the venture-backed company developing fast, low-power-consumption, tunable lenses for use in smart phones and other mobile devices, has appointed Øyvind Isaksen as its new CEO.

Most recently the head of publicly listed transportation technology company Q-Free ASA, Isaksen takes over from current CEO Christian Dupont, who will now take charge of sales and marketing efforts.

Norway-based poLight says that it is working with several potential customers and is in the process of establishing production capacity in a co-operation with a manufacturing partner.

Back in 2011, it signed a deal to scale up the production process in collaboration with SVTC Technologies, but the US-based foundry company ceased its own operations amid financial problems the following year.

Now poLight says that “mainstream” production of its autofocusing, wafer-level technology should start next year, as it bids to address a market expected to grow to a value of $2 billion by 2017.

The proprietary tunable optical lens developed by the firm is said to offer a number of performance benefits compared with the more conventional voice coil motor (VCM) actuated lenses, largely in terms of its speed of focus and power consumption.

In addition, its so-called “all in focus” technology will allow users to capture images where all objects are in focus, and to refocus photographs after they are taken – similar to what can be achieved with the plenoptic cameras offered by Californian start-up Lytro.

Pending the move to scale up production, chairman Keith Cornell indicated that the likely exit strategy for poLight’s venture investors – Alliance Ventures, Ignis, Investinor, Viking Venture and the research institute Sintef – would be a public listing of the company.

“poLight's board and investors are of the opinion that the company is well positioned for a future public listing,” said Cornell, who joined the firm in early 2013. “Having Isaksen on board, we have in place a CEO with extensive experience in leading a publicly listed company.”

Isaksen himself added: “poLight has the possibility and ambition to become the leader in a billion-dollar market fuelled by the expected technology shift in mobile cameras. In addition, the company has a roadmap of innovative optical actuator technologies having several applications to be explored at a later stage.”

Optikos Corporation AlluxaLaCroix Precision OpticsHÜBNER PhotonicsPhoton Lines LtdECOPTIKUniverse Kogaku America Inc.
© 2024 SPIE Europe
Top of Page