Closing useful, but not necessary, facilities (in this case, closing the Tel Aviv operation and announcing that the North Carolina facility is for sale) fits the behavior I have seen for small and underfunded companies preparing a product introduction. As such, it suggests that the separation of Invensas from DOC is pretty complete. I can try to see deeper into the crystal ball and guess that this is most consistent with spinoff of DOC to private equity, and a time frame of less than a year.
I don't read too much into the language singling out the camer phone market in the press release--it's a big and visible market.
If it was me making the decision, I'd want a great deal of certainty that the new business was coming and would be substantial before eliminating facilities that had been critical to the historically profitable business (software and military cameras)