Framework Agreement with TAG Optics Inc. for acquisition of shares and commercial alliance

For enhancement and added value of its line of optical products, Mitutoyo Corporation has concluded a framework agreement with TAG Optics Inc. based in Princeton, New Jersey, USA.  The agreement includes the acquisition of a majority stake of TAG Optics’ shares and the development of a comprehensive strategic technological and commercial alliance.

 

TAG Optics’ device, the “TAG Lens^TM,” is a revolutionary “tunable lens” which can change focus in sub-microseconds without any moving parts.

 

By adding this technology to microscopes and other automatic testing equipment, Mitutoyo will provide innovative, and ultra-high speed, high-resolution non-contact inspection solutions,

such as obtaining an all-in-focus image of 3D objects without any moving parts, which cannot be achieved by any other existing method.

 

By incorporating TAG Optics’ advanced technology into a variety of Mitutoyo’s proprietary technologies, new innovations in advanced measurement and testing solutions will be achieved and brought to market, leading to a revolution in manufacturing technology.

 

*TAG Optics Inc. is a start-up company, founded in 2011, which spun out of Professor Craig Arnold’s research at Princeton University.