Ann Arbor Coherix teams with Chinese firm, lands $12M in investment

The world just gets smaller and smaller and smaller. Ann Arbor's Coherix has taken on a Chinese investor to the une of $12M to help market their current technology and develop more products for their target industries.

Excerpt:

"Xintai Electric is a new investor to Coherix. Based in Liaoning, the company specializes in the research, development, manufacture and sales of power equipment in China. Initially, the joint venture will focus on marketing the existing Coherix Robust 3D machine vision products to the automotive industry in China and throughout Asia. The product line will include Predator3D™, Robust3D™, Saber3D™ and ShaPix3D® systems. Coherix and Xintai Electric intend to expand operations into the semiconductor, precision manufacturing and aerospace markets as well as other industries. In addition, the companies jointly plan to refine the 3D machine vision products to better suit the needs of local markets."

Read the rest here.
 
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