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Business News
Emcore to Purchase Intel Segments
May 1, 2008 — Emcore Corp. of Santa Clara, Calif., a provider of compound semiconductor-based components and subsystems for the satellite and terrestrial solar power markets, has announced an agreement with Intel Corp. of Albuquerque, N.M., to acquire the enterprise and storage assets of Intel’s optical platform division and the Connects Cables business. The California-based company will issue 3.7 million shares — worth slightly less than $28 million — of restricted stock for the transaction, which is...
Exfo Acquires Navtel
May 1, 2008 — Exfo Electro-Optical Engineering Inc. of Quebec City has acquired all shares of Navtel Communications Inc. of Markham, Ontario, Canada, a provider of protocol test solutions for network equipment manufacturers and service providers. Consideration...
L-3 to Buy Segment of Northrop Grumman
May 1, 2008 — L-3 Communications of New York, a provider of imaging solutions and sensors, has agreed to acquire the Electro-Optical Systems business of Northrop Grumman Corp. of Los Angeles. The business will be purchased for $175 million in cash, and the...
Lambda Names Distributor
May 1, 2008 — Lambda Research Corp. of Littleton, Mass., has selected Alpha Precision Instrumentation Corp. of Taipei, Taiwan, as a distributor of its TracePro and OSLO optical design software products in Taiwan and China. The Taipei company will provide sales...
LG Chem, Universal Display to Collaborate
May 1, 2008 — LG Chem Ltd. of Seoul, South Korea, and Universal Display Corp. of Ewing, N.J., have signed a nonexclusive joint development agreement to combine the former company’s electron transport and hole injection materials with the latter’s phosphorescent...
LightMachinery Acquires Product Lines from GSI
May 1, 2008 — LightMachinery Inc. of Ottawa, a manufacturer of lasers and fluid jet polishing equipment, has agreed to purchase the Impact and LaserMark product lines from GSI Group of Billerica, Mass. The products are used for the fine-processing of nonmetallic...
Lumera Receives Government Contract
May 1, 2008 — Lumera Corp. of Bothell, Wash., a designer of telecommunications technologies, has been awarded Phase III of a contract with the Defense Advanced Research Projects Agency (DARPA). The yearlong award is worth $2.4 million and involves developing...
Microsharp Installs Coating Line in Europe
May 1, 2008 — Microsharp Corp. Ltd. of Watchfield, UK, a developer of technologies for the display and media industries, has installed a precision microstructure coating line at its Oxfordshire manufacturing unit. The unit enables the company to manufacture...
Novaled Opens Asian Subsidiary
May 1, 2008 — Novaled AG of Dresden, Germany, a provider of organic LED structures and solutions, has opened a branch office in Tokyo to accommodate a technology support service for existing customers. It also will assist in the development of the company’s...
Optimum Optical Systems Receives Army Contract
May 1, 2008 — Optimum Optical Systems Inc. of Camarillo, Calif., has received a contract from the US Army for the infrared mast-mounted sight dual-field-of-view lens assembly to be used on the OH-58D Kiowa Warrior helicopters. To date, the contract totals $1.85...
Osram Opto Opens Asia Headquarters
May 1, 2008 — Osram Opto Semiconductors, a subsidiary of Osram GmbH of Munich, Germany, has opened a regional headquarters in Hong Kong. The office will house staff to coordinate sales and marketing activities in Asia for the lighting and sensor technology...
Quintiq Opens Office in North America
May 1, 2008 — Quintiq of ’s-Hertogenbosch, the Netherlands, a provider of planning, scheduling and supply chain optimization solutions, has opened an office in Wayne, Pa., called Quintiq Inc. It will be the company’s North American headquarters and will serve the...
Reflex Photonics Moves Headquarters
May 1, 2008 — Reflex Photonics, originally of Montreal, a developer of optical connectivity solutions for semiconductor packaging and data transfer applications, has moved its headquarters to Mountain View, Calif. The relocation allows the company direct access...
Rohm and Haas Acquires Gracel Display
May 1, 2008 — Rohm and Haas Co. of Philadelphia, a developer of technologies for the specialty materials industry, has gained controlling interest in Gracel Display Inc. of Seoul, South Korea, a developer and manufacturer of organic LEDs, for approximately $40...
Sales of Optical Components Rise
May 1, 2008 — The sale of optical components during the last quarter of 2007 rose slightly and the industry fared better overall than it did in 2006, according to a report, “Market Share: 4Q07 and 2007 Global OC,” prepared by Ovum RHK of Boston. The analysis...
SensL Signs Contract
May 1, 2008 — SensL of Mountain View, Calif., has signed a contract with Thomas Jefferson National Accelerator Facility of Newport News, Va., to collaborate on the optimization of low-light silicon detectors. The company also will supply prototypes for possible...
Spire, Jiangxi Gemei Sign Contract
May 1, 2008 — Spire Corp. of Bedford, Mass., a provider of turnkey solar factories and capital equipment, has received a contract from Jiangxi Gemei Sci-Tech Ltd. of Fuzhou, China, to build a combined solar module and solar cell facility in China. The facility...
Srico Awarded Contract
May 1, 2008 — Srico Inc. of Columbus, Ohio, has been awarded a Phase I Small Business Innovation Research contract by the US Air Force Research Laboratory. Worth $100,000, the contract enables Srico to work with its strategic partner, Spectrum Detector Inc. of...
Sun Microsystems to Develop On-Chip Optical Networks
May 1, 2008 — The US Department of Defense has awarded Sun Microsystems Inc. of Santa Clara, Calif., $44.29 million to develop computer microchip interconnectivity through on-chip optical networks enabled by silicon photonics and by the company’s proximity...
Sunovia Creates Infrared Division
May 1, 2008 — Sunovia Energy Technologies Inc. of Sarasota, Fla., a renewable energy and energy conservation company, has established an infrared materials and systems integration division for cadmium telluride and mercury cadmium telluride infrared imaging and...
Supertex, Varioptic Collaborate
May 1, 2008 — Supertex Inc. of Sunnyvale, Calif., and Varioptic of Lyon, France, have agreed to collaborate on the production of a driver and a liquid lens to add autofocus capability in cellular phone and PDA cameras, bar-code readers and biometric scanners. The...
Thin Film Technology Awarded $9.8 Million
May 1, 2008 — Thin Film Technology Inc., a unit of Williams Advanced Materials Inc. of Buffalo, N.Y., has been awarded $9.8 million in contracts from DRS Technologies Inc. of Parsippany, N.J. The contract, good for a period of up to 16 months, will provide the...
Unidym, Nippon Kayaku to Collaborate
May 1, 2008 — Unidym Inc. of Menlo Park, Calif., a majority-owned subsidiary of Arrowhead Research Corp., will collaborate with Nippon Kayaku Co. of Tokyo. The companies will work to integrate the American company’s carbon nanotube-based printable transparent...
US Invests in Solar
May 1, 2008 — The US Department of Energy (DoE) has announced that it will invest up to $13.7 million over three years in 11 university-led solar photovoltaic technology projects. This investment is part of the Solar America Initiative that was begun in 2006, the...
Zeiss Opens Demo Facility
May 1, 2008 — Carl Zeiss AG of Oberkochen, Germany, has opened the Carl Zeiss Advanced Imaging Centre Singapore, which offers customers the opportunity to view and experience the full range of the company’s micro- and nanoimaging solutions. The 30 million SGD...
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