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Business News
Invest in Photonics Shows VCs the Money
BORDEAUX, France, Dec. 26 — With a global market that experts predict could grow 8 to 10 percent annually to reach €480 billion by 2015, photonics is on the rise — and the recent Invest in Photonics convention revealed just where venture capitalists and industry leaders should focus their attention: zetabyte data communications, diagnostic health care, competitive manufacturing and sustainable clean energy.
Coherent Acquires Lumera Laser for $52M
SANTA CLARA, Calif., Dec. 21, 2012 — Coherent Inc. has acquired privately held Lumera Laser GmbH of Kaiserslautern, Germany, for approximately $52 million in cash, the company announced late Thursday afternoon. Lumera Laser makes ultrafast (picosecond) solid-state lasers for...
II-VI Buys LightWorks Optics for up to $35M
PITTSBURGH, Dec. 21, 2012 — In a move to address the growing commercial markets for precision optical assemblies, II-VI Inc. announced today that it has acquired privately held LightWorks Optics Inc. for an initial cash consideration of $31 million. The deal includes another...
OFC/NFOEC Keynote Speakers Announced
WASHINGTON, Dec. 21, 2012 — High-speed broadband deployment challenges, software-defined networks and cloud services are keynote topics to be discussed by three industry leaders at the 2013 Optical Fiber Communications Conference and Exhibition/National Fiber Optics Engineers...
Photonic Innovations Among Lockheed Contest Winners
BETHESDA, Md., Dec. 21, 2012 — Among the five winners of Lockheed Martin’s Innovate the Future challenge are two photonic innovations: an idea for enhancing solar cell efficiency, and a photonic sensor that detect tumors in the body.
Silicon Photonics Panel Returns to Photonics West
BELLINGHAM, Wash., Dec. 21, 2012 — Silicon photonics and photonic integrated circuit technology will be discussed by a panel of five industry leaders at SPIE Photonics West in San Francisco in February.
50-kW Laser Weapon Passes Tests
DÜSSELDORF, Germany, Dec. 20, 2012 — Rheinmetall has successfully tested its new 50-kW high-energy laser weapon technology demonstrator.
Heraeus Noblelight Group Acquires Fusion UV
SURREY, England, and HANAU, Germany, Dec. 19, 2012 — Spectris plc has signed an agreement to sell its Fusion UV business group to Heraeus Noblelight, a unit of Heraeus Holding GmbH, for $172 million.
POC Awarded $13.5M Navy Contract
TORRANCE, Calif., Dec. 18, 2012 — Physical Optics Corp. was awarded a $13.5 million production contract to develop digital data set systems for the US Navy’s T-45 aircraft.
Lyncean Sells Its First Compact Light Source
PALO ALTO, Calif., Dec. 17, 2012 — Lyncean Technologies Inc. has sold its first compact light source (CLS) to the newly formed Center for Advanced Laser Applications (CALA) in Munich for biomedical imaging research.
Oxford Instruments Acquires Asylum Research for Up to $80M
ABINGDON, England, and SANTA BARBARA, Calif., Dec. 17, 2012 — UK scientific instrumentation provider Oxford Instruments plc plans to expand its presence in the nanotechnology with the acquisition of California-based microscopy maker Asylum Research Corp. The deal, worth as much as $80 million, was announced...
W.M. Keck Foundation Grants $1M for Biomedical Research
PORTLAND, Ore., Dec. 14, 2012 — Oregon Health & Science University’s Knight Cancer Institute has secured a $1 million grant to develop microscopy technology to advance biomedical research.
Lumenpulse LED Dimming Protocol Receives Patent
MONTREAL and BOSTON, Dec. 13, 2012 — Lumenpulse Inc. has received a patent for its Lumenstart, a dimming protocol technology developed to accelerate the adoption of controllable LED lighting systems and enable smart energy savings.
Photonics West Boasts Largest Program Yet
SAN FRANCISCO, Dec. 13, 2012 — SPIE Photonics West will set records again this year, thanks to its largest-ever biomedical technical program and BiOS Expo, which are driving growth for the 2013 event, SPIE said.
Precision Photonics, ATFilms Brands Merge
BOULDER, Colo., Dec. 13, 2012 — Advanced Thin Films, a unit of Idex Optics & Photonics, has announced that the brands and capabilities for Precision Photonics and ATFilms have fused under one roof.
Konica Minolta Acquires Instrument Systems
TOKYO, Dec. 12, 2012 — Konica Minolta Optics Inc., the optical business unit of Japan-based Konica Minolta Group, has acquired Instrument Systems GmbH, a German lighting-measurement equipment manufacturer.
Newport PV Lab Offers Wafer Testing
IRVINE, Calif., Dec. 12, 2012 — Newport Corp.’s Technology & Applications Center’s photovoltaic lab now offers solar wafer testing and calibration on cells up to 156 x 156 mm.
SPIE Urges Leaders to Avoid Fiscal Cliff, Support Science
BELLINGHAM, Wash., Dec. 12, 2012 — What do we want? A bipartisan plan to avoid the fiscal cliff that also supports science and education. When do we want it? Now.
Chapman Joins DigitalOptics
SAN JOSE, Calif., Dec. 11, 2012 — James N. Chapman has been named senior vice president of sales and marketing at DigitalOptics Corp., a wholly owned subsidiary of Tessera Technologies Inc.
Idex Adds Board Member
LAKE FOREST, Ill., Dec. 11, 2012 — David Parry has been appointed to Idex Corp.’s board of directors, the applied solutions company announced Monday.
Materion Consolidating Manufacturing
MAYFIELD HEIGHTS, Ohio, Dec. 11, 2012 — Materion Corp. plans to close an optical coatings facility in California and cut its Advanced Materials business in New Mexico in an effort to reduce costs and better serve its global customers.
Shasta Crystals Relocates to San Francisco
SAN FRANCISCO, Dec. 7, 2012 — Shasta Crystals is relocating its operations from Anderson, Calif., to San Francisco, the company announced this week.
Odis Produces Laser for Chip-to-Chip Interconnects
STORRS, Conn., Dec. 6, 2012 — A new integrated laser device that serves as the basis for chip-to-chip interconnection could surpass the capabilities of CMOS technology, according to Odis Inc., a US affiliate of OPEL Technologies Inc.
Semrock Ships Millionth Filter
ROCHESTER, N.Y., Dec. 6, 2012 — Semrock Inc., a unit of Idex Corp., recently shipped its millionth hard-coated optical filter, the company announced Wednesday.
Clemson Partners with OFS on Optics Lab
CLEMSON, S.C., and NORCROSS, Ga., Dec. 5, 2012 — Clemson University’s Center for Optical Materials Science and Engineering Technologies (COMSET) has teamed with OFS Laboratories, a Furukawa Electric company, to create a fiber optics laboratory for research and teaching.
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