News (from Edinburgh Research and Innovation)

First Scottish university spin-out company to list on the London Stock Exchange

  • 30 July 2008
First Scottish university spin-out company to list on the London Stock Exchange

VLSI Vision was founded in 1990 to commercialise CMOS imaging technology, and became the first Scottish university spin-out company to be publicly listed on the UK Stock Exchange in 1995.

VLSI Vision Ltd was founded in 1990 by Professor Peter Denyer to pioneer the development of CMOS (complementary metal oxide semiconductor) image sensor technology in a wide range of commercial applications.

The continuing development of new camera-based product lines in the 1990s supported VLSI Vision's progress in establishing CMOS as the mainstream camera technology of the future.

VLSI Vision grew to become the world's leading producer of cost-effective, highly integrated digital cameras and vision systems.

In April 1995, the company became the first Scottish university spin-out company (Vision Group PLC) to be publicly listed on the UK Stock Exchange with a value of £25M.

Vision's products were successfully utilised in a wide variety of applications, including desktop video conferencing, digital cameras (including camera phones), security, biometrics, automotive systems and toys.

Vision Group was subsequently acquired by STMicroelectronics in early 1999 (becoming their Imaging Division) and continues to produce CMOS image sensors to this day.

In 2008 Professor Denyer, Renshaw, Wang and Lu were recognised for their pioneering research by the award of the prestigious Rank Prize in Optoelectronics. 

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