Arasor acquired US-based Novalux through US$7 million in ARR stock along with debts owed to Arasor, meaning the company now owns the complete light source solution for laser TV.
By acquiring Novalux, Arasor can theoretically now provide an end-to-end solution in the manufacture of light sources for mobile phones, TVs, navigation systems, cinema screens and pocket-lights.
When laser TV was first displayed at the Consumer Electronics Show (CES) in the US in January 2007, attendees were informed that Mitsubishi would be the first manufacturer to offer the technology to consumer public, while Australian company Arasor and Silicon Valley-based Novalux would continue to develop and hone the optoelectronic chips which powered the display.
Arasor and Novalux got together and hosted an event in Sydney in October 2006 – three months before the CES revelation – touting the technology as a ‘plasma killer' due to its bright colours and power-saving ability.
However, local company Arasor, which was soon to be listed on the Australian Securities Exchange (ASX), disappeared from the scene shortly after, with spokespersons for the company revealing little in the way of plans for the future.
