MAPLEWOOD, Minn., Nov. 12 -- 3M Co. announced today it has agreed to pay $850 million in cash for Corning Precision Lens Inc., the largest worldwide manufacturer of lens systems for rear-projection televisions. Corning Precision Lens, based in Cincinnati, is a wholly-owned subsidiary of Corning Inc., based in Corning., N.Y. 3M said it believes display components represent a multibillion-dollar growth industry. Digital videodiscs, or DVDS, and high-definition televisions are driving the growth in this industry as more consumers purchase large-screen, rear-projection TVs for home theaters, the...Read full articleRelated content from Photonics MediaArticlesEnhanced LCD Resolution Enables More Comfortable, Immersive VRResearchers from Innolux Corp. have developed a 3.1-in. light-field liquid crystal display (LCD) featuring an ultrahigh pixel density to overcome limitations in near-eye display, such as light-field...Photonics Spectra January 2024 IssueManufacturing Methods Make Freeform Optics More AccessibleFrom applications in ophthalmology, endoscopy, and microscopy — to use in head-up displays, lidar systems, unmanned aerial vehicles, and satellites — freeform optics are enhancing the...Photonics Spectra September 2023 IssueIn Memoriam: Editorial Board Member Bruce Walker Dies at 86Longtime editorial board member Bruce Walker, whose frequent contributions to Optical Spectra and later Photonics Spectra spanned more than five decades, died last month at the age of 86. ...Photonics.com 12/12/2022Oculi’s Smart Sensors Earn Top Prize at Luminate 2023Oculi, developer of a smart, programmable vision sensor, took home $1 million in follow-on funding and Company of the Year honors as the winner of Luminate’s sixth cohort. 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