Octlight ApS filed for bankruptcy

17.05.23

The Danish tech company Octlight ApS is in bankruptcy, and attorney Christian Tornvig Jensen has been appointed as trustee. Founded in 2014, Octlight is the first company to develop and start production of the world’s fastest VCSEL (Vertical-Cavity Surface-Emitting Laser) Swept Source for OCT scanners for eye diagnostics based on extensive research at the Technical University of Denmark.

VCSEL Swept Source technology has an enormous potential in a wide range of sectors and industries.

In medical imaging, VCSEL Swept Source plays a crucial role in creating accurate and detailed images of tissues and organs. This has major benefits in ophthalmology, where it can help diagnose eye diseases such as glaucoma and macular degeneration, as well as enabling the monitoring of treatment effectiveness over time.

In addition to medical imaging, VCSEL Swept Source technology can also be used in industrial monitoring. Its high resolution and fast data acquisition rate allows it to detect and monitor minor defects or changes in materials or structures. This can be particularly useful in the building and construction sector, where early detection of structural weaknesses or faults can prevent accidents and injuries.

Another sector where VCSEL Swept Source technology can be used is in the automotive industry. By using this technology, advanced driver assistance systems can be created in order to monitor the road and identify obstacles with high precision. This can help improve road safety and reduce the number of road accidents.

Finally, VCSELs have proven to be efficient light sources for optical communication and enable high-speed transmission of large amounts of data over long distances. Therefore, VCSEL Swept Source technology could be a key component in the development of faster and more reliable communication networks.

On the utilisation of the technology, attorney Christian Tornvig Jensen states that there is a great potential for potential investors, and he continues:

Octlight is in many ways a unique company – and a company with great potential. The groundbreaking VCSEL Swept Source technology, which Octlight has developed in collaboration with DTU, can be used in a wide range of industries. Currently, negotiations are ongoing with several interested investors, and we are focused on transferring the assets in the bankruptcy estate to an acquirer who has the ability and means to finalise the development of the technology and prepare it for commercial use.