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BUSINESS NEWS
Round-III Finalists of the Luminate NY Accelerator Announced ROCHESTER, N.Y., Nov. 8, 2019 — Empire State Development has announced its list of 10 finalists for the Lightning Round of Luminate NY, the world’s largest business accelerator for optics, photonics, and imaging (OPI) startups. The event, hosted the evening of Nov. 7 by the National Museum of Play in Rochester, awarded $100,000 to the 10 finalists, with companies operating across the tech spectrum, from quantum security to underwater optical communications. The finalists are listed below. AkknaTek Edgar
ZEISS, Kyoto University Sign Research Agreement JENA, Germany, and KYOTO, Japan, Nov. 7, 2019 — German optoelectronics manufacturer Carl Zeiss AG (ZEISS) and Kyoto University in Japan have signed a new strategic research agreement and announced the opening of the ZEISS iCeMS Innovation Core, a collaborative laboratory at Kyoto...
IPG Announces Layoffs Following Q3 Earnings Report OXFORD, Mass., Nov. 1, 2019 — IPG Photonics Corp., a maker of industrial lasers, announced this week that 300 positions will be eliminated from its global workforce. The news follows the release of the company’s third-quarter earnings report. IPG posted $329 million in...
Dynamic Speckle Patterns Detect Fires in Harsh Environments KONGENS LYNGBY, Denmark, Nov. 1, 2019 — A multi-institutional group of researchers from Denmark and Norway has developed a laser-based system that can detect fires in challenging environments. The new system does not measure the amount of light or its wavelength, but rather how the...
ECSEL Project APPLAUSE Focuses on Low-Cost Manufacturing Packaging LEUVEN, Belgium, Oct. 31, 2019 — A consortium of 31 European electronics packaging, optics, and photonics key players; equipment suppliers; and testing experts have launched a three-year project called “Advanced packaging for photonics, optics, and electronics for low-cost...
Raytheon Delivers High-Energy Laser to US Air Force MCKINNEY, Texas, Oct. 28, 2019 — Raytheon Co., a technology and innovation leader specializing in defense, civil government, and cybersecurity solutions, delivered the first high-energy laser counter-unmanned aerial system (UAS) to the U.S. Air Force earlier this month. The Air...
UAVenture Capital Fund Invests in High-Power Laser Technologies TUCSON, Ariz. Oct. 28, 2019 — UAVenture Capital Fund II LLC (UAVC), the University of Arizona's (UA's) in-house venture capital fund, announced it has invested in three new laser companies out of the university: DeUVe Photonics Inc., CThru Lasers Inc., and Wavelength Unlimited...
BluGlass Launches Laser Diode Business Unit SYDNEY, Oct. 28, 2019 — Australian semiconductor developer BluGlass Ltd. has announced a direct-to-market business unit that will enable higher brightness and higher efficiency GaN laser diodes. Similar to LEDs, laser diodes are used in several commercial applications such...
Neonode Announces Appointment of New CEO STOCKHOLM, Oct. 23, 2019 — The optical interactive sensing technology company Neonode announced Oct. 23 that its board of directors has appointed Urban Forssell as the company's new CEO, effective no later than Jan. 1, 2020. Forssell comes with a doctorate in automatic...
FANUC America Opens New Facility ROCHESTER HILLS, Mich., Oct. 22, 2019 — Robotics supplier FANUC America has opened a 461,000-sq-ft robotics and automation facility in Auburn Hills, Mich. The facility was constructed and fully operational within a year of the groundbreaking. It contains several departments including...
2019 Nobel Prize in Physics Awarded STOCKHOLM, Oct. 16, 2019 — The 2019 Nobel Prize in physics recognizes three individuals for their contributions to understanding Earth’s place within the known universe. Half the prize goes to astrophysicist James Peebles for his “theoretical discoveries in...
Vertex Optics Celebrates Grand Opening of 8500-sq-ft Facility VICTOR, N.Y., Oct. 14, 2019 — Vertex Optics is celebrating the grand opening of its 8500-sq-ft manufacturing facility in Victor, N.Y. The facility is equipped with ultrasonic CNC, a five-axis optical machine capable of producing high-precision components made from brittle...
