OPTRONTEC Enters into a Licensing Agreement with VIAVI for 3D Sensing Filters

Rhea-AI Summary

Viavi Solutions (VIAV) announced a licensing agreement with OPTRONTEC, a South Korean manufacturer specializing in optical filters and assemblies, for the use of its patented 3D sensing technology. This collaboration highlights Viavi's expertise in thin film optical coatings aimed at enhancing 3D sensing applications. The partnership aims to expand market reach for 3D sensing in consumer electronics. Key executives emphasized the importance of this agreement in driving growth within the optical filter sector, although specific terms of the agreement remain confidential.

Positive

• Licensing agreement with OPTRONTEC for 3D sensing technology could enhance Viavi's market position.
• Viavi's leadership in thin film optical coatings may drive further advancements in consumer electronics applications.

Negative

• None.

SAN JOSE, Calif., June 18, 2020 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that OPTRONTEC Inc. (KOSDAQ: 082210) ("OPTRONTEC"), a manufacturer and total solution provider of optical filter, lens and assembly based in South Korea, has agreed to a licensing agreement with VIAVI for patented three-dimensional (3D) sensing technology.

VIAVI is a pioneer and world leader in the field of 3D sensing technology, including state-of the art optical filters. In a typical gesture-recognition system, a light source emits near-infrared light towards a user and an optical filter is used to transmit the emitted light that is reflected by the user to a 3D image sensor, while substantially blocking ambient light. VIAVI's patented optical filters achieve superior optical performance, a desired reduction in filter thickness, and a reduced center wavelength shift with a change in incidence angle of the reflected light.

"VIAVI is a pioneer in thin film optical coatings with market-leading offerings for military, industrial and consumer electronics applications, including 3D sensing," said Oleg Khaykin, President and Chief Executive Officer, VIAVI. "We are committed to growing our 3D sensing business through close engagement with global consumer electronics customers and through partnership with leading companies in the consumer electronics supply chain."

"OPTRONTEC provides sophisticated optical filters for 3D sensing and plans to offer assembly and system based optical solution by integrating filter and lens technology for a wide range of applications in Korea and internationally," said Mr. Sagoan Hong, Chief Executive Officer, OPTRONTEC. "We look forward to our collaboration with VIAVI as we work together to grow the market for 3D sensing applications."

The terms and conditions of the licensing arrangement are confidential and are not being disclosed.

About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.

About OPTRONTEC
OPTRONTEC (KOSDAQ:082210) is a total optical solution provider and manufacturer of core parts in camera including optical filter, lens and assembly. OPTRONTEC identifies market needs and leads advanced development in consumer electronics, automotive, commercial/industrial, biometrics and security & surveillance. For more information, www.optrontec.net.

Media Inquiries:

Press & Industry Analysts
Amit Malhotra
+1 (202) 341-8624
amit.malhotra@viavisolutions.com

Investor Relations
Bill Ong
+1 (408) 404-4512
bill.ong@viavisolutions.com

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SOURCE VIAVI Solutions

FAQ

What is the significance of the licensing agreement between Viavi and OPTRONTEC?

The agreement allows Viavi to expand its 3D sensing technology applications, enhancing its market presence in the consumer electronics sector.

What technology will OPTRONTEC use from Viavi?

OPTRONTEC will utilize Viavi's patented 3D sensing technology and optical filters in its products.

When was the licensing agreement between Viavi and OPTRONTEC announced?

The licensing agreement was announced on June 18, 2020.

What is Viavi Solutions known for?

Viavi Solutions is known for its leadership in network test, monitoring, assurance solutions, and optical solutions for 3D sensing.

What are the potential applications of the 3D sensing technology?

The technology can be applied in consumer electronics, automotive, industrial, and security applications.