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BUSINESS NEWS
nLIGHT Awarded $34.5M Contract to Develop DE M-SHORAD System CAMAS, Wash., Dec. 1, 2023 — nLIGHT Inc. has been selected to provide a high-energy laser (HEL) in support of the U.S. Army’s Rapid Capabilities Critical Technologies Office (RCCTO) Directed Energy Maneuver-Short Range Air Defense (DE M-SHORAD) prototyping effort. The laser technology company secured a $34.5 million contract to develop a solution. nLIGHT will subcontract under KORD Technologies LLC to complete the laser system over a period of 18 months. DE M-SHORAD is a component of the U.S.
ASML to Appoint Christophe Fouquet President and CEO VELDHOVEN, Netherlands, Dec. 1, 2023 — The supervisory board of ASML intends to appoint Christophe Fouquet, currently ASML’s chief business officer and member of the board of management, as the company’s next president and CEO. The appointment is subject to notification of...
EVOSYS Subsidiaries Move Locations; Aeluma Wins Second Navy Award: Week in Brief: 12/1/23 GOLETA, Calif. — Aeluma Inc., a semiconductor company specializing in lidar, communication, and sensing, received funding from the U.S. Navy to develop high-speed photodetectors for defense and aerospace communication applications. This the second award Aeluma...
Altechna Acquires Alpine Research Optics VILNIUS, Lithuania, Nov. 29, 2023 — Altechna, a provider of laser optics and optomechanical assemblies, has acquired Alpine Research Optics (ARO), an OEM laser optics company based in Boulder, Colo., that specializes in ultraviolet laser optics and optical coatings. The acquisition,...
Evident Collaborates with CrestOptics and 89 North to Advance Live-Cell Imaging WALTHAM, Mass., Nov. 29, 2023 — Life science imaging systems producer Evident has collaborated with illumination and imaging technology company 89 North and advanced microscopy systems producer CrestOptics to promote confocal spinning-disk technology to advance live-cell imaging....
SENER to Lead Probe Construction for ESA’s Comet Interceptor Mission GETXO, Spain, Nov. 28, 2023 — Engineering and technology group SENER will lead the design and manufacture of the space probe and scientific instruments for the Comet Interceptor mission of the European Space Agency (ESA). SENER, in cooperation with the Japanese Space Agency...
Wrexham’s EEOC Approved; Infinera Awarded Grant for Semiconductor Production: Week in Brief: 11/24/23 SAN JOSE, Calif. — Infinera has been awarded a $14 million California Competes grant by the California Governor’s Office of Business and Economic Development. The five-year grant will help to expand and modernize the company’s U.S.-based domestic...
Poznan Supercomputing and Networking Center Set to Install First Quantum Computers LONDON, Nov. 23, 2023 — British quantum computer developer ORCA Computing will provide the Poznan Supercomputing and Networking Center (PSNC) with two PT-1 quantum photonics systems to accelerate its research and application work in quantum computing across a range of...
Immervision Transitions CEO; Lumileds Names CFO: People in the News: 11/22/23 MONTREAL — Vision and imaging company Immervision has appointed Michel Van Maercke as CEO, replacing Pascale Nini, who will transition to executive chairwoman. Van Maercke held the same position at Silex in 2018 and was executive director at Trimble Transport...
Quandela Secures $54M to Support Expansion PARIS, Nov. 21, 2023 — Photonic quantum computing company Quandela has secured more than €50 million ($54.7 million) from investors, public funding, and banking partners to support the company’s international expansion and industrial development. The capital...
Energetiq Forms Laser-Driven Light Source Business Unit WILMINGTON, Mass., Nov. 20, 2023 — Photonics manufacturer Energetiq has formed a laser-driven light source (LDLS) business unit. Energetiq’s LDLS technology creates extremely small, high-brightness plasma that delivers efficient light collection and a broad spectral range, from...
SCHNEIDER Partners with Micro-LAM; Laser Light Companies Receive $100M in Debt Financing: Week in Brief: 11/17/23 HAMILTON, Bermuda, Nov. 17, 2023 — US Capital Global has entered into a term sheet to provide credit facilities totaling a minimum of $100 million to Laser Light Companies, a global networking platform designer and builder. The financing will help Laser Light accelerate the beginning...
