LumaSense Acquires ITC from L-3 Communications

SANTA CLARA, CA /PRNewswire/ -- LumaSense Technologies Inc., a global provider of temperature and gas sensing solutions, used in a wide range of industries, announced it has acquired Buellton, CA–based InfraredVision Technology Corp. (ITC) from L-3 Communications. Financial terms of the acquisition were not disclosed.

ITC produces vanadium oxide microbolometer detectors, which are used in thermal imaging systems, such as infrared cameras. The acquisition gives LumaSense additional capabilities to build complete thermal-imaging solutions that can be used to improve efficiency, quality, and safety in a broad range of applications in the energy, emissions, and industrial markets globally. By vertically integrating, LumaSense will be uniquely able to offer the highest level of precision and repeatability in thermal imaging equipment by controlling all aspects of the system. LumaSense will retain all of ITC's employees, who will remain located at the company's Buellton facilities.

"ITC's people and technologies represent valuable additions to LumaSense because they fall right in line with our commitment of engineering the highest quality products," said Vivek Joshi, LumaSense CEO. "Welcoming ITC gives us greater flexibility and control in designing thermal imaging solutions that meet our customers' individual needs."

LumaSense's technology portfolio includes sensors and cameras that monitor temperature and gas emissions globally in markets as diverse as energy, industrial, and clean technology. The ITC acquisition will allow LumaSense to expand its offerings into areas such as public safety, with specialized applications including security, traffic control, and firefighting.

About LumaSense
LumaSense Technologies Inc. provides temperature and gas sensing solutions that optimize the performance of equipment, environments, and organizations. We are a trusted partner to both end-user and original equipment manufacturers, drawing on our proven technologies and deep industry expertise to develop state-of-the-art infrared and fiber-optic temperature sensors, radiometric thermal imagers, and gas analyzers. With offices in Asia, Europe, and the Americas, LumaSense is ideally positioned to serve the needs of the energy, industrial, and clean technology markets worldwide.

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