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Business News
Laserscope Receives Approval for Lung Cancer Treatment
Oct 1, 1997 — The US Food and Drug Administration granted premarket approval to Laserscope of San Jose, Calif., for use of its laser systems for photodynamic therapy, a cancer treatment that has shown promise in clinical trials. Photodynamic therapy involves injecting patients with a photosensitizing drug that is selectively absorbed by malignant tissue. A laser then destroys the fluorescing tissue without harm to surrounding healthy cells. QLT PhotoTherapeutics Inc. of Vancouver, British Columbia, Canada,...
Market Sleuthing Uncovers Clues to Customers
Oct 1, 1997 — CHICAGO -- Every year companies spend millions of dollars on focus groups and marketing surveys to get the big picture of their customer base. But they might do well to investigate the individual trees instead of cross-sectioning the whole forest,...
Silicon Valley Group Purchases Optics Manufacturer
Oct 1, 1997 — SAN JOSE, Calif. -- Silicon Valley Group Inc., a supplier of automatic wafer processing equipment to the semiconductor industry, agreed last month to acquire precision optics manufacturer Tinsley Laboratories Inc. in a stock pooling transaction...
Sony Leads Effort to Capture DVD Market
Oct 1, 1997 — Sony has once again decided to break ranks with competing electronics companies by leading an effort to develop standards for digital video discs. More than a decade ago, the company failed in its effort to establish its Betamax videocassette...
Uniphase Acquires Grating Producer
Oct 1, 1997 — SAN JOSE, Calif. -- Continuing its aggressive pursuit of the ever-burgeoning telecommunications market, Uniphase Corp. has acquired 49 percent of Indx, a small Australian producer of fiber Bragg gratings, with options to buy the remaining 51...
White House Taps University of Rochester's Duncan Moore for National Post
Oct 1, 1997 — ROCHESTER, N.Y. -- President Clinton has nominated the University of Rochester's Duncan T. Moore for the White House post of associate director for technology. Moore, who has helped chart the course for the optics and photonics industry in private...
A New York Icon Gets a Face-Lift
Sep 1, 1997 — After two months of darkness, the Times Square "zipper" is back displaying headlines of the day's news. In May, the lights went out on the 369-ft electronic billboard that had operated continuously since 1928. Technicians replaced the 12,400...
As Networks Become Faster, Telecom Test Equipment Market Booms
Sep 1, 1997 — The continued growth in subscriber networks and private carriers has led to an increased demand in test equipment in the telecommunications market. Protocol analyzers, instruments used for network management and trouble-shooting, are in especially...
Corning to Open Photonic Research Center
Sep 1, 1997 — In an effort to advance optical communications technology, Corning Incorporated plans to convert an existing company property in Somerset, N.J., to a photonic research and test center. The center will employ between 10 and 20 research scientists and...
DoE Seeks Court's Aid on NIF Injunction
Sep 1, 1997 — The latest legal challenge against the National Ignition Facility under construction in Livermore, Calif., has come from an unlikely source -- the US government itself. On behalf of the National Academy of Sciences, the US Department of Energy has...
FDA Nixes Heart-Surgery Device
Sep 1, 1997 — A US Food and Drug Administration panel has rejected by a vote of 9-2 the use of a device to treat end-stage heart disease. The procedure, known as transmyocardial revascularization, involves piercing holes in the heart wall with a laser. The...
French Telecom Industry Reorganizes
Sep 1, 1997 — PARIS -- The approaching privatization of France Télécom has prompted an ambitious reorganization of the country's telecommunications R&D efforts, temporarily putting the prestigious optoelectronics laboratory at Bagneux in limbo....
Infrared Industry to Shrink -- Again
Sep 1, 1997 — PORTLAND, Ore. -- In the latest move in the infrared device industry's consolidation, FLIR Systems Inc. and Agema Infrared Systems AB of Stockholm, Sweden, have signed a letter of intent to merge. According to the agreement, FLIR will issue about...
Lucent Official: Automate to Survive
Sep 1, 1997 — BREINIGSVILLE, Pa. -- About one-third of the companies in the $6.4 billion optoelectronics market are likely to be out of business within the next three years, despite an expected 15 to 20 percent annual growth rate in the marketplace, predicts John...
New Regulation Hits California Optics Makers
Sep 1, 1997 — DIAMOND BAR, Calif. -- Optics companies in Southern California will have to change dramatically the way they clean their manufacturing systems, according to a regulation recently passed here. In what it calls its biggest step against airborne...
New Training Program for Optical Technicians Launched
Sep 1, 1997 — Lawrence Livermore National Laboratory in California has selected Monroe Community College in Rochester, N.Y., as the first community college to train technicians in optical fabrication. The program, which began this month, will serve as a model for...
Can business learn from baboons? You bet
Aug 1, 1997 — STANFORD, Calif. -- It's a jungle out there. No one knows this better than Robert Sapolsky, a professor of neuroscience and biology at Stanford University. For years, Sapolsky has investigated the biological causes and ramifications of stress in...
Continued Profits Lead to Increased R & D Spending
Aug 1, 1997 — Sizable profits encouraged major US corporations to continue investing in the future, by sinking a larger percentage of their revenues into R&D last year. The leading 100 US companies increased allotments to R&D by 9%, building on a 15.3%...
Double-Digit Telecom Growth Predicted
Aug 1, 1997 — The overall telecommunications market (including equipment and services) grew 11% in 1996 and generated revenues of $298 billion. A market report put out by the Telecommunications Industry Association and MultiMedia Telecommunications Association...
European photonics manufacturers predict key laser applications
Aug 1, 1997 — MUNICH, Germany -- Measurement, medicine and machining will be the most important future applications of laser technology, according to a proposal that photonics manufacturers presented to the European Commission's fifth Framework Programme...
Industrial Laser Sales Increase
Aug 1, 1997 — Shipments of industrial laser equipment rose 15% over last year's levels to $123 million for the first quarter of 1997, according to a report issued by the Laser Systems Product Group. Industrial laser equipment and systems shipments within North...
Laser 97 reflects photonics growth
Aug 1, 1997 — MUNICH, Germany -- Photonics has become a more developed industry, and its prospects for additional growth are excellent, said visitors to the Laser 97 trade show and conferences. The June trade fair attracted 14,500 visitors from 67 countries, a...
Laser Probe
Aug 1, 1997 — A joint effort among the US Department of Defense, ITT of Roanoke, Va., and Litton of Tempe, Ariz., resulted in the production of these night-vision goggles for the US Marines.
Mediation wins favor for settling disputes
Aug 1, 1997 — ITHACA, N.Y. -- The alternative dispute resolution process, in which the laser industry was one of the pioneers, has won widespread industry acceptance, says a report from Cornell University's Institute on Conflict Resolution. The survey, jointly...
Northwest Orders Fiber Gyros
Aug 1, 1997 — Litton Industries' Aero Products division has received a $35 million contract to retrofit Northwest Airlines' inertial navigation systems installed on 33 Northwest B747 and 21 Northwest DC-10-40 aircraft. Litton will install its strapdown Ring Laser...
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May 2024
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