Energy Technologies’ Cogenic Buys Maradin Laser IP to Accelerate AR and Defence Displays

Energy Technologies Limited ( (AU:EGY) ) has shared an announcement.

Energy Technologies’ subsidiary Cogenic has acquired Maradin Limited’s laser optical engineering intellectual property portfolio, positioning the business at a late-stage, prototype-ready phase in full laser projection optical engineering. The technology, based on laser beam scanning using MEMS, enables precise, focus-free projection on complex and non-flat surfaces, supporting ultra-near eye and direct retina displays.

Cogenic will reorganise and retain Maradin’s development team, led by CEO Matan Naftali, and will hold 14 global patents plus a fully operational technical team to push the technology towards commercialisation. Target markets span defence, aerospace, VR, AR, extended reality and lifestyle applications, and the approximately AUD 953,872 acquisition, funded from existing facilities and staged over 18 months, is expected to strengthen Energy Technologies’ position in advanced display and optical engineering markets.

The most recent analyst rating on (AU:EGY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Energy Technologies Limited stock, see the AU:EGY Stock Forecast page.

More about Energy Technologies Limited

Energy Technologies Limited is an Australian energy technology company that provides solutions to improve efficiency, usage and development of electricity and renewables. Its operations span low-voltage copper cables and renewable energy solutions through Bambach Wires and Cables, line fittings and fibre distribution via Dulhunty Engineering, and laser optical engineering under its wholly owned subsidiary Cogenic.

Average Trading Volume: 70,046

Technical Sentiment Signal: Sell

Current Market Cap: A$8.5M

For an in-depth examination of EGY stock, go to TipRanks’ Overview page.