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Business News
Finalists Announced for VISION Startup World
STUTTGART, Germany, Aug. 12, 2022 — Organizers of VISION released the list of startups that will compete in the show’s now-annual Startup World event. Startups focused on image processing and computer vision will present their innovations. Technologies range from the latest camera technologies, to software from artificial intelligence, and deep learning to image processing systems. The Startup Pitch Session 2022 is part of the Industrial VISION Days. The competition will be held in the presentation forum in the Alfred
SPIE Matches U of A on Greivenkamp Scholarship: 08/12/22
BELLINGHAM, Wash., Aug. 12, 2022 — SPIE matched the existing $35,000 endowment for the John E. Greivenkamp Endowed Scholarship in Optical Sciences at the University of Arizona’s Wyant College of Optical Sciences, bringing the fund to $70,000. The endowment supports Wyant third-...
Arizona Commerce Authority Awards $1.6M for Wearables Research
PHOENIX, Aug. 11, 2022 — The Arizona Commerce Authority awarded $1.6 million to support eight applied research projects through the Partnership for Economic Innovation’s (PEI) WearTech Applied Research Center. The WearTech Center’s 2022 cohort of eight projects...
BD, Labcorp Collaborate on Flow Cytometry-Based Diagnostics
FRANKLIN LAKES, N.J., Aug. 10, 2022 — Medical technology company BD (Becton, Dickinson and Company) announced a collaboratation agreement with life sciences company Labcorp to develop flow cytometry-based companion diagnostics intended to match patients with life-changing treatments for...
Rockley Adds Independent Director: People in the News: 08/09/22
OXFORD, England, Aug. 10, 2022 — Rockley Photonics named Richard Kuntz to its board as an independent director. Kuntz is senior vice president and chief medical and scientific officer at Medtronic. He was the founder and chief scientific officer of the Harvard Clinical Research...
Rockley Signs Supply Agreement for Wrist-Worn Biomarker Tech
OXFORD, England, Aug. 10, 2022 — Rockley Photonics has signed a supply agreement and received the first commercial purchase order for its noninvasive biomarker sensing wristbands. The unnamed customer, identified by Rockley as a “global health care technology provider,”...
SpaceLink, US Army Launch Collaboration
MCLEAN, Va., Aug. 9, 2022 — SpaceLink, a space communication technology company, has entered into an agreement with the U.S. Army Space and Missile Defense Command Technical Center to develop space communications pathways to ensure resiliency and reduce sensor-to-shooter...
Edmund Eyes Expansion, Hires James Fisher to Newly Created Role
BARRINGTON, N.J., Aug. 8, 2022 — Edmund Optics has named industry veteran James Fisher senior vice president of corporate development. In the newly created role, Fisher will lead business development strategies, mergers and acquisitions, and other strategic investment partnerships...
NUBURU Merger to Take Company Public
CENTENNIAL, Colo., Aug. 8, 2022 — Blue laser technology company NUBURU entered an agreement with special purpose acquisition company (SPAC) Tailwind Acquisition to allow NUBURU to become a publicly traded company. Upon closing of the transaction, the combined company will be named...
NIST Awards Nearly $4M Toward Metals-Based Additive Manufacturing
GAITHERSBURG, Md., Aug. 8, 2022 — The National Institute of Standards and Technology (NIST) awarded $3.7 million in grants to address current and future challenges to the implementation of metals-based additive manufacturing through research in metrology. NIST awarded $3.7 million...
Lumentum Completes NeoPhotonics Acquisition: Week in Brief: 08/05/22
SAN JOSE, Calif., Aug. 5, 2022 — Lumentum Holdings completed its acquisition of NeoPhotonics Corp., less than a week after obtaining receipt of antitrust clearance in China. The companies struck the deal in November 2021. WENDELSTEIN, Germany — Deutsche Private Equity (DPE)...
QLM Gains $14.5M in Financing, Launches Collaboration with Schlumberger
CARDIFF, Wales, Aug. 5, 2022 — Lidar imaging company QLM Technology closed a £12 million ($14.5 million) series A financing round and signed a collaboration agreement with Schlumberger, an oilfield services company. QLM’s lidar camera is able to monitor, detect,...
