NEWS
Syntax-Brillian Signs Agreement In Principle To Sell LCoS™ Operations
October 22, 2007
Syntax-Brillian Corporation announced that it has signed an agreement in principle to sell its operations in Tempe dedicated to the manufacture of LCoS™ microdisplays and light engines. It is anticipated that the transaction will be completed in November. Under the terms of the agreement, the company will retain all patents and intellectual property associated with LCoS but will license the technology to Compound Photonics Ltd. (a UK-based company with an office in Portland, Ore.) in exchange for an equity interest in Compound Photonics. Compound Photonics will use its equity to acquire the LCoS manufacturing equipment and inventory and will assume the lease on that portion of the Tempe facilities used in the LCoS operations.
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