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Photonics.com - April 1999
News & Features
Palomar Sells Star Subsidiary to Coherent
LEXINGTON, Mass., April 30 -- Palomar Medical Technologies, Inc. has closed the sale of its Star Medical Technologies, Inc. subsidiary to Coherent, Inc. for $65 million in cash and a continuing 7.5...
Fiber Optic Biosensor Tests for Infection, Diseases
MISSISSAUGA, Ont., April 30 -- Scientists at the University of Toronto have developed a new biosensor to screen for life-threatening fungal and bacterial infections, as well as diseases such as...
Spectra Science, LAVATEC Demo LaserTrack System
PROVIDENCE, RI, April 30 -- Spectra Science Corp. (SSC) and LAVATEC Inc. have demonstrated a prototype version of their LaserTrack soiled line identification system to Tartan Textile Services of...
Corning Optimistic about 1999 Performance
CORNING, N.Y., April 30 -- Corning Incorporated is well positioned to take advantage of the opportunities in the growing global marketplace, according to Chairman and CEO Roger G. Ackerman. Speaking...
Summit Acquires Autonomous Technologies
WALTHAM, Mass., April 30 -- Summit Technology, Inc. has concluded its acquisition of Autonomous Technologies Corp. with the approval of shareholders of both companies. As a result of the acquisition,...
IR Reveals Evidence of Galactic Collisions
COLUMBUS, Ohio, April 29 -- Astronomers from Ohio State University used infrared telescopes to discover that collisions and near-collisions between spiral galaxies are more common than had been...
Uniphase Reports 105% Growth in Telecommunications
SAN JOSE, Calif., April 29 -- Uniphase Corp. reported record net sales of $74.5 million for its third quarter of fiscal 1999, an increase of 55% from the $47.9 million reported in the same period of...
Advanced Machine Vision Wins $5 Million in Orders
MEDFORD, Ore., April 29 -- Advanced Machine Vision Corp. announced that its SRC VISION, Inc. and Ventek, Inc. units have received orders totaling $5 million. A major international tobacco company...
SpecTran's First Quarter Results Set Record
STURBRIDGE, Mass., April 28 -- SpecTran Corporation reported that revenues for the first quarter of fiscal 1999 established a quarterly record of $20,380,000, an increase of 35 percent from revenues...
Super Vision Signs Agreement with Thorn Lighting HK
ORLANDO, Fla., April 28 -- Super Vision International, Inc. and Thorn Lighting (Hong Kong) Ltd., a branch of Thorn Lighting Asia, have signed an agreement granting Thorn Lighting exclusive rights to...
Data Translation Adopts Stock Purchase Rights Plan
MARLBORO, Mass., April 28 -- Data Translation, Inc.'s board of directors has declared a special dividend distribution of a preferred share purchase right for each outstanding share of common stock....
Kollmorgen to Buy New England Affiliated Technologies
WALTHAM, Mass., April 28 -- Kollmorgen Corp. announced that it has agreed to purchase New England Affiliated Technologies (NEAT), based in Lawrence, Mass. NEAT is a 25-year veteran in the design and...
RVSI, Banks Extend Credit Agreement
CANTON, Mass., April 27 -- Robotic Vision Systems, Inc. has renegotiated the terms of its credit agreement with a consortium of banks led by the Bank of New York. The new agreement sets the facility...
TRW Delivers Laser to University of Michigan
REDONDO BEACH, Calif., April 27 -- TRW Inc. has delivered a solid-state laser designed for industrial applications to the University of Michigan for machining tests. TRW's DP-11A is a 500-W,...
FLIR Systems Expects Lower First-Quarter Report
PORTLAND, Ore., April 27 -- FLIR Systems Inc. announced that it expects revenue for first quarter 1999 to be 12 to 16 percent lower than last year's consolidated first quarter revenue of $40.1...
AT&T, British Telecom Buy 30% of Japan Telecom
TOKYO, Japan, April 27 -- AT&T Corp. and British Telecommunications PLC (BT) have agreed to purchase a combined 30 percent stake in Japan Telecom Co., a share valued at $1.84 billion. The US and...
Galileo Corp. Reports Second Quarter Results
STURBRIDGE, Mass., April 26 -- Galileo Corporation reported net income of $180,000, or $.02 per share, on sales of $10.8 million for its second quarter of fiscal 1999. For the second quarter of the...
DaimlerChrysler to Increase Use of Metrologic's Scanners
BLACKWOOD, NJ, April 26 -- Metrologic Instruments Inc. announced that DaimlerChrysler has increased the number of Metrologic HoloTrak IS8500 omnidirectional bar code scanners used at its assembly...
