Lumus Secures Second-Round Funding

REHOVOT, Israel, Jan. 28 -- Lumus Ltd. announced today the closing of a Series B financing round, led by Motorola Ventures, the venture capital arm of Motorola Inc., and including Jerusalem Global Ventures. Lumus has developed a revolutionary light-guide optical element (LOE) that enables very compact, personal displays in various configurations. Based on an invention by Yaakov Amitai, co-founder and CTO of Lumus, the LOE facilitates mobile wearable, near-to-eye displays, hand-held screens suitable for a pocket PC or a mobile phone, and full-performance head-up displays.

"Lumus faces exciting challenges in the emerging fields of near-to-eye and other personal display configurations, with applications in several important markets," said Rami Aharoni, co-founder and CEO of Lumus.

Matthew I. Growney, managing director of Motorola Ventures, said, "We expect Lumus's technology will complement many of our products, including our compact personal mobile displays, public safety solutions and automotive applications."

For more information, visit: www.lumusvision.com