Newsight Imaging Wins Second Prize of 500,000 RMB in a Leading International Optics Valley Competition in Wuhan China
Ness Ziona, Israel – December 16, 2018 – The 2018 Optics Valley of China 3551 International Innovation and Entrepreneurship Competition was launched in Beijing, capital of China, on August 31.
3,000 projects were submitted around the world to the Wuhan competition arranged by the Ministry of Science and Technology of the People’s Republic of China. The primely competition held in Israel, received 200 applications, while only 20 companies were selected to participate on the Israeli Division Finals. On the Israeli Division Finals, 3 companies had won their spot, Newsight included, to join other 31 companies around the world to compete on the Semi-finals in Wuhan China.
The great Finals held in Wuhan, a day after the semi Finals, had top 8 companies of which will share the award of 3 million RMB. Newsight Imaging that was selected to compete in the Great Finals, has won the Second Prize of 500,000 RMB and access to investment opportunities and cooperation with local companies in the optic valley community. The first prize of 1 Million RMB, was granted to a local Chinese company.
Newsight Imaging was represented by its Co-founders, Eli Assoolin, Newsight’s CEO and Eyal Yatskan, Newsight’s CTO. Both Co-founders presented Newsight’s innovative technology and game changer products, 3D CMOS Image sensors for machine vision, used for robotics, depth camera for automotive, mobile and surveillance applications. Newsight intends to use the prize and the new connections made to establish a local activity. Furthermore, the startup company already found a first leading customer in Wuhan and currently are in an advanced process for mutual cooperation.
About Newsight Imaging
Newsight Imaging Ltd. (www.nstimg.com) develops advanced CMOS image sensor chips, providing 3D solutions for high volume markets. The chip’s sensor is manufactured using CMOS technology with ultra-high sensitivity pixels, replacing more expensive CCD sensors and other camera modules in LiDAR applications for robotics, automotive (ADAS and Car safety) and drones as well as in other markets, such as mobile depth cameras, AR/VR, Industry 4.0 and barcode scanners.
Newsight’s NSI3000 family is already in the market with high-volume customers and a big pipeline of evaluations. Newsight’s patent-pending eTOF (Enhanced Time-of-Flight) Technology bridges the gap between short-distance iTOF and the long-distance requirement of the automotive industry by extending the dynamic range while retaining high accuracy.