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Business News
E-Band Sales Drive Revenues for GigOptix
SAN JOSE, Calif., May 5, 2014 — GigOptix Inc. closed the first quarter of 2014 with a net loss of $1.9 million &mdash smaller than a year ago — but saw positive revenue growth that is expected to continue in the months ahead. The communications components maker posted revenues of $7.4 million, up 7 percent year-over-year and above guidance of $7.2 million. High-speed communications revenue was up 16 percent, with E-band sales more than tripling compared to the first quarter of 2013. Revenue in the next quarter
Fiber Lasers Drive Revenue Growth at IPG Photonics
OXFORD, Mass., May 5, 2014 — IPG Photonics Corp. saw a 15.4 percent increase in profits last quarter over the same period last year, powered by demand for high-power fiber lasers. The company reported earnings of $40.5 million compared to $35.1 million in the first quarter of...
IPG acquires Veeco MBE system
May 5, 2014 — of Oxford, Mass., is set to expand its diode laser production following the acquisition of Veeco Instruments’ GEN2000 production molecular beam epitaxy (MBE) system (pictured on the right). IPG plans to use the system for high-volume...
Iridex Sees Revenue Growth in First Quarter
MOUNTAIN VIEW, Calif., May 5, 2014 — Iridex Corp. boasted a 16 percent increase in revenues during the first quarter of 2014, though net income declined in part because of a one-time insurance gain in last year’s first quarter. Revenues were $10.3 million, compared to $8.9...
ON Semiconductor Reports First Quarter 2014 Results
PHOENIX, May 5, 2014 — ON Semiconductor Corp. is reporting an income of $58.6 million in the first quarter of 2014. This represents a 101 percent increase over the 2013 fourth quarter income figure of $29.2 million, and an increase of 152 percent over the first quarter...
Thorlabs Expands Global Operation to Canada
NEWTON, N.J., May 5, 2014 — Thorlabs has expanded its global operations with a new R&D and manufacturing site in Montreal. Thorlabs Canada ULC will focus on development and production of a range of passive fiber-based optical components necessary for next-generation...
Newport Sees Almost 11 Percent Sales Increase
IRVINE, Calif., May 2, 2014 — Newport Corp. closed the first quarter of 2014 with sales at $146.9 million, an increase of 10.8 percent over the same quarter last year. The advanced technology firm’s quarterly earnings were $7.9 million. All markets except security and...
Hologic Posts Earnings of $625M
BEDFORD, Mass., May 1, 2014 — Diagnostics firm Hologic Inc. saw its revenues increase 2 percent to $625 million in its second fiscal quarter, powered largely by its 3-D mammography technology. Breast health revenues grew 8.5 percent to $238.7 million while skeletal health...
Dramatic Growth Projected for IC Market
ALBANY, N.Y., April 30, 2014 — The Photonic Integrated Circuits (PIC) market should see significant growth over the next five years at an annual rate of 31.3 percent, according to a new report by Transparency Market Research. This market was valued at $160.1 million in 2012, and...
Molecular Spectroscopy Market Expected to Hit $5.9B by 2018
DALLAS, April 30, 2014 — The molecular spectroscopy market is expected to grow to $5.9 billion by 2018, according to the research firm MarketsandMarkets. The industry was valued at $4.3 billion in 2013, and is in a position to increase 6.7 percent annually over the next...
Ophthalmology Diagnostics Market to Reach $40 Billion by 2019
ALBANY, N.Y., April 30, 2014 — The ophthalmology diagnostics and surgical devices market is poised to reach $40.4 billion by 2019, up from just over $26 billion in 2012. Transparency Market Research made the prediction in a recent report that forecasts an annual global growth of...
Ballato Recognized for Work on Optical Materials
CHARLESTON, S.C., April 23, 2014 — John Ballato is one of three people to receive the 2014 Governor's Award for Excellence in Scientific Research. This recognizes his work in optical materials science.
Brian Leedy Named VP at Photonis Digital Imaging
FRISCO, Texas, April 22, 2014 — Brian Leedy has been named vice president and general manager of the digital imaging business unit of photosensor manufacturer Photonis.
Flir, ING to Create Aerial IR Inspection Methods
OTTAWA, Ontario, Canada April 18, 2014 — Flir Systems Canada is partnering with ING Robotic Aviation to develop robotic aircraft and new techniques for infrared inspections.
Optical Society Names New Executive Editor
WASHINGTON, April 18, 2014 — Dr. Alison Taylor has joined The Optical Society (OSA) as executive editor.
American Laser Society Names New President
WAUSAU, Wis., April 17, 2014 — The American Society for Laser Medicine and Surgery has named Dr. Juanita J. Anders its new president. Under her leadership over the next year, the organization says it plans to increase interaction and cooperation of scientists, innovators and...
Ghent University Offers Silicon Photonics Summer School
GHENT, Belgium, April 16, 2014 — Silicon photonics is an increasingly important area of research and technology, making ongoing education crucial for those in the industry. A Silicon Photonics Summer School will bring together next-generation scientists and industry leaders to...
2014 Prism Awards recognize photonics innovation
Apr 15, 2014 — Modernization and advancement were in the spotlight at the 2014 Prism Awards for Photonics Innovation ceremony, which recognized nine companies from five countries on Feb. 5 at the SPIE Photonics West conference in San Francisco. Sponsored by SPIE,...
Flir Systems Hires New Chief Marketing Officer
WILSONVILLE, Ore., April 14, 2014 — Flir Systems Inc. has named Travis Merrill its new senior vice president and chief marketing officer. In the newly created position, Merrill will lead the company’s global marketing and brand building efforts. Merrill comes to Flir from...
Ametek Set to Acquire Zygo Corp.
BERWYN, Pa. and MIDDLEFIELD, Conn., April 11, 2014 — Ametek Inc. is poised to acquire Zygo Corp. for roughly $280 million. The deal was unanimously approved by Zygo’s board of directors but must still be approved by regulators and Zygo's stockholders. MAK Capital One LLC, a financial investment...
NASA Names New Chief Technologist
WASHINGTON, April 10, 2014 — David W. Miller, a professor of aeronautics and astronautics at MIT, has been named NASA’s new chief technologist. In this role, he will serve as principal adviser and advocate on agency-wide technology programs and policies. Also currently...
Teledyne Technologies Acquires Photon Machines
THOUSAND OAKS, Calif., April 10, 2014 — Teledyne Technologies Inc. and its subsidiary, Teledyne Instruments Inc., have acquired Photon Machines Inc. (PMI). Specific terms of the transaction were not disclosed. The acquisition will bring PMI’s laser ablation systems to Teledyne,...
ON Semiconductor Acquires Truesense Imaging
PHOENIX, April 8, 2014 — ON Semiconductor will acquire Truesense Imaging Inc. for $92 million. Truesense Imaging will be incorporated into ON Semiconductor’s Application Products Group. The merger will expand ON’s existing technology portfolio and add more than...
Flir Systems Hires New CMO
WILSONVILLE, Ore., April 7, 2014 — Travis Merrill has joined FLIR Systems Inc. as senior vice president and chief marketing officer. Merrill will develop and lead the company’s global marketing and brand building initiatives. He most recently served as vice president of...
DFG to Fund 16 Priority Research Projects
BONN, Germany, April 4, 2014 — Photonics will be one of a variety of research topics will be in the spotlight over the next several years thanks to funding from the Deutsche Forschungsgemeinschaft (DFG, the German Research Foundation). DFG will establish 16 priority programs in...
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