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Sep 30th, 2013
LensVector and Hosiden announce manufacturing partnership
New agreement will combine LensVector's patented tunable liquid crystal technology with Hosiden's world class LCD manufacturing capability, to supply solid-state autofocus camera components to the rapidly expanding smartphone market.
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LensVector, Inc. and Hosiden Corporation announced that they have reached an agreement for Hosiden to be LensVector's manufacturing partner. Production is scheduled to start early in 2014 in Hosiden's Shiga, Japan LCD facility. The agreement greatly expands LensVector's manufacturing capabilities to serve the rapidly expanding global market for smartphones and other mobile devices. LensVector has developed breakthrough technology that can shape, steer and focus light without mechanical movement. This technology can replace, at a fraction of the cost, electro-mechanical focusing systems in miniature cameras. Hosiden will be using their LCD production technology, developed over a 40-year history of LCD production, to manufacture autofocus camera components to meet the quality and volume needs of the mobile phone market.

"Partnering with a world class manufacturer like Hosiden is an important step in establishing LensVector as the premier provider of solid-state autofocus lenses," said Howard Earhart, CEO, LensVector. "LensVector's manufacturing strategy is to merge high quality, low cost mature LCD panel manufacturing with our proprietary thin film process. This combination will provide very high capacity from existing Fabs yielding arrays of thousands of lens elements per panel."

"Hosiden is pleased that our existing production technology, developed in our long experience with LCD manufacturing, can be used to create a stable mass volume manufacturing process for new products based on LensVector's technology," said Kenji Furuhashi, Hosiden's CEO. "We believe we can help LensVector address large markets with these innovative products."

About LensVector, Inc.
LensVector has developed solid-state autofocus devices, known as LensVector AutoFocus elements (LVAF), using a unique, patented technology to transform a liquid crystal (LC) cell into a variable focus lens. Rather than physically moving a lens stack, as is the case with traditional mechanical solutions, LensVector applies a small control voltage to dynamically change the refractive index of the material to focus the light. LensVector's technology controls the rotation of the molecules in the LC cell to achieve this change in the refractive index. Because the resulting solid-state autofocus camera has no motor or moving parts, it is more rugged and reliable than mechanical alternatives. LensVector's manufacturing process is based on a combination of LCD and semiconductor processes that are inherently more controllable and cost effective than the assembly of multiple mechanical components. More information can be found at the company's Web site at http://www.lensvector.com.

About Hosiden Corporation
Hosiden Corporation engages in the manufacture and sale of Liquid Crystal Displays, connecting components, acoustic components, electronic components and appliances, auto parts, information telecommunications equipment, office machines, medical equipment, and related parts. Their products are used in mobile phones, audio visual products, personal computers (PC) and PC peripherals, photovoltaic generation systems, and car electronics. The company was founded in 1950 in Japan and is listed on the Tokyo Securities Exchange (OSE: 6804). More information can be found at the company's Web site at http://www.hosiden.com.

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