PORTLAND, Ore. and HYDERABAD, India, April 8, 2025 /PRNewswire/ -- OptiMIM, a Form Technologies company and a leader in advanced metal injection molding (MIM) solutions, is pleased to announce a strategic joint venture with Vasantha Tool Crafts Pvt.Ltd., a division of the globally recognized Vasantha Group. The new entity, "OptiMIM Global," marks a significant step in enhancing manufacturing capabilities, expanding market presence, and delivering cutting-edge MIM solutions to industries worldwide.
By combining OptiMIM's state-of-the-art MIM technology with Vasantha's industry-leading expertise in precision mold design and high-accuracy manufacturing, this collaboration is set to redefine the standards for complex metal components across automotive, medical devices, consumer electronics, industrial, defense, and aerospace sectors.
Strategic Advantages of the Joint Venture
"Partnering with Vasantha Tool Crafts Pvt.Ltd. aligns with OptiMIM's mission to deliver world-class precision metal components with superior performance," said Marc Riquelme, President of OptiMIM & Signicast. "This joint venture enables us to leverage Vasantha's deep expertise in mold design and manufacturing to further enhance our offerings and provide even greater value to our customers worldwide."
Dayanand Reddy, Managing Director, Vasantha Tool Crafts added, "We are excited to join forces with OptiMIM to push the boundaries of MIM technology. Our complementary strengths in high-precision manufacturing and innovative design will drive new possibilities for our customers across various industries."
This partnership is expected to accelerate growth, expand production capabilities, and enhance customer solutions by leveraging both companies' combined expertise, infrastructure, and commitment to excellence under the new OptiMIM Global brand.
About OptiMIM
OptiMIM, a Form Technologies company, is a leading provider of high-performance metal injection molding solutions, delivering world-class strength, corrosion resistance, and precision for the most demanding industries. With expertise in custom-formulated alloys and state-of-the-art manufacturing, OptiMIM ensures superior performance whether customers need thousands or millions of parts. Learn more at optimim.com.
About Vasantha Tool Crafts Pvt.Ltd.
Vasantha Tool Crafts Pvt. Ltd., established in 1989 in Hyderabad, India, is a leader in high-precision plastic injection molds and metal injection molding (MIM) solutions. Serving industries such as FMCG, healthcare, and consumer durables, the company has delivered over 4,000 Class 101 molds worldwide. Vasantha's advanced manufacturing capabilities include robotic automation, 3D metal printing, and in-house vacuum heat treatment. The company operates five state-of-the-art facilities across three continents. For more information, visit vasantha.com.
Media Contact:
marketingformtechnologies@formtechnologies.com
(704) 927-2790
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
OptiMIM and Vasantha Tool Crafts Pvt.Ltd. Announce Strategic Joint Venture "OptiMIM Global" to Advance Metal Injection Molding Innovation and Global Reach
Featuring motorized 360° pan-tilt monitoring, smart lighting, and an innovative privacy mode, Lorex redefines the simplicity of smart home protection with the launch of 2K Lightbulb Camera in U.S.
MARKHAM, Ontario, April 23, 2025 /PRNewswire/ -- Lorex Technology, an industry leading security brand, is proud to announce the launch of its latest innovation: the 2K Wi-Fi Lightbulb Camera. As crime rates rise and budgets tighten, homeowners and even tenants are seeking affordable, low-profile solutions for powerful, hassle-free protection. Easy to install and smarter than ever, this smart lightbulb camera offers discreet HD surveillance with an effortless screw-in and wire-free set up so that it's ready to use in seconds. Additionally, it introduces a thoughtful privacy feature, offering peace of mind without disrupting neighborhood (or landlord) harmony.
Seamless Security Meets Smart Illumination for Modern Homes
Lorex's Wi-Fi Lightbulb Camera reimagines traditional security in a moment of increased awareness. As concerns over rising grocery bills grow and homeowners remain vigilant, this camera offers a discreet, dual-purpose design without breaking the bank. Lorex blends a high-resolution security camera with the convenience of a smart lightbulb that works to monitor both day and night.
Positioned beneath the multi-directional LED lightbulb, the 2K camera offers outstanding resolution and color night vision for homeowners to protect and illuminate their property effortlessly. Whether it's monitoring a living room, driveway or backyard, this dual-purpose device ensures complete coverage with unmatched flexibility.
Full 360° Coverage to Brighten and Secure Every Corner with Precision
At the core of this design is its motorized pan-and-tilt camera that can be controlled to tilt vertically or rotate horizontally up to 360°. This offers users full coverage across a property, thereby eliminating blind spots for homeowners. They can also adjust their field of view in live view for real time monitoring – all from their phone
However, the innovation of this lightbulb camera, which is a first of its kind, is designed with privacy in mind. Should neighbors have concerns, the Privacy Mode feature lets users quickly point the camera inward with a simple command, while continuing to function as a lightbulb.
Easiest installation on the Market, Perfect for Both Landlords and Tenants.
Lorex's 2K Lightbulb Camera is also designed to meet the needs of modern living, especially for renters who want security without risk of damaging their landlord's home. It effortlessly fits into any E26/E27 standard light socket — no extra tools or wiring required. The seamless 2-step setup process is designed to take under 5 minutes, delivering optimal efficiency with minimal effort. Secondly, with the versatile and flexible design, users can easily move the device in multiple locations adapting to their ever changing security needs.
"We're committed to empowering homeowners with versatile yet innovative security solutions," says Alan Mok, Product Manager at Lorex Technology. "By combining a functional lightbulb with state-of-the-art security features, this device exemplifies our mission to merge functionality, simplicity, and advanced technology to ensure peace of mind."
Light on Demand
The device's multi-directional 400 lumen LED lightbulb also adds another layer of customization. The 400 Lumen dimmable lightbulb features a compact and adaptable layout that provides optimal compatibility in diverse lighting structures and integrates advanced smart lighting control using the Lorex app. The device offers six light scheduling modes (Manual, Scheduled, Motion, Camera-activated, Vacation, and Grouping mode), and allows for automated activation at specific times for enhanced security. Users can manually set the light for 24/7 illumination for continuous protection, synchronize multiple lightbulbs to activate simultaneously or schedule at specific times for an energy-efficient solution.
The device also comes equipped with intuitive features that enhance the whole lighting and monitoring experience:
The 2K Lightbulb Camera, sold individually, is now available for US $69.99 on Lorex.com through the following link: https://www.lorex.com/products/sl300-2k-smart-lightbulb-camera
For a limited time, Lorex is also offering the 2K Lightbulb Camera bundled with a 1-year Cloud Subscription (valued at US $29.99) only for US$5 more at US $74.99.
For more information, visit Lorex Technology
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lorex Technology Launches Revolutionary 2K Wi-Fi Lightbulb Camera, With Privacy Protections Baked In
