HALIFAX, Nov. 20, 2015 /CNW/ - Halifax technology company 4Deep inwater imaging closed a $500,000 equity investment with BOSMA USA on November 13, 2015. Concurrent with this investment, the company secured product distribution through all of mainland China, Hong Kong and Macau. In addition, 4Deep and BOSMA will establish a mutual research and development venture based in Silicon Valley.
With BOSMA's expertise in optical manufacturing, the focus will be to enhance 4Deep's core proprietary digital holographic technology for the purpose of quality control for large-scale, optics manufacturing.
"We are thrilled with this agreement," said 4Deep CEO Dr. Stephen Jones. "The Chinese market is extremely important to 4Deep, and BOSMA is an ideal equity partner. This market suits our technology perfectly and will no doubt push the limits of innovation and creativity, and generate some exciting products in the next year or two."
"This is a big step for both 4Deep and BOSMA. Congratulations to the team!" said BOSMA USA CEO, Dexiang Zeng. "We look forward to working together closely and expect great success in the future."
The primary focus in Halifax will not change and 4Deep will continue to enhance and promote their submersible microscope for real-time water quality applications. The company continues to innovate and has just signed a research agreement with Dalhousie University to collect marine algae images which will be used to develop a Deep Neural Network (DNN) based automatic recognition software.
2016 will be exciting for 4Deep as the company also launches a new submersible florescence microscope. With added capital, the company will be expanding by hiring additional employees in early 2016 and improving production capacity.
About 4Deep inwater imaging: 4Deep, located in Halifax, NS, was founded in 2008 and is a designer, manufacturer and seller of digital holographic microscopes. These devices are used globally across a broad platform including biomedical research, water quality monitoring, harmful algae detection, oceanographic research as well as oil spill detection and quantification.
4Deep has a varied patent portfolio and has received numerous awards for innovation in microscopy. In 2014, 4Deep was the only Atlantic Canadian company to make Deloitte's "Companies to Watch in Canada" list, and CEO Dr. Stephen Jones was a finalist in the 2014 Ernst & Young Entrepreneur of the Year Atlantic awards. www.4-deep.com
About BOSMA USA: BOSMA USA is part of Guangzhou BOSMA Optoelectronic Technology Co., Ltd. founded in 2000 with its main branch in Guangzhou, China and R&D offices in Beijing, Shanghai, Shenzhen and Silicon Valley. BOSMA is the most recognized brand in China for R&D and manufacturing of various optical and electronic products such as binoculars, astronomical telescopes, riflescopes, laser rangefinders and night vision devices. They also specialize in intelligent imaging technology with 3D shutter glasses, 3D depth perception modules and 3D stereoscopic imaging. www.bosmaoptics.com
Image with caption: "4Deep inwater imaging (CNW Group/4Deep)". Image available at: http://photos.newswire.ca/images/download/20151120_C8613_PHOTO_EN_550124.jpg
For further information: Stephen Jones, Ph.D., EMBA (CEO), Tel: 902.817-5621, Email: [email protected]