Thursday, January 9, 2014

Syndiant In Chinese Joint Venture

Dallas-based Syndiant, a developer of high resolution microdisplay technology, said Wednesday that it is in a joint venture with a Chinese private equity fund. According to Syndiant, it has formed a joint venture with Chinese private equity investor Tongtai Jiuyou, which will focus on advancing its micro display LCOS technology. Financial details of the deal were not disclosed. Syndaiant said the new venture, Zhangjiakou Syndiant Technology Co., Ltd., will be 60 percent owned by the company, with the remainder owned by Tongtai Jiuyou. Syndiant said the new company will focus on using its pico projector technology as smart phone accessories and for portable video projectors.