Foxconn and UMC Join Samsung as Investors in LensVector™

Consumer Electronics Industry Leaders Back Company That Replaces Moving Parts of Camera Phones with Solid-State Optics

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--LensVector^™, Inc., the leader in solid-state optical components for camera phones, laptops and other consumer electronics, today announced that Foxconn Technology Group and UMC have joined Samsung as investors in the company’s $30 million Series C financing round.

“These investments are strong industry endorsements from the top players in mobile consumer electronics, and we are poised to make significant contributions to the industry with our breakthrough optical technology”

Other investors joining the Series C round include TransLink Capital and Harbor Pacific. The proceeds will be used to expand LensVector operations and bring the total financial backing of the company to more than $50 million.

“These investments are strong industry endorsements from the top players in mobile consumer electronics, and we are poised to make significant contributions to the industry with our breakthrough optical technology,” said LensVector CEO Derek Proudian.

LensVector has developed breakthrough optical technology that can shape, steer and focus light without mechanical movement. Sampling today with key customers, LensVector technology replaces the complex, bulky and often fragile mechanical autofocus mechanisms currently found in camera phones with a simple and easy-to-integrate solid-state component.

“LensVector’s unique technology makes advanced camera features, previously only available in point and shoot digital still cameras or high-end handsets, practical for every camera phone,” said Brian Kang, managing director of Samsung Ventures America. “LensVector autofocus has the potential to greatly expand the market, with increased revenue opportunities for service providers and an improved picture-taking experience for consumers all over the world. The technology is also perfect for video.”

“Foxconn is both the leading provider of camera module solutions and mobile phone contract manufacturing services in the world, and LensVector’s technology has great promise to help Foxconn deliver superior products to our customers,” said Foxconn. “LensVector allows autofocus to be deployed in phones that historically have been unable to support this feature because mechanical solutions were either too large or too expensive to be deployed.”

About LensVector, Inc.

LensVector is leading a revolution in solid-state optics with solutions that replace moving parts of tiny cameras found in mobile phones, laptops and other consumer electronics with solid-state optical components. LensVector delivers the smallest autofocus products in the industry, making high-quality photography, m-commerce and video practical for everyone. LensVector solutions integrate easily with any camera module and are manufactured using proven, scalable processes from the LCD and semiconductor packaging industries. For more information, visit www.lensvector.com.

About Foxconn

Foxconn Technology Group is the foremost provider of joint-design, joint-development, environmental-friendly manufacturing, assembly and after-sales services to global Computer, Communication and Consumer-electronics ("3C") leaders. Aided by its legendary execution, uncompromising customer devotion and its award-winning proprietary business model, eCMMS, Foxconn Group is not only the largest and most trusted, but also the fastest growing multinational green manufacturing services provider in the world. For more information, visit www.foxconn.com.

About Samsung

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of seven independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

About UMC

UMC (NYSE: UMC, TSE: 2303) is a leading global semiconductor foundry that provides advanced technology and manufacturing services for applications spanning every major sector of the IC industry. UMC's customer-driven foundry solutions allow chip designers to leverage the strength of the company's leading-edge processes, which include production proven 65nm, 45/40nm, mixed signal/RFCMOS, and a wide range of specialty technologies. Production is supported through 10 wafer manufacturing facilities that include two advanced 300mm fabs; Fab 12A in Taiwan and Singapore-based Fab 12i are both in volume production for a variety of customer products. The company employs approximately 12,000 people worldwide and has offices in Taiwan, Japan, Singapore, Europe, and the United States. UMC can be found on the web at http://www.umc.com.

LensVector is a trademark of LensVector, Inc. in the United States and in other countries. All other brands or product names are the property of their respective holders.