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Business News
Elbit Subsidiary to Upgrade Air Force HUDs Under $29M Contract
TALLADEGA, Ala., Nov. 11, 2014 — Elbit Systems of America Co. has received a five-year, $29 million contract from the U.S. Air Force for logistics support of head-up display (HUD) electric module assemblies for F-16 fighter jets. The contract will be performed by subsidiary International Enterprises Industries LLC. “We have a dedicated team of innovative engineers committed to solving obsolescence issues,” said Elbit Systems of America CEO Raanan Horowitz. “By designing a modern electronic system that operates
NeoPhotonics Revenues Climbing
SAN JOSE, Calif., Nov. 11, 2014 — Optical communications firm NeoPhotonics Corp. said it is moving toward profitability with increasing revenues and plans to take on a new product line. Net loss was $1.9 million, a decrease from a net loss of $9.4 million in the third quarter of...
Advocate of Optical Telecommunications Resiliency Receives Optical Society Award
WASHINGTON, Nov. 11, 2014 — Efforts to make optical telecommunications systems more resilient during disasters have earned Isao Sugino the 2014 Advocate of Optics award from The Optical Society (OSA). Sugino, of the Telecommunications Bureau of Japan’s Ministry of...
LPKF Names Plastic Welding Products Division Head
FURTH, Germany, Nov. 10, 2014 — Lars Ederleh has been named head of the plastic welding equipment product division at LPKF Group. He succeeds Frank Brunnecker, who the company said left in mutual agreement. Alongside Markus Koenig, manager of the operations and technology...
Mikrop Names Sales Manager
WITTENBACH, Switzerland, Nov. 10, 2014 — Yves Gilliand has joined Mikrop AG as sales manager.
Canada to Foster Quantum Photonics Collaborations
OTTAWA, Ontario, Canada, Nov. 7, 2014 — Canada’s National Research Council has set out on a mission to foster development of next-generation photonic sensors and quantum encryption systems. The Quantum Photonic Sensing and Security program is aimed forming partnerships to translate...
Huber+Suhner Acquires Cube Optics
HERISAU, Switzerland, Nov. 7, 2014 — Telecommunications firm Huber+Suhner has acquired Cube Optics AG of Mainz, Germany. The price was not disclosed. Cube Optics develops, produces and sells wavelength-division multiplexing (WDM) products and systems for fiber communications....
LightPath Seeks to Regain Momentum After Slower First Quarter
ORLANDO, Fla., Nov. 7, 2014 — Optical components manufacturer LightPath Technologies Inc. reported a decline in revenues in the first quarter of its fiscal 2015, citing ups and downs in the Asian market, where it recently expanded. Revenues were $2.6 million, down 7 percent from...
GSI Revenues, Earnings Climb
BEDFORD, Mass., Nov. 6, 2014 — GSI Group Inc. reported across-the-board revenue increases and higher earnings in the third quarter.
Photonfocus Wins Swiss Excellence Award
LACHEN, Switzerland, Nov. 6, 2014 — Photonfocus has received the Swiss Excellence Product Award for its series of CMOS cameras. This line of cameras can shoot up to 500 fps and transmit over a small bandwidth in real time. Among other applications, the cameras were used last summer...
$1.2M Grant Advances Metal-Organic Frameworks for Solar Cells
LIVERMORE, Calif., Nov. 5, 2014 — A $1.2 million grant from the U.S. Department of Energy’s SunShot Initiative will help researchers at Sandia National Laboratories develop materials that could make solar power cost-competitive with other sources of energy. The work builds on...
BioLase Grows Revenue, Shrinks Losses in Third Quarter
IRVINE, Calif., Nov. 5, 2014 — BioLase Inc. reported a net loss of $3.5 million in the third quarter, an improvement over the previous quarter and the third quarter of 2013.
MAC Thin Films Open for Business
SANTA ROSA, Calif., Nov. 4, 2014 — JDSU spinoff MAC Thin Films Inc. has begun operations, offering coatings for displays and other applications. Mark Madigan, former marketing and product management executive at JDSU, is the new company's CEO.
