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Business News
Jenoptik Announces Appointments
JUPITER, Fla., Oct. 8, 2020 — Jenoptik has appointed Steve Green president of JENOPTIK Automotive North America, and James Roe business development manager for the western region of North America. Green previously served as president of KUKA Canada and KUKA Robotics USA (both part of KUKA Robotics). JENOPTIK Automotive North America is part of the company’s Light & Production Division. Roe, in more than 10 years of sales and business development experience, served as the regional manager, Federal &
II-VI Adds Executive Vice President, Finalizes Acquisitions
PITTSBURGH, Oct. 7, 2020 — II-VI Inc. announced that Sohail Khan has joined the company as executive vice president of new ventures and wide-bandgap electronics technologies. The company additionally closed on its acquisition of Ascatron, a Swedish company that produces...
OpTek Invests in Operational Facilities in US, China, UK
ABINGDON, England, Oct. 7, 2020 — Precision laser processor and manufacturer OpTek Systems announced its investment into new operational facilities on three continents. The company expanded its Greenville, S.C., facility by 2000 sq ft, adding additional fiber processing and machine...
IR Imaging, AO in Spotlight as 3 Scientists Awarded Nobel Prize in Physics
WASHINGTON, D.C., Oct. 6, 2020 — Laureates Roger Penrose, Reinhard Genzel, and Andrea Ghez have been awarded the 2020 Nobel Prize in physics for discoveries related to black hole formation (Penrose) and of a black hole at the center of the Milky Way (Genzel and Ghez). Penrose,...
SDC Technologies Acquires Coatings Maker COTEC
IRVINE, Calif., Oct. 6, 2020 — Mitsui Chemicals Inc. has announced that group company SDC Technologies Inc. acquired COTEC GmbH, a manufacturer, developer, and researcher of physical vapor deposition (PVD) and molecular layer deposition (MLD) materials for hydrophobic,...
Edmund Optics Names Vice Chair to Board of Directors
BARRINGTON, N.J., Oct. 6, 2020 — Edmund Optics announced it appointed Marisa Edmund to the position of vice chair on the company's board of directors. In more than 20 years in the photonics industry, she has worked in direct marketing, sales, organizational development, and...
LENSAR Spinoff Completed
INCLINE VILLAGE, Nev., Oct. 6, 2020 — PDL BioPharma Inc. announced the completion of the previously announced spinoff of its femtosecond laser system business LENSAR. Beginning Oct. 2, LENSAR shares began “regular way” trading on the Nasdaq composite exchange. LENSAR is a...
SCHOTT Closes Acquisition of INCOM’s MEGAdraw Business
SOUTHBRIDGE, Mass., Oct. 6, 2020 — SCHOTT North America Inc. finalized its acquisition of INCOM Inc.’s MEGAdraw business. The MEGAdraw process is used for image intensification processes and applications. SCHOTT, in a press release, said the acquisition expands its existing...
Gelest Completes Sale of Parent Company to Mitsubishi Chemical America
MORRISVILLE, Pa., Oct. 5, 2020 — Gelest, manufacturers and suppliers of high-growth materials such as silicones and organosilanes, reported it has completed its previously announced sale of Gelest Intermediate Holdings to Mitsubishi Chemical America Inc., the U.S. subsidiary of...
Lumentum Appoints Janet Wong to Board of Directors
SAN JOSE, Calif., Oct. 2, 2020 — Lumentum has announced the appointment of Janet Wong to its board of directors, bringing the board to eight members, seven of whom are independent. Lumentum is a designer and manufacturer of optical and photonic components in optical networking and...
TRUMPF Names Annette Doyle VP of Technical Service
FARMINGTON, Conn., Oct. 2, 2020 — TRUMPF Inc. has named Annette Doyle vice president of technical service. The appointment was effective Oct. 1. Doyle has been with TRUMPF Inc. since 2002, first as a project engineer in the company’s service department. She has since held...
Aarhus University Awarded Grant for Vision-Enhanced Plastics Recycling
AARHUS, Denmark, Oct. 1, 2020 — Aarhus University has been awarded a $3.5 million grant (22.7 million DKK) to develop a camera-based system for the separation of plastic waste according to type. Aarhus will be working with waste management and recycling companies...