Syntec Optics Inks Contracts Upon Public Listing Debut ROCHESTER, N.Y., Nov. 17, 2023 — Syntec Optics has received two major contracts — announced less than one week apart — for objectives for night-vision scopes and for ultraprecision biomedical optics. The awards follow Syntec’s merger with special-purpose...
Leibniz Institute to Open Centre for Photonics in Infection Research JENA, Germany, Nov. 16, 2023 — Germany’s Federal Ministry of Education and Research is funding the establishment of the Leibniz Centre for Photonics in Infection Research (LPI) at the Jena University Hospital. The center aims to advance the development of light-based...
On-Chip Lidar Developer SiLC Garners Additional $25M in Funding MONROVIA, Calif., Nov. 16, 2023 — SiLC Technologies Inc. has secured $25 million in funding to expand production to support designs for its Eyeonic vision solutions. The additional funding also supports continued product development, to enable the company to pursue further...
Computing Firm Photonic Collaborates with Microsoft, Adds Financing VANCOUVER, British Columbia, Nov. 15, 2023 — Quantum computing firm Photonic Inc. formed a collaboration with Microsoft to develop quantum networking capabilities using photonically linked silicon spin qubits. Photonic detailed the collaboration and unveiled its quantum architecture amid news...
Photonics Executives Outline Plans for Bolstered EU PICs Supply Chain EINDHOVEN, Netherlands, Nov. 15, 2023 — Leaders from eight of Europe’s largest integrated photonics companies have presented plans to the European Commission to build a resilient European supply chain for photonic integrated circuits (PICs). The plan, presented to Thomas Skordas,...
Leonardo to Supply Sights for U.S. Army; Imec, SMART Photonics Sign MOU: Week in Brief: 11/10/23 EINDHOVEN, Netherlands, Nov. 10, 2023 — SMART Photonics and imec have agreed to sign a memorandum of understanding to underpin their intention to work together in the field of hybrid integration of InP on SiN/SiPh. The collaboration will include the hybrid integration of InP on SiN/SiPh...
Oxford Metrics Acquires Industrial Vision Systems Ltd. OXFORDSHIRE, England, Nov. 10, 2023 — Oxford Metrics has entered into an agreement to acquire machine vision software and systems developer Industrial Vision Systems Ltd. (IVS) in a deal worth £8.1 million ($9.9 million). IVS provides noncontact vision systems — including...
AFRL Unveils Laser Lab at Kirtland AFB ALBUQUERQUE, N.M., Nov. 9, 2023 — The U.S. Air Force Research Laboratory (AFRL) debuted its semiconductor laser indoor propagation range (SLIPR) at Kirkland Air Force Base in New Mexico. The range, which consists of a 3500-sq-ft high-bay propagation lab, will enable future laser...
SÜSS MicroTec Deals SUSS MicroOptics to Focuslight Technologies GARCHING, Germany, Nov. 8, 2023 — SÜSS MicroTec SE has agreed to sell its Switzerland-based subsidiary SUSS MicroOptics SA to Focuslight (HK) Investment Management Co. Ltd., a subsidiary of Focuslight Technologies Inc. The transaction, valued, at €75.5 million ($80.7...
Coherent Looks to Root Recovery in AI, Datacom, and Display Tech SANTA CLARA, Calif., Nov. 8, 2023 — Coherent posted its first-quarter financial results for fiscal year 2024, posting $1.05 billion in revenue, representing a decrease of 13% sequentially and 22% year-over-year. The results, Coherent said in a letter to shareholders, extended the...
TRUMPF Adds Managing Director; OIF Elects Board and Officers: People in the News: 11/8/23 DITZINGEN, Germany — TRUMPF (TRUMPF Photonics Components) named Thomas Harrer managing director, taking over for Berthold Schmidt, who held the position on an interim basis. Harrer started his career at TRUMPF in 1999 as an adviser and has held multiple roles within the...
nLight HELSI Contract Expanded to $171M CAMAS, Wash., Nov. 6, 2023 — Semiconductor fiber laser technology developer nLIGHT, via nLIGHT DEFENSE Systems, was awarded additional options that more than double the previously announced contract to produce a high-energy laser prototype as part of the second phase of the...
MKS Cites Market Downturn as Company Issues Third-Quarter Earnings ANDOVER, Mass., Nov. 3, 2023 — MKS Instruments posted third-quarter revenue of $932 million, with earnings per share registering at $0.58. Adjusted for nonrecurring costs, earnings per share hit $1.46. According to MKS president and CEO John T.C. Lee, said the company delivered...
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