Poprawe Receives Schawlow Award
SAN DIEGO, Nov. 5, 2014 — Professor Dr. Reinhart Poprawe, director of the Fraunhofer Institute for Laser Technology, in Aachen, Germany, is the recipient of the Laser Institute of America’s 2014 Arthur L. Schawlow Award. The award ceremony took place at the 33rd...
Wearable Technologies Firm Kopin Ramps Up Production
WESTBOROUGH, Mass., Nov. 5, 2014 — Kopin Corp. reported a third-quarter net loss but said it is building momentum as its customers prepare to bring wearable technologies to the market in 2015. A developer of ultrasmall displays, optics and other components for consumer wearables and...
German Consortium Seeks Path to Commercial Flexible OLEDs
DRESDEN, Germany, Nov. 3, 2014 — A new industry consortium will explore how to integrate organic LEDs that are flat and flexible into automobiles, aircraft and households. Dubbed R2D2, the initiative is supported by a two-year, €5.9 million grant from Germany’s Federal...
$100M Photonics Institute Launched in Singapore
SINGAPORE, Nov. 3, 2014 — A new photonics research institute aims to be a focal point for development of the next generation of optoelectronics. Nanyang Technological University (NTU) and the Optoelectronics Research Center (ORC) at the University of Southampton in England...
Earnings Flat at Iridex
MOUNTAIN VIEW, Calif., Nov. 3, 2014 — Laser-based medical systems firm Iridex Corp. reported third-quarter earnings of $500,000 — the same amount it reported in the third quarter of 2013. Revenues were $10.1 million in the third quarter of 2014, up 6 percent from $9.5 million in...
ESI Eyes Changes Amid Sustained Losses
PORTLAND, Ore., Nov. 3, 2014 — Electro Scientific Industries Inc. touted a sequential rise in revenues even as it closed its fiscal 2015 second quarter with a net loss of $6.2 million. CEO Ed Grady said ESI is implementing changes “to better connect our core competencies to...
Orders Down, Profits Slip at ON Semiconductor
PHOENIX, Nov. 3, 2014 — With CEO Keith Jackson citing a slowdown in orders, third-quarter profits slipped 19.7 percent to 41.6 million at ON Semiconductor Corp. Total revenues were $833.5 million, up 16.5 percent from $715.4 million in the third quarter of 2013....
Laser Components to Distribute Lumics Products in North America
BERLIN, Oct. 31, 2014 — Lumics has named Laser Components its exclusive distributor in the U.S., Canada and Mexico. Lumics — manufacturer of diode lasers, fiber-coupled single- and multi-mode laser diode modules, and turnkey laser systems — has increased North...
Revenues Steady as JDSU Approaches Split
MILPITAS, Calif., Oct. 31, 2014 — Preparing to split into two companies, JDSU reported steady revenues and shrinking losses at the end of the first quarter of its fiscal 2015. The telecommunications and lasers firm posted a net loss of $9.7 million, an improvement over its loss of...
Trade Group Recognizes Olmec-UK Machine Vision Project
BARTON, England, Oct. 31, 2014 — A 8-camera inspection system developed by Olmec-UK has garnered the Processing and Packaging Machinery Association (PPMA) award for Most Innovative Machine Vision Project. The system, used for wound-care dressings in heat-sealed paper packaging...
Earnings Soar at Newport
IRVINE, Calif., Oct. 30, 2014 — Newport Corp. reported third-quarter profits of $9.5 million, a dramatic increase from $437,000 in the third quarter of 2013.
Leica Mapping Drones to Carry Headwall Hyperspectral Imagers
FITCHBURG, Mass., Oct. 29, 2014 — Headwall Photonics’ hyperspectral imaging sensors will be integrated into Leica Geosystems’ drone mapping systems under a new agreement between the two companies. Hyperspectral imaging allows collection of data on the material...
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