Newsight Imaging Selected Among 100 Emerging Companies to Watch in 2023 by EE Times
NESS ZIONA, Israel – August 9, 2023 – Newsight Imaging Ltd. (“Newsight”), a leading semiconductor innovator developing proprietary 3D machine vision sensors, spectral vision chips and systems, today announced its inclusion on EE Times’ renowned annual Silicon 100 list of “Emerging Companies to Watch in 2023”.
EE Times’ Silicon 100, now in its 23rd edition, delivers an annual list of electronics and semiconductor startups to watch. This year’s report highlights significant interest in artificial intelligence, resulting in a large number of AI-focused startups and an increased rate of startups globally across electronics and semiconductor markets. Companies are selected for the Silicon 100 based on a mix of criteria, including technology, intended market, financial position and investment profile, maturity and executive leadership.
“Being selected as one of the 100 emerging companies to watch in 2023 is a true testament to our pursuit of technology innovation,” said Eli Assoolin, Co-Founder and CEO of Newsight. “We are privileged to have our technologies recognized by such a prestigious electronics industry magazine as the EE Times and believe our market sensitive combination of great performance and attractive price is granting the company growing recognition as one of the leading companies to watch in the semiconductor industry. This recognition reinforces our commitment to pushing the boundaries of our potential, and we are honored to be among the chosen few driving the future of technology.”
About EE Times
EE Times offers design engineers and management executives news and analysis of the latest technologies and business developments in the global electronics industry. Award-winning journalists and subject matter experts strive to cover not just what happened today but why it happened and what it portends for the future. Since 1972, Electronic Engineering Times has been delivering news and analysis geared for electrical engineers. Over the 50 years since its founding, the electronics and publishing industries have gone through enormous changes, but EE Times remains committed to delivering content about technology, business and the profession that is accurate, insightful, useful and entertaining.
About Newsight Imaging
Newsight Imaging develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. Newsight’s depth camera sensors for machine vision serve verticals such as Mobile & Metaverse, Robotics, Industry 4.0 and Automotive Safety. The Company recently launched its innovative solid-state LiDAR reference design, the eTOF™ LiDAR, based on the NSI1000 sensor. In addition, Newsight has developed its spectral chip backed by AI technology that has multiple uses in rapid pathogen detection and in continuous, condition-based monitoring of fluid flows, including water quality. Newsight’s Virusight subsidiary’s SpectraLIT™ offers a targeted and cost-effective solution for remote healthcare, real time diagnosis, and quality inspection solutions for water and food & beverage, including COVID detection under certain circumstances in less than 20 seconds with 96% accuracy. Newsight’s Watersight subsidiary’s AquaRing provides real-time, AI-based monitoring of flow systems or processes, including installations for water quality monitoring, The Company has US and EU patents and has received multiple grants by the Israeli Innovation Authority.
On August 30, 2022, Newsight announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition Corp., a publicly traded special purpose acquisition company. The transaction is expected to close in the third or fourth quarter of 2023, at which point the combined company’s common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “NSIM”.
About Vision Sensing Acquisition Corp.
Vision Sensing Acquisition Corp. (“VSAC”) is a Special Purpose Acquisition Company (“SPAC”) that has been established to focus on the acquisition of vision sensing technologies (“VST”) including hardware solutions (chips/modules/systems), related application software, artificial intelligence and other peripheral technologies that assist to integrate and/or supplement VST applications.
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