TRUMPF Spins Off Optimate and ScaleNC Startups
DITZINGEN, Germany, Oct. 1, 2020 — TRUMPF has spun off two startups, Optimate and ScaleNC, both of which offer digital solutions for sheet metal production. Ideas for the startups were developed as part of TRUMPF’s “Internehmertum” program, in which employees can...
NIH Grant Supports Light, Ultrasound Combination in Breast Imaging
BUFFALO, N.Y., Sept. 30, 2020 — National Institutes of Health (NIH) funding to SUNY Buffalo is supporting the college’s development of a portable breast imaging device called a dual scan mammoscope (DSM). By pairing light with ultrasound technology, the imaging system...
Excelitas Technologies Acquires SolidTRON Product Line from Silicon Power Corp.
WALTHAM, Mass., Sept. 30, 2020 — Excelitas Technologies Corp. has acquired the SolidTRON product line from Silicon Power Corp. The product line expands Excelitas’ defense and aerospace technology to include solid-state discrete firing switches and pulsed power products....
SBI, Theragnostics Agreement Will Accelerate Fluorescence-Based Oral Cancer Diagnoses
NEW YORK, Sept. 30, 2020 — An agreement signed this month is poised to broaden the scope and application of fluorescence-labeled poly ADP-ribose polymerase (PARP) inhibitors in cancer detection and diagnostics. Summit Biomedical Imaging (SBI), a clinical stage developer of...
LeddarTech Acquires Phantom Intelligence Assets
QUEBEC CITY, Sept. 29, 2020 — Lidar and environmental sensing company LeddarTech has announced the acquisition of Phantom Intelligence’s assets, including its full intellectual property and technology portfolio. The move gives LeddarTech access to specific Phantom...
EnPro Industries Acquiring Alluxa
CHARLOTTE, N.C., Sept. 28, 2020 — EnPro Industries is acquiring optical coatings and filters company Alluxa in a deal worth $255 million. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of...
Allied Vision Hires Sales Director for Americas
EXTON, Pa., Sept. 28, 2020 — Machine vision company Allied Vision Technologies has hired Carl Lewis as director of sales, Americas. Lewis will be based in the company’s U.S. sales office in Exton, Pa., where he will oversee and support sales activities and direct...
ALLVAR Awarded NASA SBIR Phase I Grant for High-Temperature Alloy
COLLEGE STATION, Texas, Sept. 25, 2020 — Alloy developer and manufacturer ALLVAR has been awarded a NASA SBIR Phase I Grant to develop a high-temperature negative thermal expansion (NTE) alloy, ALLVAR Alloy-HT, aimed at improving the reliability and reusability potential of future...
Bruker Acquires Canopy Biosciences
BILLERICA, Mass., Sept. 25, 2020 — Bruker Corp. has acquired Canopy Biosciences, a specialist in high multiplex biomarker imaging for immunology, immune-oncology, and cell therapy. The acquisition expands Bruker’s offerings in targeted multiomics and fluorescence-based imaging...
Jenoptik Completes Acquisition of TRIOPTICS
JENA, Germany, Sept. 25, 2020 — Jenoptik has completed its acquisition of the first tranche of 75% of shares in the Hamburg-based TRIOPTICS, which had been anticipated for the third quarter. Jenoptik will acquire the remaining 25% of shares from the owners on Dec. 31, 2021....
Mike Davenport Named President of Rochester Precision Optics
WEST HENRIETTA, N.Y., Sept. 24, 2020 — Rochester Precision Optics promoted Mike Davenport to company president, effective Sept. 21. Davenport previously served as RPO’s vice president of operations. The promotion follows the announcement that Randy Shaw, who had served as company...
Osram, Continental Dissolve Joint Venture Business
MUNICH, Sept. 23, 2020 — Osram and Continental are separating their joint venture business Osram Continental, a developer of smart automotive lighting systems, and returning the business to the respective companies. The two parent companies said separation negotiations will...
Spinout BioPixS to Harness Photonic Phantoms
CORK, Ireland, Sept. 23, 2020 — The Irish Photonic Integration Centre’s Science Foundation Ireland (IPIC SFI) Research Centre, University College Cork (UCC) Innovation, and Tyndall National Institute have launched BioPixS, a collaboration aimed at translating the latest in...
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