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Business News
Forecast Sees 45% Growth in Fiber Lens Market
APTOS, Calif., May 12, 2014 — The global market for fiber optic collimating lens assemblies is projected to grow at 45 percent per year through 2018, according to a study by ElectroniCast Consultants. The global consumption of fiber optic collimator lens assemblies reached $264.2 million in 2013 and is forecast to reach $298.4 million this year, an increase of 12.9 percent. The American and Asia-Pacific regions are forecast to remain close in relative consumption value market share. The Europe, Middle East and Africa
Oclaro Reports Net Loss in Third Quarter
SAN JOSE, Calif., May 9, 2014 — Optical communications firm Oclaro Inc. reported a net loss of $22.9 million in its third fiscal quarter but said it remains on course with its turnaround plan. Oclaro saw net gains in the first two quarters of fiscal 2014, which it attributed to...
Rofin-Sinar Profits Down in Second Quarter
PLYMOUTH, Mich., and HAMBURG, Germany, May 9, 2014 — Laser manufacturer Rofin-Sinar Technologies Inc. reported $4.5 million in profits in its second fiscal quarter, down 39.2 percent from $7.4 million a year ago. President and CEO Gunther Braun said the company at the end of the quarter saw increased...
InnoLas Names Director of Sales and Marketing
KRAILLING, Germany, May 8, 2014 — InnoLas Solutions GmbH has named Ernst Hartmannsgruber director of sales and marketing. Hartmannsgruber received a diploma in physics in 1995 from the Technische Universität Berlin, and worked in advanced semiconductor R&D for 10 years at...
Kopin Sees Another Difficult Quarter in Wearables Market
WESTBOROUGH, Mass., May 8, 2014 — Display optics firm Kopin Corp. suffered a fourth straight quarter of net losses, citing rising development costs in the emerging field of wearable technologies. Net loss for the first quarter of 2014 was $9.1 million, compared with a net loss of...
Allied Vision Technologies Names UK Sales Manager
STADTRODA, Germany, May 7, 2014 — Allied Vision Technologies, a manufacturer of digital cameras for the machine vision market, has named Alastair Slater as a sales consultant in the United Kingdom.
Kodak Cuts Losses in First Quarter
ROCHESTER, N.Y., March 7, 2014 — Eastman Kodak Co. suffered another quarterly net loss, but said the results were in line with predictions as it reprioritizes and develops new product lines. The company reported a net loss of $36 million in the first quarter of 2014, an improvement...
License Agreements 'Transformational' for Tessera
SAN JOSE, Calif., May 7, 2014 — Tessera Technologies Inc. notched a significant turnaround in profits at the end of the first quarter of 2014, after reaching licensing agreements with several other companies and divesting itself of subsidiaries. The miniaturization company...
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...
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.
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