LensVector™ Secures Development Contract with IQT

Agreement to Adapt Solid-State Optics Technology to Support U.S. Intelligence Community

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--LensVector^™, Inc., the leader in solid-state optics, today announced a strategic investment and development agreement with IQT, the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.

“LensVector’s solid-state optics technology provides a novel foundational capability that is crucial to the missions of many government agencies”

LensVector has developed breakthrough optical technology that can shape, steer, and focus light without mechanical movement. Sampling today with key customers in the mobile phone and consumer electronics industries, LensVector technology replaces complex, bulky, and often fragile mechanical systems found in micro-cameras with small, simple and silent solid-state components.

“LensVector’s solid-state optics technology provides a novel foundational capability that is crucial to the missions of many government agencies,” said William Strecker, Executive Vice President of Architecture and Engineering and CTO at IQT. “Our strategic investment with LensVector will help accelerate the availability and deployment of this important technology to both the public and private sectors.”

“We are proud to have the opportunity to work with IQT,” said LensVector CEO Derek Proudian. “LensVector is committed to delivering breakthrough solid-state optics technology for micro-cameras embedded in consumer electronics, security systems and other key markets across both the public and private sectors.”

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 IQT

IQT is the strategic, not-for-profit investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. IQT concentrates on several broad commercial technology areas, including physical and biological technologies; security; and software and infrastructure. To date, IQT has engaged with more than 175 companies and delivered more than 260 technology solutions to the Intelligence Community. To learn more about IQT, visit www.iqt.org.

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.