Peak Nano Optics Closes Minority Investment with L3 Technologies
JX Luxventure Limited (LLL)
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Source: Business Wire
COPPELL, Texas--(BUSINESS WIRE)-- Peak Nano Optics closed a significant minority investment on February 6, with the signing of an equity and development package with L3 Technologies (NYSE:LLL) as part of a broader expansion plan and program. Details and terms of the agreement were not disclosed. The L3 Technologies investment will accelerate breakthroughs for military and commercial optics applications, with the potential for new product launches as early as 2019. Overall, this latest round of investments will enable Peak Nano Optics to significantly expand its manufacturing efforts. “We’re thrilled to have L3 as both an equity and development partner,” said Jim Welsh, Chief Executive Officer for Peak Nano. “L3 operates as an industry leader in many of the markets where our lens technology makes a tremendous impact on system-level performance, which creates new opportunities for our technology. T
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