LensVector and Hosiden Announce Manufacturing Partnership

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 
SUNNYVALE, CA and OSAKA, JAPAN  -- (Marketwired) -- 09/25/13 -- 
LensVector, Inc. and Hosiden Corporation announced today 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.  
For more details, please contact: 
Thomas Killick
VP Business Development
t.killick@lensvector.com
Phone; +1 650 278 2389