Dual Aperture Receives Strategic Investment From SK Telecom - Quick Facts

(RTTNews) - Dual Aperture International or "DAI" announced a strategic partnership with SK Telecom (SKM) or "SKT in an effort to accelerate development of DAI's smart 3D camera technology based on dual aperture 4-color (RGB-IR) sensors. SKT becomes a strategic investor and partner to DAI alongside a $1.4 million investment, joining the previously closed Series A funding round led by leading Korean venture capital fund, Value Invest Korea.

SKT will develop applications and additional use cases for DAI's 3D image capture, virtual reality and image enhancement technologies.

DAI and SKT will collaborate under the common goal of enabling IP businesses to succeed in the creative economy.

In Korea, DAI will continue to refine its own technology while SKT, with its global Research and Development experience, will help define new applications for 3D cameras.

In US, DAI and SK Telecom Americas or SKTA will jointly set up a consumer applications development lab under SKTA's Innopartners program in order to recruit innovators to develop new 3D, virtual reality, image related applications for various markets including Mobile, Medical, Security and Automobile applications.

DAI will also collaborate with Daejeon Creative Economy Innovation Center of the Ministry of Science, ICT and Future Planning, in actively looking for technologies and patents to foster globally competitive start-ups.