Epson to Invest in Startup SiLC Technologies to Develop On-chip LiDAR Using Silicon Photonics Technology

- TOKYO, Japan, May 25, 2021 -

Seiko Epson Corporation (TSE: 6724, "Epson") and its subsidiary, Epson X (Cross) Investment Corporation has invested in -through the EP-GB Investment Limited Partnership in which both companies invest- the startup company SiLC Technologies, Inc. that develops and sells on-chip LiDAR (Light Detection And Ranging) modules that measure the distance to surrounding objects and their speed.

SiLC Technologies was established by a group of professionals with more than 20 years of experience in the silicon photonics industry and is currently developing on-chip LiDAR using silicon photonics technology. LiDAR emits laser waves that hit surrounding objects and detects the reflected laser waves to measure the distance to surrounding objects and their speed, and this technology is expected to be applied in self-driving cars and ADAS (Advanced Driver Assistance System). Additionally, LiDAR, which uses FMCW (Frequency Modulated Continuous Wave) is superior to the conventional ToF (Time of Flight) method in terms of detection range and power consumption.

SiLC Technologies' on-chip LiDAR uses FMCW and is very competitive in terms of sensor performance, IC chip integration, and manufacturing know-how. This technology is expected to be applied in various industries in the future, such as CCTVs, industrial robots, self-driving cars as well as ADAS, and AR/VR wearable consumer devices.

Epson hopes that the symbiosis between Epson's sensors-that can detect the movement, posture, and geolocation of people and objects-and SiLC Technologies' LiDAR technology will increase their market value in high growth industries like car manufacturing and robotics, apart from exploring new application domains through the synergy of various core technologies.

Epson will continue to leverage its unique technology, products, and services while actively pursuing potential co-creation of new values with our diverse partners towards the goal of making society more sustainable.

About Epson X Investment

Epson X (Cross) Investment Corporation is a CVC (Corporate Venture Capital) that is 100% owned by Epson. With Global Brain Corporation-an independent venture capital that is adept at CVC management-as a general partner, they have formed a Fund (EP-GB Investment Limited Partnership) to conduct investment.

About SiLC Technologies

Company Name SiLC Technologies, Inc.
Address 423 E Huntington Drive Monrovia, CA, United States
Representative President&CEO Dr. Mehdi Asghari
Establishment date February 2018
Number of employees 30
Business lines Development and sales of on-chip LiDAR

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About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.