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OFH Acquires Actuality

Photonics.com
Jan 2010
ARLINGTON, Mass., Jan. 6, 2010 – Optical product developer Optics for Hire (OFH) has acquired the patent portfolio and other key assets of Actuality Systems Inc. for an undisclosed amount. 

With this transaction, OFH acquired 19 US patents and numerous patent applications, including foreign counterparts. Key assets include: Laurin Publishing's 2003 Photonics Circle of Excellence Award winner, the Perspecta spatial 3-D system, as well as multiple free-eye 3-D image projection patents, and a suite of software and hardware technologies for cancer treatment. The IP fortress was developed over 12 years and nearly $20 million of investment.

“Current consumer and electronics industry enthusiasm over so called ‘3-D’ demonstrates the potential of new displays. And what Actuality achieved is far beyond the 2-D image trickery and goofy glasses found at the local Cineplex,” said John Ellis, president OFH.“We intend to sell the 3-D displays in our inventory and continue to develop and license the technology.”

Actuality’s flagship technology, Perspecta, is a free-eye volumetric 3-D display that creates hologram-like imagery visible from every angle. Applications include medical imaging, in which a patient’s CT scan appears to float inside a transparent sphere, which can be magnified and studied by multiple clinicians around the product. Other applications include oil and gas, security, military, and molecular visualization.

Actuality founder, Gregg Favalora, joined OFH on a full-time basis in November 2009, and is assisting with technology transfer.

Perspecta, which can be seen on the hit television series "CSI: NY," received product innovation awards from the Society for Information Display, Saatchi & Saatchi and was featured in Photonics Spectra magazine.

For more information, visit: www.opticsforhire.com  





GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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