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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24
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HD Vision Systems Voted Winner of VISION Start-up 2020
STUTTGART, Germany, Nov. 11, 2020 — An all-virtual audience selected HD Vision Systems as the winner of the Vision Startup Pitch Session held Nov. 11. The Heidelberg, Germany-based company now qualifies to take part in the VISION Startup World 2021, at the VISION conference scheduled for Oct. 5-7, 2021. HD Vision will also exhibit at the event. Six companies, selected by a jury from a pool of more than 30 submissions, participated in the pitch. Among them were HD Vision Systems, offering light-field and
Coherent Reports $1.23B in Revenue at Close of Fourth Quarter
SANTA CLARA, Calif., Nov. 11, 2020 — Laser and laser-based systems provider Coherent Inc. reported net sales of $1.23 billion and net loss on a GAAP basis of $414.1 million, or $17.18 per diluted share, for the fiscal year ending Oct. 3, 2020. The totals compare to the previous...
International Team Awarded $13M Grant for Superresolution Microscopy
WÜRZBURG, Germany, Nov. 11, 2020 — An international research team headed by Markus Sauer of the University of Würzburg has been awarded a grant to pursue research in superesolution microscopy, aimed at advancing the study of proteins as they relate to the function of the nervous...
Edmund Optics Acquires Quality Thin Films
BARRINGTON, N.J., Nov. 10, 2020 — Edmund Optics announced its acquisition of coatings specialist Quality Thin Films Inc. Quality Thin Films is located outside Tampa, Fla. As part of the acquisition, Karl George Sr., president and CEO of Quality Thin Films, will retire. Karl George...
Automotive Industry Turbulence Continues to Hurt Jenoptik; Company Profits Down for Quarter
JENA, Germany, Nov. 10, 2020 — Jenoptik profits declined for the quarter, with the company reporting revenue of just over €176 million for the period ending Sept. 30, and €505 million for the nine-month period ending on the same date. The figures represent decreases of...
Flow Cytometer Installed at National Research Council
MOUNTAIN VIEW, Calif., Nov. 10, 2020 — Kinetic River Corp., a developer of flow cytometry and optics products, announced it delivered its flagship flow cytometer to the National Research Council (CNR) in Naples, Italy. Kinetic River’s Potomac flow cytometer, the company said, was...
Cytek Biosciences Closes Series D Funding with $120M
FREMONT, Calif., Nov. 5, 2020 — Cytek Biosciences announced the closing of a $120 million Series D funding round, co-led by RA Capital and Hillhouse Capital, with OrbiMed and LYFE Capital also participating. The investment will be used to expand Cytek’s global infrastructure...
One Year After Finisar Acquisition, II-VI Eyes Power Market Growth
PITTSBURGH, Nov. 5, 2020 — II-VI reported $728.1 million in revenue and earnings per share (EPS) of 84 cents (GAAP EPS of 38 cents) for its first quarter, ending Sept. 30. Operating income for the quarter exceeded $138 million and $100 million (GAAP). EPS surpassed the Zacks...
TRUMPF and SICK to Develop Industrial Quantum Sensor
DITZINGEN, Germany, Nov. 5, 2020 — TRUMPF subsidiary Q.ANT and sensor specialist SICK signed a collaboration agreement for the development of industrial quantum sensors. The signing was preceded by a successful demonstration of what the companies say is the first quantum optical...
OLED Materials Company CYNORA Names Ok-Keun Song VP of Engineering
BRUCHSAL, Germany, Nov. 5, 2020 — CYNORA, a developer of OLED materials including thermally activated delayed fluorescence (TADF)-based green and blue emitters, appointed Ok-Keun Song vice president of engineering. Song previously served in executive capacities for Samsung Display...
Satisloh Names Bruno Fischer CEO
BAAR, Switzerland, Nov. 5, 2020 — Optical manufacturer Satisloh (the Satisloh Group) named Bruno Fischer company CEO. Fisher previously served as CFO at the company, and as chief operating officer. He has been with Satisloh since 2001, most recently leading its Finance, Human...
UCF’s Kyu Young Han Receives NIH Grants
ORLANDO, Fla., Nov. 4, 2020 — Kyu Young Han, assistant professor in the University of Central Florida (UCF) College of Optics and Photonics, has been awarded two grants from the National Institutes of Health (NIH). The first is a Maximizing Investigator’s Research Award...
