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M Squared Lasers Secures $6M in Capital

Photonics.com
May 2012
GLASGOW, Scotland, May 3, 2012 — M Squared Lasers has received £3.85 million (about $6.2 million) of growth capital from Business Growth Fund (BGF) to fund its research and development program and its commercial growth.

BFG will take a minority stake in the business and will join M Squared Lasers’ board.

Founded in 2005 by Dr. Graeme Malcolm and Dr. Gareth Maker, M Squared Lasers designs and manufactures lasers and photonic optical instruments for remote sensing, frontier science, biophotonics, defense, microscopy, spectroscopy and metrology applications.

Peter Bordui, the former chairman of Bookham Technology, has joined M Squared Lasers’ board as chairman.

“We are seeing considerable expansion in the potential applications for lasers, not least in the defense and medical industries where detection capability is critically important,” Malcolm said. “For us, this offers real growth potential. BGF’s investment will allow us to further develop our laser technology and fund our sales and marketing efforts.”

For more information, visit: www.m2lasers.com  



GLOSSARY
metrology
The science of measurement, particularly of lengths and angles.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
remote sensing
Technique that utilizes electromagnetic energy to detect and quantify information about an object that is not in contact with the sensing apparatus.
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