• Cogenic, a 100% owned subsidiary of Energy Technologies Ltd, has acquired Laser Optical Engineering IP assets
• The patent portfolio focuses on Laser Beam Scanning (LBS) for ultra-near eye technology and direct retina display
• Target industries include Aerospace, Defence, Extended Reality (XR), Augmented Reality (AR), Virtual Reality (VR) and Lifestyle

Energy Technologies Ltd has announced that its 100% owned subsidiary Cogenic has purchased the Laser Optical Engineering IP assets of Maradin Limited. The acquisition includes a portfolio of 14 patents focused on Laser Beam Scanning (LBS) technology for ultra-near eye and direct retina display applications. The target industries for this technology include Aerospace, Defence, Extended Reality (XR), Augmented Reality (AR), Virtual Reality (VR) and Lifestyle. Cogenic's expertise lies in microelectromechanical systems (MEMS) chips for optical laser scanning, MEMS controllers, and video controllers with advanced algorithms and AI software. The ultra-near eye technology has completed the prototype stage and is ready to launch into the smart glasses market, with further medium-term applications in defence, aerospace and automotive industries. The company's digital retina display technology has also progressed to the pre-prototype stage, with development work underway in the USA. This flexible, software-driven architecture is compatible with waveguide displays and offers features such as up to 70% laser power savings, non-rectangular display shapes, natural 3D perception, and dynamic pixel density optimization. Cogenic plans to license and/or partner the technology once it reaches the pilot stage to derive revenue.

Once the ultra-near eye technology completes the pilot stage, Cogenic plans to license and/or partner the technology to derive revenue. The digital retina display technology still requires approximately 2 years of development to reach market readiness.