CollPlant Biotechnologies Ltd. has entered into a definitive agreement to acquire the Israeli IT company LightSolver Ltd. to develop a laser-based computing architecture. This is reported in a press release from CollPlant.
The financing of the transaction provides for the exchange of shares issued at the closing of the transaction, as well as options directly related to the achievement of LightSolver's specific technological and commercial goals, and extended options on CollPlant shares.
LightSolver is bringing to market a new architecture capable of eliminating the limitations associated with speed, power consumption, and heat dissipation in semiconductor computing. The company has developed the world's first laser Processing Unit, combining the advantages of classical and quantum computing in a compact platform designed for commercial use.
The quantum-oriented architecture of LightSolver allows you to take advantage of some of the advantages of highly parallel physical computing on a platform operating at room temperature, while avoiding many of the practical limitations associated with quantum computing.
LightSolver recently partnered with Boeing Company to adapt LPU technology to perform complex physical calculations in the aerospace industry. LightSolver collaborates with leading global companies to integrate photonic computing technology into mission-critical modeling processes for resource-intensive engineering and physical AI applications.
CollPlant Biotechnologies Ltd. is an Israeli biotechnology company in the field of regenerative and aesthetic medicine using a patented plant—based genetic engineering technology. The headquarters is located in Rehovot (Israel).
LightSolver is an Israeli IT company developing photonic computing systems. LightSolver is a developer of an optical computing architecture using coupled lasers from the Laser Processing Unit. The headquarters is located in Tel Aviv (Israel).
Read our Telegram channel "Mergers and acquisitions. AK&M».
Our channel at MAX is "Mergers and Acquisitions. AK&M».
