Halation Photonics Completes Second Funding Round
SUZHOU, China, Dec. 28, 2012 — Halation Photonics Corp. has completed its second funding round, which it will use to expand product applications. Terms of the round were not disclosed.
Northern Light Venture Capital Early Stage Investment Enterprise and Mitsui & Co. Global Investment served as the lead investors, with follow-on investments from Softbank China Venture Capital, China-Singapore Suzhou Industrial Park Ventures Co. Ltd. and Applied Ventures.
Halation Photonics, a developer of multistable liquid crystal (MSLC) devices and MSLC-related system solutions, will use the funding to accelerate systematic application exploration of Electronic Shelf Label product labeling and pricing based on Whiteon for retail, warehousing and logistics applications, to promote its “Standardized + Customized” system, and to facilitate the industrialization progress of privacy glass based on proprietary preview technology.
“Picture a future where your bathroom mirror can also play the role of information resource, displaying the weather forecast and your daily agenda, and where your vision can be precisely enhanced by tunable eyeglasses and windshields,” said Tony Chao, associate investment manager at Applied Ventures. “This is the future that Halation Photonics aims to make realized. Unlike traditional displays that require a backlight and constant power source, Halation’s multistable LCDs do not require any power to display an image.”
For more information, visit: www.halation.com
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