Corning Announces Investment in Versalume
Corning Inc. recently announced its investment in Versalume LLC.
Corning Inc. recently announced its investment in Versalume LLC, a new company headquartered in California’s Silicon Valley. Versalume will focus on developing smart, integrated products and solutions based on Corning® Fibrance® light-diffusing fiber. Fibrance is an optical fiber created from a unique glass composition for maximum flexibility. Versalume reportedly will lead all commercial development efforts for Fibrance, serve as its exclusive distributor, and also offer integrated technology solutions.
“Fibrance dramatically expands the toolbox for where and how light is delivered, and Versalume will make it easy for designers to capture its potential,” said Paul Then, director of early stage business development. “We look forward to witnessing the creativity and impact of the developing Fibrance ecosystem. Fibrance combines Corning’s strengths in glass, optical physics, and fiber manufacturing, but its benefits extend beyond Corning’s current market focus. Versalume will enable Fibrance technology to quickly get into the hands of designers and customers in applications that span the consumer, architectural, automotive, and medical industries seeking to solve difficult lighting challenges.”
Mario Paniccia has been named Versalume’s chief executive officer. As Versalume’s founding leader, Paniccia brings his experience in the photonics and electronics industries, as well as his broad connections in Silicon Valley.
“I am excited for the opportunity to lead Versalume,” said Paniccia. “We are already creating products that use Fibrance light-diffusing fiber and developing new commercial opportunities with some of the best industrial designers, innovators, and thought leaders in Silicon Valley and throughout the rest of the world.”