Forthcoming ams/OSRAM Combined Company Moves Closer
MUNICH, Nov. 3, 2020 — OSRAM GmbH shareholders voted in favor of a domination and profit and loss transfer agreement (DPLTA) with amsAG, which owns a majority share of OSRAM (approximately 70% of shares prior to the vote). Ams, the Austrian developer and supplier of...
ASML Closes on Berliner Glas Acquisition
BERLIN, Nov. 3, 2020 — Lithographic equipment and chip-making materials developer ASML announced it closed on its previously announced acquisition of Berliner Glas, the German provider of optical key components and refined technical glass. The Berliner Glas management...
Luna Innovations Acquires Fiber Optics OEM Solutions Company New Ridge Technologies
ROANOKE, Va., Nov. 2, 2020 — Luna Innovations announced it has acquired New Ridge Technologies (NRT), a Md.-based developer and manufacturer of fiber optic test and measurement equipment and fiber optic subsystems. NRT, with its portfolio of systems for the telecommunications...
State of Laser Industry Contributes to Cautious Report, Forecast for IPG Photonics
OXFORD, Mass., Nov. 2, 2020 — High-performance laser manufacturer IPG Photonics is maintaining a wide guidance range moving into the year’s final quarter, after reporting a total revenue beat (IPG reported $318 million in total revenue) for quarter three, with earnings per...
PerkinElmer to Acquire WUK-based Horizon Discovery
WALTHAM, Mass., Nov. 2, 2020 — PerkinElmer announced it will acquire Horizon Discovery, a Cambridge, England-based cell engineering company. The acquisition will expand PerkinElmer’s life sciences discovery and applied genomics solutions offerings, and bring together the...
iENSO Names Vlad Kardashov Vice President of Engineering
RICHMOND HILL, Ontario, Nov. 2, 2020 — Embedded vision and systems manufacturer iENSO named Vlad Kardashov vice president of engineering. Company cofounder Michael Liwak moved to the position of chief products officer. Kardashov comes to iENSO after four years serving as vice president...
IPG on Track with $318.4M in Revenue for Third Quarter
OXFORD, Mass., Oct. 30, 2020 — IPG Photonics Corp. generated $318.4 million in total revenue for the quarter ending Sept. 30, the company reported, surpassing its guidance range and the Zacks consensus estimate (ZCE). Earnings per diluted share (EPS) were reported at 66 cents,...
CEA-Leti to Build Quantum Photonics Platform
GRENOBLE, France, Oct. 29, 2020 — CEA-Leti announced plans to build a quantum photonics platform to develop technologies for industries requiring ultrasecure data transmission. The project is funded by Carnot, a French multidisciplinary network. The three-year project aims to...
Demand for Consumer Tech, E-Commerce Propel Cognex to 'Fantastic Quarter'
NATICK, Mass., Oct. 29, 2020 — Strong earnings in consumer technology, logistics, and e-commerce, highlighted by Greater-China-based customers generating a three-month, year-over-year revenue increase of more than 150%, propelled Cognex to a strong third quarter ending Sept. 27....
Cognex Profitable as Machine Vision Systems Manufacturer Reports Third-Quarter Earnings
NATICK, Mass., Oct. 28, 2020 — Cognex reported third-quarter revenue of $251.1 million, surpassing analysts’ and internal estimates for the period ending Sept. 27. The reported revenue of the Natick, Mass.-based machine vision systems developer and manufacturer represents a...
LaserNetUS Awarded $18M by US DOE
WASHINGTON, D.C., Oct. 28, 2020 — The U.S. Department of Energy announced $18 million in funding for LaserNetUS, a network of 10 high-intensity laser facilities at national laboratories and universities in the United States and Canada. The initiative, established in 2018, is...
EnPro Completes Acquisition of Alluxa
CHARLOTTE, N.C., Oct. 28, 2020 — EnPro Industries announced that it has closed on its previously announced acquisition of Alluxa. The closing was announced Oct. 27. Alluxa specializes in optical fibers, filters, and coatings for the industrial technology, life science, and...
Brad Sherrard Named Chief Revenue Officer at Quanergy
SUNNYVALE, Calif., Oct. 28, 2020 — Quanergy Systems Inc., a producer and developer of lidar sensors and smart perception technology, appointed Brad Sherrard to the position of chief revenue officer. Sherrard will lead the company’s global sales functions in addition to his...

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