AI-Powered Robot Could Improve Productivity, Reduce Defects in Optics Manufacturing SINGAPORE, Oct. 11, 2019 — A robotics technology startup from Nanyang Technological University, Singapore (NTU Singapore), has introduced a new robot that can pick up delicate optical lenses and mirrors with care and precision, just like a human hand. Named Archimedes, the...
VR/AR Global Summit to Bring Cutting Edge Tech to Canada VANCOUVER, British Columbia, Oct. 10, 2019 — The VR/AR Association (VRARA) has announced its program of over 120 global speakers that will be featured at its flagship summit, to be held for the fourth time in Vancouver, the second-largest VR/AR ecosystem in the world. Presenters, including...
Agilent Technologies Opens Spectroscopy Facility in UK SANTA CLARA, Calif., Oct. 9, 2019 — Agilent Technologies has opened a state-of-the-art facility for spectroscopy research and development at the Harwell Science and Innovation Campus in Oxfordshire, England. The new site will serve as a research and development hub for laser...
Alluxa Appoints Nolen Director of Engineering SANTA ROSA, Calif., Oct. 4, 2019 — Alluxa Inc. has promoted Kevin Nolen to director of engineering. Nolen has served in a variety of engineering and operations roles at the company for more than 12 years.
AngioDynamics Acquires Eximo Medical LATHAM, N.Y., Oct. 4, 2019 — AngioDynamics has acquired Eximo Medical and its proprietary 355-nm wavelength laser technology platform. The transaction came in a $46 million upfront consideration with up to $20 million of contingent consideration related to certain technical and...
Elbit Systems Awarded $23M Night Vision Order HAIFA, Israel, Oct. 3, 2019 — Elbit Systems’s U.S. subsidiary, Elbit Systems of America, was awarded an order valued at approximately $23 million for the supply of night vision systems and various spare components to the U.S. Marine Corps. The order will be carried out in...
HUBER+SUHNER to Acquire BKtel Group HERISAU, Switzerland, Oct. 3, 2019 — HUBER+SUHNER have signed a purchase agreement to acquire German fiber optic specialist BKtel for approximately $50 million. The deal is subject to the approval of the German Bundeskartellamt (Federal Cartel Office) and is expected to close in...
Monroe Community College Awarded $4.4M by Naval Research Office ROCHESTER, N.Y., Oct. 3, 2019 — Monroe Community College (MCC) has been awarded a $4.4 million grant by the Office of Naval Research for its Defense Engineering Education Program in Optics (DEEP OPS). The program will increase the national optics workforce through innovative...
Alertgy, Okmetic Oy Win at Tech Showcase for Sensor Innovations GRENOBLE, France, Oct. 2, 2019 — SEMI has announced Alertgy and Okmetic Oy as winners of the SEMI MEMS & Imaging Sensors Summit Technology Showcase. The Alertgy noninvasive glucose monitor was crowned the best imaging technology, and the Okmetic Oy silicon substrate...
TOPTICA Photonics Names New Senior Director of Biophotonics and New Materials GRAELFING, Germany, Oct. 2, 2019 — TOPTICA Photonics has appointed Holger Quast as senior director of biophotonics and materials. Quast will take over the strategic and operational management of TOPTICA’s biophotonics and microscopy and test and measurement divisions.
Canon Medical Acquires Toshiba’s Imaging Systems Division TUSTIN, Calif., Oct 1, 2019 — Canon Medical Systems USA has acquired Toshiba's Imaging Systems Division, which will be integrated into the company as the Video Sensing Division, effective Oct. 1. Globally, the professional video camera business has been integral to the...
PINOVA Capital Acquires Sill Optics WENDELSTEIN, Germany, Oct. 1, 2019 — Munich-based private equity firm PINOVA Capital has acquired all shares in Sill Optics along with Christoph Sieber, managing director. Sieber holds a minority stake in the company with all other shares held by PINOVA Capital.
Paladino to Join Photronics’ Board of Directors BROOKFIELD, Conn., Sept. 27, 2019 — Mary Paladino will join Photronics Inc.’s board of directors as an independent director, effective Oct. 1. Paladino is a certified public accountant with over 30 years of accounting and auditing experience.
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