Newsight Imaging, Brightlaser awarded collaboration grant

Newsight Imaging and Brightlaser Limited, a global competitive supplier in VCSEL, vertical-cavity surface-emitting laser, technologies, announced that Brightlaser has been awarded the first grant from the Hong Kong-Israel R&D Cooperation Programme to develop a next generation 3D home and industrial security LiDAR camera solution. "We are privileged to be working with Brightlaser on this collaboration, and we see strong synergies between our companies and technology to develop an innovative new solution for home and industrial security," said Eli Assoolin, Co-Founder and CEO of Newsight. "Our joint solution is based on solid-state LiDAR without any moving parts, an eTOF 3D CMOS sensor system and specific adjusted optics for illumination and imaging. We will work to design the receiving and the image processing systems using our eTOF proprietary patented technology, and Brightlaser will design the light transmitter sub-system. We thank the ITC and the IIA for their support and funding and look forward to working with Brightlaser over the next 18 months to develop our joint solution." On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition.