CollPlant Biotechnologies Ltd. (CLGN) Discusses Acquisition of Lightsolver and Strategic Entry Into High-Performance Photonic Computing Transcript
Operator
Now we will begin with Eran Rotem, Deputy CEO and Chief Financial Officer, who will provide a brief overview of the transaction. Then Dr. Ruti Ben Shlomi, LightSolver Co-Founder and CEO, will take you through the technology and the business. We will then address questions that were submitted in advance. [Operator Instructions]
Before we begin, please note the disclaimer on this slide. Today’s remarks include forward-looking statements, including statements about LightSolver’s technology and product road map, commercialization plans, customer activity, market opportunities, expected performance and future financial objectives.
These statements reflect current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to CollPlant’s SEC filings for a discussion of these risks and for additional information regarding the transaction. We do not undertake to update forward-looking statements, except as required by law.
And now I will hand over to Eran. Eran, please begin.
Eran Rotem
Deputy CEO & CFO
Good morning, everyone. The recent acquisition of LightSolver makes it a pivotal moment for CollPlant, representing our strategic entry into the high-performance computing, HPC, sector, a significant new growth engine for the company. Our rationale is centered on 3 key pillars. First, the opportunity. We are entering a massive market projected to reach nearly $90 billion by 2034 with applications across critical high-value industries. Second, the technology. This is not a concept. LightSolver has a proven working system that has already achieved a real-world validation with a global leader like Boeing. And third, the path to scale. This is where CollPlant creates decisive value. We provide a robust public company platform, the access to capital and the experienced leadership to accelerate LightSolver’s journey to commercialization.