SICK, Aeva Partner on Industrial Lidar
WALDKIRCH, Germany, Aug. 5, 2022 — Sensing perception system developer Aeva has partnered with SICK AG, a provider of industrial sensing solutions and cameras, in a multiyear collaboration to bring Aeva’s frequency-modulated continuous-wave (FMCW) 4D lidar to a variety of...
SPIE, Photonics Media Invite Applications for 2023 Prism Awards
PITTSFIELD, Mass. — The SPIE Prism Awards, which will celebrate their 15th anniversary in 2023 at SPIE Photonics West, are open for applications through Sept. 15. The awards, held annually by SPIE, the international society for optics and photonics, are a celebration...
Slingshot Aerospace Builds its Portfolio with Dual Acquisitions
AUSTIN, Texas, Aug. 4, 2022 — Space technology company Slingshot Aerospace has acquired Numerica’s Space Domain Awareness (SDA) division and U.K.-based Seradata. Numerica’s SDA division includes what it claims to be the world’s only commercial low Earth orbit...
Prisma Photonics Secures Investment for Gas Line Monitoring Tech
TEL AVIV, Israel, Aug. 3, 2022 — Fiber sensing company Prisma Photonics received an investment from Israel Natural Gas Lines. News of the investment follows a deal between the parties last year in which Prisma is to implement its PrismaFlow system for continuous monitoring on gas...
Vuzix to Collaborate with L3Harris on Waveguide-Based Headborne System
ROCHESTER, N.Y., Aug. 3, 2022 — Rochester, N.Y.-based AR and smart glasses provider Vuzix inked an agreement with L3Harris Technologies to develop a custom waveguide-based optics engine for use in headborne systems for military applications. The agreement is part of a phased...
Lightmatter Appoints Ritesh Jain VP of Engineering: People in the News: 08/03/22
BOSTON, Aug. 3, 2022 — Optical computing company Lightmatter has appointed Ritesh Jain as vice president of engineering. This follows the recent appointments of Jessie Zhang as vice president of finance and Steve Klinger as vice president of products. Jain joins...
Silicon Component Keys Environmental Satellite’s Optical System
JENA, Germany, Aug. 3, 2022 — Two Fraunhofer institutes have delivered the core optical innovation supporting a recently launched space-based environmental mapping and analysis initiative. The components and devices supplied by the Fraunhofer Institute for Microengineering and...
Innoviz to Provide Lidar for Volkswagen
TEL AVIV, Israel, Aug. 2, 2022 — CARIAD SE, a software company developing functions for vehicles built on the Volkswagen Group’s volume software platform, has tapped Innoviz Technologies to supply lidar technology for automated vehicles within the Volkswagen brands. CARIAD...
MKS Receives Approval on Atotech Acquisition: Week in Brief: 07/29/22
CHICAGO, July 29, 2022 — SCHOTT AG subsidiary SCHOTT MINIFAB will open a manufacturing facility in Phoenix to provide design and manufacturing services for diagnostic and life sciences companies. SCHOTT MINIFAB (formerly Applied Microarrays Inc., which SCHOTT acquired in...
Micro-Ring Resonator Enables Fast, Accurate Detection of Ebola Virus
ST. LOUIS, July 28, 2022 — A diagnostic technique for the Ebola virus uses a micro-ring resonator and a biomarker to quickly identify the presence of the virus in blood samples. Researchers at Washington University School of Medicine developed the technique, in collaboration...
Partnership Targets Analysis of Hyperspectral Data Obtained from Space
VANCOUVER, British Columbia, July 28, 2022 — Software company Metaspectral will work with HySpeed Computing, a remote sensing data access and analysis company, to deploy an Earth observation (EO) payload on the International Space Station. The payload is known as Onboard Programmable...
Strickland Named Inaugural Fellow at CAP: People in the News: 07/27/22
OTTAWA, Ontario, July 27, 2022 — Nobel laureate Donna Strickland was named as one of the first fellows of the Canadian Association of Physicists. Strickland is a professor in the Department of Physics and Astronomy at the University of Waterloo. She is a co-recipient of the 2018...
Partnership Streamlines EUV Dry Resist Tech Chemical Supply Chain
SAN FRANCISCO, July 26, 2022 — A partnership unveiled this month at SEMICON WEST 2022 aims to provide semiconductor manufacturers with reliable access to precursor chemicals for dry photoresist technology for EUV lithography. Lam Research Corp. will work with Entegris Inc. and...
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