TEMPE, Ariz., May 1 -- Three-Five Systems Inc. has completed the acquisition of all the intellectual property and selected assets of Inviso Corp., a former LCoS microdisplay company that focused on near-to-eye applications. Jack Saltich, Three-Five Systems president and CEO, said, "I am pleased that we are able to expand our microdisplay optics capabilities with the addition of the intellectual property developed at Inviso. For a very modest investment, we will now possess optics designs that can be utilized in near-to-eye microdisplay-based products."
Company officials indicated that the acquisition provides Three-Five Systems with exclusive ownership of all of the intellectual property belonging to Inviso, which consists of 40 patents, both issued and pending, and selected assets of the corporation, for less than $1 million in cash. Three-Five assumes no debt in the transaction.