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CyberOptics Acquires Photonics Assembly Equipment Rights

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MINNEAPOLIS, May 3 -- CyberOptics Corp. announced that it has acquired from Avanti Optics Corp., in consideration for a $1.5 million term loan, the right to manufacture and distribute manual and semi-automated equipment for the assembly of surface mountable optical components, based on a new surface mount optical technology that is currently under development by Avanti. Steven M. Quist, CyberOptics CEO, said "Current manufacturing processes employed by the photonics industry are extremely labor-intensive and inefficient, resulting in low production yields. In response, Avanti is developing a...Read full article

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    Published: May 2002
    CommunicationsindustrialNews & Features

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