San Jose Business Journal publishes an article about LensVector plans. LensVector is already in production with 30,000 square feet of manufacturing space in Mountain View and Sunnyvale, said CEO Derek Proudian, who co-founded the company with CTO Tigran Galstian, a professor at Laval University in Quebec City. LensVector’s Silicon Valley facilities are designed to scale to 5 million units per month, or 60 million per year. Proudian said the demand could be 10 or 20 times that, and the company is considering a second production line. Expansion in Silicon Valley is one of several options it is considering.
The company hopes to go into mass production in the second half of this year. Though no customer announcements have been made, Samsung is working with LensVector.
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