Lumentum Acquires TriLumina Assets

Rhea-AI Summary

Lumentum has acquired specific technology assets from TriLumina, which includes patents and intellectual property related to innovative flip-chip, back-emitting VCSEL arrays. These technologies will enhance Lumentum's capabilities in 3D sensing, automotive safety, driver assistance systems, and LiDAR applications. The financial terms of the transaction have not been disclosed. This acquisition solidifies Lumentum's position in the optical and photonic product market, enabling advancements in various sectors.

Positive

• Acquisition of TriLumina's technology boosts Lumentum's position in 3D sensing and automotive applications.
• Enhances product offerings in LiDAR and safety systems, potentially leading to increased market share.
• Strengthens intellectual property portfolio, which may foster innovation and competitive advantage.

Negative

• None.

SAN JOSE, Calif., and ALBUQUERQUE, N.M., Nov. 16, 2020 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (Nasdaq: LITE) and TriLumina Corporation ("TriLumina") today announced that Lumentum has acquired certain technology assets of TriLumina, including its patents and other intellectual property. TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays for use in a wide range of applications, including 3D sensing, automotive safety and driver assistance systems and LiDAR, and other emerging applications. Terms of the transaction were not disclosed.

About Lumentum

Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com.

About TriLumina

TriLumina Corporation develops innovative laser illumination solutions for automotive, industrial, and consumer 3D sensing applications. TriLumina near-infrared VCSEL technology is used in applications from long range LiDAR to low cost, small form factor ToF systems.

Contact Information

Investors: Jim Fanucchi, 408-404-5400; investor.relations@lumentum.com

Media: Sean Ogarrio, 408-546-5405; media@lumentum.com

View original content:http://www.prnewswire.com/news-releases/lumentum-acquires-trilumina-assets-301173151.html

SOURCE Lumentum

FAQ

What technology did Lumentum acquire from TriLumina?

Lumentum acquired certain technology assets including patents and intellectual property related to flip-chip, back-emitting VCSEL arrays for applications in 3D sensing and LiDAR.

What is the significance of this acquisition for Lumentum (LITE)?

The acquisition enhances Lumentum's capabilities in key sectors like automotive safety and driver assistance systems, potentially leading to increased market competitiveness.

When was the acquisition of TriLumina's assets announced?

The acquisition was announced on November 16, 2020.

What potential applications are associated with TriLumina's technology?

TriLumina's technology is applicable in 3D sensing, automotive safety, driver assistance systems, and LiDAR.

Was the financial value of the acquisition disclosed?

No, the terms of the transaction were not disclosed.