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Business News
Brookhaven Scientist Honored For Work on Solar Nanostructures
UPTON, N.Y., May 6, 2014 — Work on self-assembling nanostructures for solar energy collection has earned Brookhaven National Laboratory physicist Charles T. Black an “Inventor of the Year” award. The awards are presented by Battelle, which, together with Stony Brook University, manages Brookhaven. Black is a group leader at Brookhaven's Center for Functional Nanomaterials, where his goal is to direct and harness the tendency of certain materials to self-organize into nanoscale patterns for
G&H Joins Philumina in HSI Expansion
ORLANDO, Fla. and GULFPORT, Miss., May 6, 2014 — Gooch & Housego and PhiLumina LLC have entered into a collaborative agreement expanding capabilities and offerings for hyperspectral imaging (HSI) applications. The agreement enables PhiLumina to integrate its HSI scanning products and software...
CyberOptics Reports Significant First Quarter Growth
MINNEAPOLIS, May 5, 2014 — CyberOptics Corp. reports significant improvement in its first quarter operating results with a 46 percent increase in revenue, from $6.7 million in the fourth quarter of 2013 to $9.8 million in the first part of this year. The March acquisition of...
Display Sales Buoy Coherent in Q2
SANTA CLARA, Calif., May 5, 2014 — Coherent Inc. reported a nearly 31 percent increase in earnings to $15.3 million from its first fiscal quarter to its second, citing demand for flat-panel displays. The company had net sales of $199.2 million in the second quarter, compared to...
Doody Leaves Teledyne; Two Promoted
THOUSAND OAKS, Calif., May 5, 2014 — Teledyne Technologies Inc. promotes two executives to key leadership positions effective May 16 following the resignation of Teledyne Dalsa CEO Brian Doody. Former NASA COO Rex Geveden, current executive vice president of Teledyne, will relocate to...
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...
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...
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