IFR Systems to Consolidate Optics Manufacturing in US
WICHITA, Kans., April 26 -- IFR Systems Inc. will close its plant in Chandlers Ford, England and consolidate the manufacturing operations of its Optical Test & Measurement Division into its...
Italian, German Telecom Boards Back Deal
LONDON, UK, April 23 -- The boards of directors of Télécom Italia and Deutsche Telekom have approved the firms' planned merger, which must now face regulators in the Italian and German...
Three-Five Systems, Qualcomm to Design LCD Modules
TEMPE, Ariz., April 23 -- Three-Five Systems, Inc. has been chosen to work with Qualcomm, Inc. on a design for liquid crystal display (LCD) modules to be used in Qualcomm's fifth generation digital...
OCLI Files for Public Offering of 1,550,000 Shares
SANTA ROSA, Calif., April 23 -- Optical Coating Laboratory,Inc. has filed a registration statement with the Securities and Exchange Commission proposing a public offering of 1,550,000 shares of...
Sanders Delivers Fiber Optic Decoys for Flight Tests
NASHUA, NH, April 23 -- Sanders, an operating company of Lockheed Martin's Electronics Sector, has delivered to the US Armed Forces the first six operational fiber optic towed decoys developed under...
Newport Announces First Quarter Results
IRVINE, Calif., April 22 -- Newport Corp. reported net income for first quarter 1999 of $0.9 million, or 10 cents per diluted share, on net sales of $29.4 million. 1998 first quarter net income for...
Submarine Fiber Market to Hit $31.8 Billion by 2004
CAMBRIDGE, Mass., April 22 -- Total investment in the worldwide fiber optic submarine systems market will total $31.8 billion over the next five years, according to a report from market researcher...
Laserscope Reports Results for First Quarter 1999
SAN JOSE, Calif., April 22 -- Laserscope reported revenues of $11.9 million for the quarter ended March 31, 1999, compared with $13.6 million for the same quarter in 1998. After excluding revenues of...
Planar's CEO to Take Medical Leave of Absence
BEAVERTON, Ore., April 22 -- Display manufacturer Planar Systems Inc. announced that Jim Hurd, the company's president and CEO, intends to take a medical leave of absence. Effective May 13, Bill...
II-VI Inc. Announces Results for Fiscal Third Quarter
PITTSBURGH, Pa., April 22 -- II-VI Inc. reported net earnings of $1,498,000 on revenues of $15,538,000 for the third fiscal quarter ended March 31, 1999. These results compare with net earnings of...
SpatiaLight, ILIXCO Sign Joint Development Agreement
NOVATO, Calif., April 21 -- SpatiaLight, Inc., a developer of liquid crystal on silicon (LCOS) micro display devices, announced a joint development agreement with ILIXCO, Inc., a designer and...
Cognex Announces First Quarter Results
NATICK, Mass., April 21 -- Cognex Corp. has reported revenue of $27,485,000 for the first quarter ended April 4, 1999, compared to revenue of $40,056,000 for the first quarter of 1998. Net income for...
Hoya Corp. Invests Equity in LifeSpex
KIRKLAND, Wash., April 21 -- LifeSpex Inc. and Hoya Corp. report that Hoya Holdings Inc. has made a strategic equity investment in LifeSpex Corp. LifeSpex develops bio-photonics to provide...
Tyco Submarine Wins $630 Million Contract
MORRISTOWN, NJ, April 21 -- Tyco Submarine Systems Ltd. announced that it has been named the sole supplier for Worldwide Fiber Inc.'s transatlantic cable project called Hibernia. This supply contract...
German, Italian Telecoms Near Merger
LONDON, UK, April 20 -- Deutsche Telekom AG and Telecom Italia SpA have proposed a merger that would create a telecommunications giant worth more than $200 billion. If the proposed merger survives...
Lucent to Sell US West $300 Million in Equipment
DENVER, Colo., April 20 -- Lucent Technologies Inc. said it will sell $300 million in equipment to US West Inc. over the next two years. The Denver-based telephone company will use the equipment to...
Spectranetics Reports Rise in First Quarter Revenue
COLORADO SPRINGS, Colo., April 20 -- The Spectranetics Corp. reports that revenue rose to $7,077,000 in the first quarter of 1999, an increase of 8% over 1998. The rise in revenue was credited to a...
Astronomers Discover New Solar System
WASHINGTON, DC, April 19 -- Scientists have discovered the first solar system outside our own, with three massive planets orbiting a Sun-like star. Astronomers from California, Arizona, Massachusetts...
