February 12, 2015 / 2:37 PM / 3 years ago

TowerJazz to make chips for Flir smartphone night vision systems

TEL AVIV, Feb 12 (Reuters) - Israel's TowerJazz said on Thursday it will manufacture chips for Flir Systems Inc's infrared technology for smartphone, security and industrial markets.

Flir makes sensors that enhance perception and awareness in a variety of applications including airborne and ground-based surveillance.

Production of chips for Flir's night vision systems will initially bring the Israeli company millions of dollars in revenue a year, a market source said. But as the systems become standard in smartphone cameras, TowerJazz's revenue from this will reach tens of millions of dollars a year, the source said.

TowerJazz's Nasdaq-listed shares opened 3.2 percent higher at $14.47. (Reporting by Tova Cohen; Editing by Steven Scheer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below