DigiLens Expands Technology Ecosystem
DigiLens Inc., a leading
nanotechnology innovator in waveguide display technologies and headworn
smartglasses, announces a collaborative partnership with India-based Kaynes
Technology India Limited to scale waveguide manufacturing. Kaynes Technology, a
leader in electronic component manufacturing for the space research, defense,
aerospace, railway, healthcare, automotive, and other commercial sectors, is
strategically positioned as a DigiLens licensee to scale waveguide
manufacturing to aid in the delivery of DigiLens’ flagship Augmented Reality
(AR) device, the DigiLens ARGO™, in the Indian market. Kaynes Technology and
DigiLens will collaborate through Kaynes Semicon Pvt Ltd, a 100% subsidiary of
Kaynes Technology, at their Green Field facility in Hyderabad.
DigiLens’ optical platform
allows OEMs to create customizable, cost-effective waveguide-based AR
experiences for both enterprise and consumer applications. DigiLens’ optics are
unique — they are manufactured from a proprietary photopolymer and low-cost
holographic manufacturing process, which is more cost-effective than any other
waveguide displays on the market.
“We are excited to be
working with Kaynes Technology because of their advanced manufacturing and
design presence in India. Augmented Reality glasses have started to scale in
the market and DigiLens along with its licensed waveguide partners will be
ready to deliver the highest-performing waveguides in the world,” says DigiLens
CEO Chris Pickett. “Commercial delivery of AR smartglasses need these critical
components from a global ecosystem of partners at a low cost and a high
manufacturing yield to ensure success. Kaynes Technology’s existing footprint
and market presence will help accelerate this adoption and enable new markets
for both our companies.”
With a nearly $60 billion
total addressable market growing to $280 billion by the end of 2030 at a
compound annual growth rate of 34%, and some of the biggest technology
companies like Meta, Google, and Apple committing an estimated $75 billion
combined market investment, the DigiLens and Kaynes partnership represents a
massive opportunity in the industry’s fastest-growing market, Asia.
“We are very excited about
joining the Augmented Reality revolution and to supporting scaled manufacturing
of the next generation of optical waveguides with DigiLens’ nanotechnology,”
states Founder & Managing Director of Kaynes Technology, Mr. Ramesh Kannan.
“This partnership greatly advances our initiatives towards advanced
manufacturing in India and opens a new part of the world to deliver on the
future of mobile compute. We are investing in building a world-class OSAT
facility in Hyderabad, Telangana, where we will be manufacturing ‘Made in
India’ waveguides and light engines for ARGO devices, as well as supplying high-yield
waveguide manufacturing to satisfy the demand in global markets. We welcome
DigiLens to the Kaynes family of companies, and we are looking forward to
exceptional growth in this category.”
Through this partnership,
DigiLens will significantly expand their footprint in APAC by bringing marquee
products to the commercial, industrial, and defense markets in India. Together
with Kaynes Technology, they will develop joint initiatives to deliver ARGO and
other DigiLens products for AR, providing cutting-edge solutions to industry
workforce challenges and driving innovation in manufacturing in India and the
broader global market.
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