Kodak Announces 1Q Results, Stock Repurchase
ROCHESTER, NY, April 19 -- Eastman Kodak Company has reported 1999 first quarter sales of $3.1 billion, an increase of 6% over last year. Net earnings were $191 million or $.59 per share; this...
Er:YAG Laser Reported Superior in Wrinkle Removal
BOSTON, MA, April 19 -- The erbium:YAG (Er:YAG) laser can be as effective in removing wrinkles as the standard CO2 laser, and with fewer side effects, according to a study by the Wellman Laboratories...
Lambda Physik Wins Laser System Orders
FT. LAUDERDALE, Fla., April 19 -- Lambda Physik has won multiple orders for its high performance excimer laser systems from Silicon Valley Group (SVG), the manufacturer of automated semiconductor...
US Army Shows Off Night Vision Gear
FORT A.P. HILL, Va., April 19 -- US Army officials have demonstrated their latest night-vision battle technology for representatives from four NATO countries. The cooperative demonstration included...
VISX Reports Record Revenues, Announces Stock Split
SANTA CLARA, Calif., April 16 -- VISX Inc. has reported 1999 first quarter revenues of $53,949,000 compared to $24,310,000 for first quarter 1998. Net income for the first quarter of 1999 was...
TMI Wins FDA Approval for Thermal Breast Imaging System
OGDEN, Utah, April 16 -- Computerized Thermal Imaging, Inc. reports that its subsidiary, Thermal Medical Imaging, Inc. (TMI) has received approval from the US Food and Drug Administration (FDA) to...
Lucent Plans North Carolina Optical Networking Facility
MURRAY HILL, NJ, April 16 -- Lucent Technologies plans to open a new optical networking research and development facility at North Carolina State University's Centennial Campus. The facility will...
Palomar Gets FDA Clearance for Laser Hair Reduction
LEXINGTON, Mass., April 16 -- Palomar Medical Technologies, Inc. announced that it has received clearance from the US Food and Drug Administration to market its LightSheer diode laser system as...
Orbotech Ltd. Announces Departure of Executive VP
YAVNE, Israel, April 16 -- Orbotech Ltd. reports that its Executive Vice President, Dan Falk, will be stepping down after 14 years of service with the Company and with Orbot Systems Ltd. Orbotech is...
Bio-Imaging, Bayer Join in Osteoarthritis Study
WEST TRENTON, NJ, April 15 -- Bio-Imaging Technologies, Inc. has entered into an agreement with Bayer to provide medical image core laboratory and digital image management services in support of a...
Fiber, Photonics Drive Corning Earnings Growth
CORNING, N.Y., April 15 -- Corning Incorporated credits demand for optical fiber and photonics products with helping to lift 1999 first quarter earnings to $0.36 per share, an increase of 33 percent...
JDS Fitel Issues 3rd Quarter Fiscal Reports
NEPEAN, Ontario, Canada, April 15 -- JDS Fitel Inc. announced that revenues for the quarter were $122.6 million, up 109.6% from 1998's $58.5 million. Net income was $26.7 million, a 118.9% increase...
Sony Unveils New Magneto Optical Technology
ATLANTA, GA, April 14 -- Sony reports that it has developed a new type of high density 5.25-inch magneto optical (MO) drive and disk technology, which is expected to nearly double the capacity of the...
Flat Panel Monitor Market to Double by 2000
SAN JOSE, Calif., April 13 -- Flat panel display monitors using TFT-LCD technology will become an increasingly common sight on the desktop, according to a report from Stanford Resources, Inc. The...
Scan-Optics to Acquire Photomatrix Division
MANCHESTER, Conn., April 14 -- Scan-Optics, Inc. has signed a memorandum of agreement to acquire the Photomatrix Scanner and Maintenance Division of Photomatrix Corp. of Carlsbad, Calif. The...
CCD, CMOS Rivalry Heats Up, Report Claims
MOUNTAIN VIEW, Calif., April 13 -- Advancements in CMOS (complementary metal-oxide semiconductor) technology have altered the image sensor market, according to a report from market researcher Frost &...
Photran Halts Operations, Terminates Employees
MINNEAPOLIS, Minn., April 14 -- Photran Corp., a manufacturer of high performance optical and electrically-conductive thin-film-coated products for the flat-panel display industry, is closing its...
Lucent, Ascend Merger Cleared by US, Europe
MURRAY HILL, NJ, April 13 -- Lucent Technologies and Ascend Communications report that they have received antitrust clearance for their proposed merger from both the US Department of Justice and the...
Astronomers Find First Evidence of Hypernovae
EVANSTON, Ill., April 13 -- Astronomers at Northwestern University and the University of Illinois have detected the first observational evidence of the remnants of hypernovae. These explosions are a...
