HERZLIYA, Israel -- OTM Technologies Ltd, an Israeli company specializing in optical laser technology and Philips Enabling Technologies Group, manufacturer of optical and high precision components, today announced that they are cooperating on the design and high-volume mastering of optical precision components for OTM Technologies' OTM devices, including the LaserPoint(tm) product line. The Optical and Plastics division of Philips Enabling Technologies Group, with 20 years expertise in the design and production of optical precision parts, is contributing its advanced engineering technology to the design and manufacture of OTM Technologies' OTM sensors. The Laser Point and Virtual Pen are the first OTM Technologies products to be embedded with an OTM sensor. Rien de Schipper, Business Manager Electronics of Philips ETG, says: "We are delighted to have this opportunity to manufacture the optical components for OTM Technologies' OTM sensors. Philips ETG is well established in the market for molded integrated optics, and specifically in sensor applications. Moreover the mobile device market is a key target market in our product portfolio. We believe that working together on OTM devices presents a significant business opportunity for Philips to participate in the next generation of handheld devices."OTM Technologies Ltd. Philips Enabling Technologies Group