Versalume to Develop Corning Light-Diffusing Fiber
CORNING, N.Y., July 4, 2016 — Corning Inc. has invested in optical fiber developer Versalume LLC to create smart, integrated products and solutions based on Corning’s Fibrance Light-Diffusing Fiber.
Versalume will lead all commercial development efforts for Fibrance, serve as its exclusive distributor and offer integrated technology solutions. Corning will leverage its glass and materials science expertise to manufacture Fibrance. Corning representatives also will serve on Versalume’s board of directors.
Mario Paniccia, an executive and entrepreneur, has been named Versalume’s chief executive officer. As Versalume’s founder, Paniccia brings his experience in the photonics and electronics industries, as well as his connections to Silicon Valley.
“I am excited for the opportunity to lead Versalume,” Paniccia said. “We are already creating products that use Fibrance Light-Diffusing Fiber and developing new commercial opportunities with some of the best industrial designers, innovators and thought leaders in Silicon Valley and throughout the rest of the world.”
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