ScoutCam entered into royalty licensing agreement for its patented micro-visualization solutions with Japan-based Sumita Optical Glass Inc., a specialty optical fiber technology company, for use in the manufacture and development of its medical device products. Sumita designs and manufactures micro-optical parts such as micro-lenses, image bundles, lenses and light guides for use in small-diameter endoscope sub-assemblies sold in Japan and around the world. Sumita opened a new manufacturing facility in May 2021 to increase its capacity for high volume production of its micro and high precision optical components used in endoscopes as well as new medical device products currently under development.

According to the terms of the agreement, Sumita will pay ScoutCam a royalty for use of the Company's small diameter video camera technology. The license entitles Sumita to include the Company's technology in products sold worldwide.