US, Dutch Fiber-Optic Joint Venture Finalized
AMSTERDAM, The Netherlands, April 13 -- KPNQwest announced the finalization of a joint venture between KPN, the Dutch telecommunications company, and Qwest Communications International Inc. of...
High-Resolution Imaging Satellite Set for Launch
DENVER, Colo., April 13 -- Space Imaging says that the launch of the IKONOS 1 satellite, the world's first commercial one-meter resolution Earth imaging satellite, has been scheduled for April 27,...
SpecTran Names New Chief Financial Officer
STURBRIDGE, Mass., April 13 -- SpecTran Corp. reports that George J. Roberts has joined the company as senior vice president and chief financial officer. Roberts served most recently as senior vice...
Laser Firm Lauds TMR Medicare Reimbursement
SUNNYVALE, Calif., April 12 -- Eclipse Surgical Technologies Inc. praised the US Health Care Finance Administration's (HCFA) recent decision to provide Medicare coverage for Transmyocardial...
France Telecom Names M&A Head
PARIS, France, April 12 -- France Telecom has named Eric Bouvier to head its new Mergers and Acquisitions department. According to the company, the new unit will support acquisitions and divestments...
Bio-Imaging Technologies Reports Profit for Quarter
WEST TRENTON, NJ, April 12 -- Bio-Imaging Technologies Inc. announced results for the second quarter of fiscal year 1999, which ended on March 31, 1999. Net income for the quarter was approximately...
OCLI Names Cumbo VP and Chief Technical Officer
SANTA ROSA, Calif., April 12 -- Optical Coating Laboratory, Inc.'s board of directors has elected Michael J. Cumbo vice president and chief technical officer. He will replace James W. Seeser, who...
Vista Medical Gets $1 Million Camera Order
CARLSBAD, Calif., April 12 -- Vista Medical Technologies Inc. reports that an OEM customer has placed a second order for $1.0 million in endoscopic cameras to be delivered in 1999 for distribution...
Fujitsu, Hitachi Join Forces on Large-Screen PDPs
TOKYO, Japan, April 9 -- Fujitsu Limited and Hitachi, Ltd. have agreed to establish a joint venture, Fujitsu Hitachi Plasma Display Ltd., which will develop, manufacture and market large-screen...
FiberCore Gets Favorable Ruling Against Corning
CHARLTON, Mass., April 9 -- FiberCore, Inc., a manufacturer of optical fiber and preforms for the telecommunication and data communication markets, reports that an independent arbitrator has ruled in...
Imaging Technologies Opens New Headquarters
SAN DIEGO, Calif., April 9 -- Imaging Technologies Corp. has opened a new corporate headquarters in the Rancho Bernardo region of San Diego. The new facility will consolidate all of ITEC's US...
Lucent and Siros to Develop High Capacity Optical Disks
MURRAY HILL, N.J., April 9 -- Lucent Technologies and Siros Technologies Inc. have formed a multi-million-dollar alliance to develop new types of optical disk systems able to provide a ten-fold...
Data Translation Appoints New Chief Financial Officer
MARLBORO, Mass., April 9 -- Data Translation has named Michael DiPoto Chief Financial Officer. DiPoto's responsibilities will include overseeing all facets of the company's finance, information...
CyberOptics Purchases Kestra Ltd.
MINNEAPOLIS, Minn., April 8 -- CyberOptics Corporation has acquired Kestra Ltd., a UK-based automated optical inspection (AOI) systems developer. Kestra's AOI concept differs from existing systems in...
GSI Lumonics Inc. Details Consolidation Measures
KANATA, Ontario, April 8 -- GSI Lumonics Inc. has detailed its plans to consolidate operations in the wake of the merger of General Scanning Inc. and Lumonics Inc. The measures include: closing one...
Klarmann Rulings Bought by Employees
MANCHESTER, N.H., April 8 -- Klarmann Rulings, Inc. has been bought by three of its long-time employees following the retirement of company president Carol Frost. Effective April 1, Ms. Frost sold...
Philips Semiconductor Picks Jenoptik Tracking System
JENA, Germany, April 7 -- Jenoptik Infab has received an order for its advanced IridNet tracking system from Philips Submicron Semiconductor Technologies (SMST). According to Jenoptik CEO Wolfgang...
Imaging Satellite to Monitor Earth's Health
HOUSTON, TX, April 7 -- On April 15 NASA will deploy Landsat 7, the first major satellite in a program to check the health of the Earth and understand the complex interactions that drive global...
