SemiIsrael published an article about Advasense. While it mostly reiterates known stuff, there are two interesting quotes:
"The company has changed its business model during the economic downturn of 2009 and finances itself by commercializing its FCP (selling non-exclusive licenses to strategic partners). The funds are used for the development of new CIS technologies and products."
"The company is developing new generations of the FCP technology that pave the way to sub micron pixel size with excellent image quality. A 12Mpixel imager with 0.9u pixel size can be housed in 1/4" optical camera module – the same physical size used for a 5Mpixel 1.4u pixel imager."