31 October 2003 Sunnyvale, CA -- SBG Labs, Inc. has acquired all of the patents and trademarks of DigiLens, Inc. through an open bid foreclosure sale held by a syndicate of DigiLens' secured lenders. DigiLens, was a developer of optical components based on electrically switchable Bragg gratings before it fell victim to the optical telecommunications market downturn. SBG Labs now plans to offer display products and services under the DigiLens trademark.
"We are delighted to have been declared the winner in this open auction," said SBG Labs President and CEO Jonathan Waldern. "We will now leverage the DigiLens brand and patents in the consumer and automotive display markets. On behalf of the SBG management team, many of whom worked at DigiLens, Inc., I would especially like to thank our customers and partners without whose support and encouragement none of this would have been possible."
SBG Labs recently began sampling its first DigiLens Holodisplay product for digital camera viewfinders and is developing other Application Specific Optical Elements (ASOEs) for international display customers.