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(11,756 items)
Business News
Coherent Ealing Transfers Thermal Imager Testing Line
Apr 1, 1999 — Coherent Ealing Ltd. has transferred its thermal imager testing product lines to Cambridge, Mass.-based Optikos Corp. The transfer will expand Optikos' existing range of optical and electro-optical evaluation systems. In transferring the product line, Coherent-Ealing will concentrate on its catalog, thin films and assemblies business.
Corning Increases Optics Holdings
Apr 1, 1999 — With an eye toward capitalizing on the emerging market for specialty lenses, Corning Inc. has acquired Rochester Photonics Corp. in Rochester, N.Y. Terms of the deal were not disclosed. Rochester Photonics specializes in diffractive optics and...
High-Tech Firms Seek Growth Finance
Apr 1, 1999 — CEOs of photonics and other technology companies actively sought external financing in the third quarter of 1998. According to a report by PricewaterhouseCoopers LLP, photonics and technology companies sought means to finance growth more frequently...
James Pearson to Step down as SPIE Director
Apr 1, 1999 — James E. Pearson plans to step down as executive director of SPIE, effective April 30. Pearson, who has served in the post since 1993, will leave the organization to become executive director of The Instrument Society of America in Raleigh, N.C. In...
Lucent Forms Fiber Venture
Apr 1, 1999 — Lucent Technologies Inc., headquartered in Murray Hill, N.J., and SviazStroy-1 of Russia have teamed up to manufacture fiber optic cable to meet the burgeoning needs of network operators within Russia and other countries that were formerly part of...
OSA, SPIE Move Toward Unification
Apr 1, 1999 — The boards of the Optical Society of America (OSA) and SPIE have concluded that they are interested in continuing the unification process. As a result, both boards will vote at the end of May to decide whether to put the unification proposal to a...
Scientists Call for Interdisciplinary Research
Apr 1, 1999 — The full benefit of photonics to applications in chemistry, biology and material sciences is far from being realized because of barriers to interdisciplinary research. So says Richard Zare, past chairman of the National Science Board. Writing in...
SDL Buys Polaroid's Fiber Laser Business
Apr 1, 1999 — SDL Inc. has acquired Polaroid Corp.'s fiber laser business for $5 million. Over the past seven years, the two companies have jointly developed fiber laser technology and shared in the production of systems for thermal printing and data storage...
SLI Gets Investment, European Market
Apr 1, 1999 — Semiconductor Laser International Corp. has signed an agreement with a German venture capital group to provide it with an equity investment of $2 million to $2.75 million. Bmp Mobility AG Venture Capital, based in Berlin, has purchased 2 million...
Sony to Reduce Work Force by 10 Percent
Apr 1, 1999 — Consumer electronics giant Sony Corp. announced it will cut its work force by 10 percent, eliminating 17,000 jobs over the next four years. Besides the work force reduction, the Tokyo-based company will turn three subsidiaries into wholly owned...
Thermo Completes Acquisition of Spectra-Physics AB
Apr 1, 1999 — Thermo Instrument Systems Inc. of Waltham, Mass., has completed the acquisition of 98 percent of all outstanding shares of Spectra-Physics AB, based in Stockholm, Sweden, according to documents filed with the US Securities and Exchange Commission....
Worldwide Fiber Demand on the Rise
Apr 1, 1999 — Demand for optical fiber grew at a steady pace worldwide in 1998, driven by countries like South Africa, which is rapidly expanding its telecommunications infrastructure. That's the finding of the annual analysis of the fiber and photonics industry...
British Aerospace Flies off with GEC's Marconi
Mar 1, 1999 — This home to renowned air shows recently saw some stratospheric maneuvering of another sort when British Aerospace plc announced it would sign a deal to merge with the Marconi Electronics Systems business of GEC-Marconi plc, including its...
Digital Optics Corp. Enters 'Fast 500'
Mar 1, 1999 — Deloitte & Touche has named Digital Optics Corp. to its Fast 500 program, a ranking of the 500 fastest-growing technology companies in the US. Rankings are based on revenues over the five-year period from 1993 to 1997. During that period,...
Fiber Optic Backlighting Rivals Join Forces
Mar 1, 1999 — Lumitex Inc. of Strongsville, Ohio, has merged with Poly-Optical Products Inc., combining technologies and product offerings to expand their presence in the electronic display markets. The two companies have been longtime competitors. Lumitex is...
GE Lighting and Emcore to Make White LEDs
Mar 1, 1999 — GE Lighting and Emcore Corp. of Somerset, N.J., have embarked on a joint venture to produce white light-emitting diodes (LEDs). The agreement creates Gelcore LLC in Cleveland and signals GE's entry into the solid-state lighting market, which is...
JDS Fitel and Uniphase Are Engaged
Mar 1, 1999 — JDS Fitel Inc. of Nepean, Ontario, Canada, and Uniphase Corp. have signed a merger agreement to combine their fiber optic component supply businesses into a single company called JDS Uniphase Corp. If regulators and shareholders approve, the deal...
Laser Firm Disputes Diode Order
Mar 1, 1999 — Semiconductor Laser International has acknowledged that its largest customer has canceled the bulk of an order for 500 diode lasers, citing defects in products it has received. According to a document filed with the US Securities and Exchange...
Medical Sciences Improve 'Market Share' of Academic R&D
Mar 1, 1999 — The medical science sector has shown the largest increase in "market share," according to a recent brief from the National Science Foundation, which tracked academic R&D spending between 1973 and 1996. During that period, medical sciences'...
Methode Buys Connector Manufacturer
Mar 1, 1999 — Methode Fiber Optic Products of Chicago has acquired Stratos Ltd. of Haverhill, UK. Formerly AB Stratos Ltd., the company manufactures fiber optic connectors capable of withstanding harsh environments. Terms of the cash deal were not disclosed. ...
Miniature Display Market Set for Record Growth
Mar 1, 1999 — Total shipments for microdisplays reached 431,900 units last year with an estimated average annual growth rate of 43.2 percent over the next five years. That's the projection from a recently released report from Business Communications Co. Inc. in...
Multimillion-Dollar Project Aims at Improving Weather Forecasting
Mar 1, 1999 — One of the most significant limitations in weather forecasting is the inability to predict cloud formation in the atmosphere. To better understand this phenomenon, NASA has earmarked $119 million toward a five-year project to provide the first...
New Technical Program to Highlight Aerosense
Mar 1, 1999 — SPIE has announced that Aerosense '99 will take place in Orlando from April 5 to 9. The symposium this year offers a largely revised series of technical conferences for component and system designers of sensors and simulation in the military and...
Robotic Vision Systems Sheds Ice-Detection Unit
Mar 1, 1999 — Robotic Vision Systems Inc. in Canton, Mass., has sold the assets and technology of its wide-area ice-detection product line to BF Goodrich Aerospace's Aircraft Sensors Div. Six years ago, Robotic Vision Systems developed a handheld...
US Restricts Exports to Three More Russian Institutions
Mar 1, 1999 — US National Security Adviser Samuel R. Berger announced recently that three Russian research institutions have been added to the "denied entity" list maintained by the US Bureau of Export Administration. The Moscow Aviation Institute, Mendeleyev...
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