Starting from 1992 the recruitment of the new development team began from major universities of Hungary like Eötvös Loránd University of Science (ELTE) and the Budapest University of Technology and Economics (BUTE) aiming to develop the world first "true" 3D-visualisation device. At the end of 1996 Holografika was established as a private company. The company took part in various opto-electronical development projects e.g. development of special head-mounted display and optical data storage and sold also its development capacity, in the field, for external contractors. Between 1996 and 1999 the Company run a joint development project with Sony. Within the framework of this cooperation Holografika developed the first laser-based 3D display prototype by 1997 and a number of technologies and 3D related patents.
From this time on, thanks to the team’s enthusiasm, it took only three years to build the first true-colour holographic display prototype.