Thursday, 14 January 2010

ISee3D Teams With World's Premier Lens Maker

ISee3D Inc.
(ICT: TSX-V)
Basic Shares 35.1 million
Fully Diluted 41.1 million




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When a relatively small Montreal company like ISee3D strikes up a relationship with a division of Leica, the German manufacturer of the highest quality cameras and lenses in the world, people sit up and take notice.

That's because Leica-Microsystems, one of three divisions in the Leica family, wouldn't sign a letter of intent with a small tech company if ISee3D's single lens 3D technology wasn't potentially groundbreaking.

For a bit of background on this stellar German company, Leica-Microsystems manufactures microscopes and other highly-sophisticated optical equipment used for measurement and analysis in a host of areas.

It reported $1 billion in turnover in 2008, employs roughly 4,000 people, has 11 manufacturing facilities in eight countries, sales and service companies in 20 countries and dealers in over 100 countries.

The letter of intent ISee3D announced Jan. 13th, posits that the two firms will negotiate a definitive agreement for a strategic relationship that will develop, implement, market and distribute jointly-developed technology and its applicaitons.

To read the entire news release, please click here.