Newsight Imaging Awarded Second-year $560,000 Grant by The Israel Innovation Authority
After Newsight met all the targets of first-year grant, the second-year grant will be used to develop its NSI5000 sensor chip, based on Newsight’s eTOF™ technology, for Automotive, Mobile, and Surveillance camera applications.
Ness Ziona, Israel, February 21, 2018 – Newsight Imaging has been awarded a $560,000 grant by the Israel Innovation Authority in the Israeli Ministry of Economy and Industry to support the development of the company’s NSI5000 CMOS image sensor chip in 2018.
The grant was approved following an in-depth review of Newsight’s performance in the previous year, and of the new plans for the upcoming sensor chip. Last year, Newsight used the grant to develop its game-changing NSI3000 Line sensor, which achieved outstanding performance and has already been sold in high-volume markets.
The NSI5000 is based on Newsight’s eTOF (enhanced time-of-flight), which bridges the gap between short-distance iTOF (indirect time-of-flight) and the long‑ distance automotive requirement, by extending the dynamic range while retaining high accuracy.
The NSI5000 is highly programmable and flexible. The chip offers LiDAR solutions for long-range applications for autonomous cars and ADAS, and depth cameras for smartphones and drones (unmanned aerial vehicles). Its superb processing capabilities, coupled with internal memory, enable custom-tailoring of the chip for specific solutions.