Tuesday, March 15, 2016

Advanced Scientific Concepts Sells Off Division To Continental AG

Santa Barbara-based Advanced Scientific Concepts has sold off its ASCar Division, which develops LIDAR systems for the automotive industry, to Continental AG, the company said Monday. Financial terms of the sale were not announced. Advanced Scientific Concepts (ASC) said that Continental plans to mass product flash LIDARs for the commercial automotive industry. As part of the transaction, ASC said it has created a new company, Advanced Scientific Concepts LLC, which will continue to focus on providing 3D LIDAR products for the space, manned airborne, and underwater applications, including use in UAS, autonomous vehicle and 3D mapping solutions for the domestic and international military markets. Advanced Scientific Concepts was founded in 1987.

---