EDO Combat Unit Wins $12.2 Million in Contracts
NEW YORK, N.Y., April 7 -- EDO Corp. has received $12.2 million in new combat systems contracts from U.S. and international customers. Primary work will be performed at EDO's Combat Systems business...
SpatiaLight, Inc. Reports 1998 Results
NOVATO, Calif., April 7 -- SpatiaLight, Inc., a developer of liquid crystal on silicon (LCOS) micro display devices, reported revenues for the year ended December 31, 1998 of $29,750 with a net loss...
TRW Delivers First Laser for Next-Generation Microchips
REDONDO BEACH, Calif., April 6 -- TRW Inc. says it has delivered the first next-generation laser for extreme ultraviolet (EUV) lithography. The company calls the laser an enabling technology for a...
Lasertechnics Marking Purchased by Amphion Capital
ALBUQUERQUE, N.M., April 6 -- Lasertechnics Marking Corp. has been acquired by Amphion Capital Management, a New York City investment capital firm. LMC was a wholly owned subsidiary of AXCESS Inc. of...
ESI Patent Declared Valid by Court
PORTLAND, Ore., April 6 -- A federal court jury has upheld the validity of Electro Scientific Industries, Inc.'s link blowing patent in the company's lawsuit against General Scanning, Inc. of...
Alcatel Completes Tender Offer for Xylan
PARIS, France, April 6 -- Alcatel reports that it has completed its tender offer to purchase all of the outstanding shares of Xylan Corp. for $37.00 per share. Based on a preliminary count,...
Kollmorgen Wins Contract for Turkish Navy Periscopes
WALTHAM, Mass., April 5 -- Kollmorgen Corp. has received a $22 million contract from the leading German shipyard Howaldtswerke-Deutsche Werft AG to produce advanced submarine periscopes for the...
Coherent, Inc. Announces Retirement of Robert Gelber
SANTA CLARA, Calif., April 5 -- Robert M. Gelber has stepped down as president of Coherent Auburn Group and executive vice president of Coherent, Inc. to spend more time on personal activities....
Space Imaging Forms Japanese Partnership
DENVER, Colo., April 5 -- Space Imaging announced today that it has signed an agreement with Japan's National Space Development Agency (NASDA) that allows NASDA to receive and process satellite...
Corning Picks Fishburn as New VP, CIO
CORNING, N.Y., April 5 -- Corning Incorporated announced that Richard J. Fishburn will become a vice president and chief information officer effective April 21. Fishburn, who held similar posts at...
Laser Corp. Announces Year-End Results
SALT LAKE CITY, Utah, April 5 -- Laser Corp. reported that revenues for the fiscal year ended Dec. 31, 1998 were $3,336,105 as compared to revenues of $5,126,308 for the same period in 1997, a...
Bell Atlantic Network Passes Five Million Miles
NEW YORK, N.Y., April 2 -- Bell Atlantic reports that its fiber optic network of underground and aerial conduits has passed the five-million-mile mark. The company says that, according to the most...
Corning, Furukawa Settle Patent & Trademark Case
CORNING, N.Y., April 2 -- Corning Inc. has settled its lawsuit against the Furukawa Electric Co. Ltd. of Japan and its related U.S. company, Furukawa Electric North America Inc., for infringing on a...
RMI Names Chief Operating Officer
LAFAYETTE, Colo., April 2 -- Rocky Mountain Instruments, the Colorado-based designer and manufacturer of UV to far-IR precision laser and imaging optics, coatings and assemblies, has promoted Debbie...
FLIR Systems Completes Acquisition of Inframetrics
PORTLAND, Ore., April 2 -- FLIR Systems Inc. has completed its acquisition of Inframetrics Inc. The transaction, which will be accounted for as a pooling of interests, involved the issuance of...
Antenna Sends Stream of New Mars Images
WASHINGTON, D.C., April 1 -- A portfolio of high-resolution images from Mars will soon begin arriving at Earth receiving stations following the deployment of the Mars Global Surveyor's high-power...
LaserSight Announces Results, Financing
WINTER PARK, Fla., April 1 -- LaserSight Inc. announced financial results for the fourth quarter and year ended December 31, 1998. The Company also announced the completion of a $9 million equity...
Court Grants Spectranetics Preliminary Injunction
COLORADO SPRINGS, Colo., April 1 -- A Federal District Court in Colorado has granted Spectranetics Corp.'s request for a preliminary injunction preventing White Star Holdings Ltd. from making any...
IRIS Reports Modest 1998 Loss
CHATSWORTH, Calif., April 1 -- International Remote Imaging Systems Inc. reported that net revenues for 1998 were $27.5 million, essentially the same amount as in 1997. Operating income improved to...
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