Lemoptix : Funding 2nd round Press Release

Lemoptix, a spin-off from the Federal Institute of Technology, Lausanne, Switzerland (EPFL), has just announced its success in securing a second round of funding for 1.4 Million Swiss Francs, in order to pursue the industrialization and commercialization of its laser scanning micromirror- and ultra-miniature microprojection systems.

Lemoptix has developed a robust and high performance platform of optical MEMS (microelectromechanical systems) micromirrors for laser light scanning applications and is developing ultra-miniature microprojection systems based on this technology.

Lemoptix LSCAN laser scanning micromirrors are integrated by OEM customers into a number of immediately available applications like optical spectrometers, laser range finders and microscopes, enhancing performances and enabling the development of smaller, higher resolution and lower cost products. Lemoptix is currently commercializing its LSCAN micromirror product line with a large range of performances and is also working with leading OEMs in customizing the devices to their applications.

Lemoptix LVIEW ultra-miniature and low power consumption microprojection modules are destined to be embedded into professional and consumer applications. An embedded LVIEW module will enable the projection of content and information directly from the device on any nearby surface. The user experience is dramatically improved, enabling more comfortable viewing and sharing of content and information. Examples of professional applications are information displays in vehicles, various fixed and portable appliances and public spaces. In the consumer segment, Lemoptix is already in discussions with the top tier manufacturers of mobile devices, such as netbooks, smartphones and digital cameras, evaluating or preparing integration of microprojection technology into their products.

The market for ultra-miniature and low power consumption microprojection modules is expected to double in unit volume from 2010 to 2011 and to grow exponentially from there after, as the technology is maturing to the level where the key criteria for ultra low size and power consumption meet stringent OEM and ODM requirements. Lemoptix microprojection systems present many key advantages as its architecture has been designed and developed from ground up to meet these criteria, providing unprecedented performance vs. size, cost and power consumption.

The successful closing of the second funding round of approximately 1.4 Million Swiss Francs was made possible thanks to the continued support of the original private investors and the Swiss Go-Beyond business angel group, incremented by a few new private investors.

About Lemoptix: Lemoptix is a provider of laser scanning micromirror systems and ultra-miniature, energy-efficient microprojection systems for integration into OEM/ODM products. Embeddable microprojection modules from Lemoptix will enable OEMs to replace or complement traditional displays (e.g. LCD) with microprojection displays, providing the user with a much improved viewing and sharing experience.