SiOnyx Announces Strategic Investment and Technology Development Agreement With IQT

BEVERLY, Mass., Aug. 8, 2012 /PRNewswire/ -- SiOnyx, Inc. a leading innovator in advanced imaging systems announces today a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.  Through this strategic partnership, SiOnyx will accelerate the integration of Black Silicon image sensors in imaging systems. SiOnyx's technology advancements make VIS/NIR/SWIR imaging available in low cost CMOS.

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"SiOnyx has developed a highly differentiated platform for advanced imaging systems utilizing their proprietary CMOS image sensor technology," said Syd Ulvick, Senior Vice President in charge of IQT's Physical and Biological Technologies practice. "The company's unique approach opens a host of new opportunities for wide scale deployment of advanced imaging systems."

"We are excited to have In-Q-Tel as a strategic investor and partner," said Stephen Saylor, SiOnyx CEO. "Our partnership will expand our platform capabilities to include applications that will potentially address the needs of the government market while accelerating our entry into next generation consumer and commercial opportunities."  

About SiOnyx

SiOnyx is commercializing a patented semiconductor process that dramatically enhances the sensitivity of silicon based photonics.  SiOnyx's platform represents a significant breakthrough in the development of smaller, cheaper, high-performing photonic devices in applications ranging from simple light detection to advanced digital imaging, photovoltaics and more.  Additional information about SiOnyx is available at www.sionyx.com.

About IQT

In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. For more information, visit www.iqt.org.

SOURCE SiOnyx, Inc.