Tuesday, March 17, 2015

Dual Aperture Gets More Money from Strategic Partner

PRNewswire: Dual Aperture International ("DAI") announces a strategic partnership with SK Telecom ("SKT") in a development of DAI's 3D camera technology based on dual aperture 4-color (RGB-IR) sensors. SKT becomes a strategic investor and partner to DAI alongside a $1.4M investment, joining the previously closed $5.7M Series A funding round led by Korean venture capital fund Value Invest Korea.

SKT will develop applications and additional use cases for DAI's 3D image capture, virtual reality and image enhancement technologies. Prof. Chong-Min Kyung, CTO of DAI, commented that, "SKT is a global technology leader with the size and expertise to accelerate DAI's product implementation into global industries spanning mobile, medical, security and automotives. Korea already has a strong technological position in these growing industries, and the partnership between SKT and DAI will only further improve Korea's ability to provide innovative technologies and solutions to these markets."

In Korea, DAI will continue to refine its own technology while SKT will help define new applications for 3D cameras. In the US, DAI and SK Telecom Americas (SKTA) will jointly set up a consumer applications development lab under SKTA's Innopartners program in order to recruit innovators to develop new 3D, virtual reality, image related applications for various markets including Mobile, Medical, Security and Automobile applications.

DAI will also collaborate with Daejeon Creative Economy Innovation Center of the Ministry of Science, ICT and Future Planning, in actively looking for technologies and patents to foster globally competitive start-ups.

Dual Apertures technology is presented in its patent here.

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