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Precision Optics Corp.

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Precision Optics Corp. Inc. of Gardner, Mass., has sold all of its currently issued and nonexpired patents and pending patent applications to Intuitive Surgical Operations Inc. of Sunnyvale, Calif., for $2.5 million. According to the agreement, Intuitive Surgical, which manufactures minimally invasive robotic surgical systems, will grant the seller a royalty-free, worldwide license to these patents in fields outside of medical robotics. With immediate use of the money, Precision Optics intends to grow its business in Lenslock endoscopes, Microprecision optical elements, assemblies for medical imaging, and handheld stereoendoscopes that provide 3-D images during minimally invasive surgery.
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Published: October 2011
Glossary
micro-optics
Micro-optics refers to the design, fabrication, and application of optical components and systems at a microscale level. These components are miniaturized optical elements that manipulate light at a microscopic level, providing functionalities such as focusing, collimating, splitting, and shaping light beams. Micro-optics play a crucial role in various fields, including telecommunications, imaging systems, medical devices, sensors, and consumer electronics. Key points about micro-optics: ...
AmericasBiophotonicsBusinessImagingIntuitive Surgical Operations Inc.lensesMassachusettsmedical roboticsmicro-opticsmicroprecisionoptical patent agreementOpticsPrecision Optics Corp. Inc.RapidScan

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