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BUSINESS NEWS
Jenoptik Names Director of Corporate Identity, Communications; Ray Therapeutics Adds CDO: People in the News: 08/23/2023
JENA, Germany — Jenoptik named Sabine Klisch director of corporate identity and communications. Most recently, Klisch served as vice president of global marketing at MOSTLY AI, a startup in the field of AI-generated synthetic data based in Vienna. She spent most of her career working and living in South Africa, where she successfully set up and led global marketing for the international telematics company MiX Telematics, among others. Klisch has also held roles at IBM and Pixelpark in Germany. HOD
TAU Systems Upgrades University of Texas Tabletop Laser to 40 TW
AUSTIN, Texas, Aug. 22, 2023 — TAU Systems has upgraded the existing University of Texas Tabletop Terawatt Laser (UT3) to facilitate the powering of a compact particle accelerator. The upgraded UT3 driver laser now produces ultrashort pulses with a peak power of 40 TW. The...
Cognex Q2 Revenue Declines 12%, a Result of Shrinking Demand for Capital Equipment
NATICK, Mass., Aug. 21, 2023 — Machine vision company Cognex reported its financial results this month, posting $242 million in revenue for the second quarter of the year, a 12% decline compared to the same quarter last year. The company attributed this decline to ongoing...
Basler AG Reports 41% Decline in Incoming Orders for First Half 2023
AHRENSBURG, Germany, Aug. 18, 2023 — Basler, a leading manufacturer of cameras and accessories, reported that incoming orders decreased to €94 million ($102 million) in the first six months of 2023, a decrease of 41% from the same period last year, while sales for the same period...
Bruker Enters New Research Space with PhenomeX Purchase Agreement
BILLERICA, Mass., Aug. 18, 2023 — Bruker has signed a definitive agreement to acquire functional cell biology company PhenomeX for $1 per share in an all-cash transaction. The proposed acquisition values PhenomeX at a total equity of approximately $108 million. PhenomeX provides...
Caelux, UbiQD Advance Solar Technology Pursuits: Week in Brief: 08/18/23
PASADENA, Calif., Aug. 18, 2023 — Perovskite technology developer Caelux closed a $12 million series A3 funding round. The company’s series A total of $24 million will be allocated to support its factory ramp, R&D, and product launch. The Caltech spinout is building a...
BAE Systems to Acquire Ball Aerospace
WESTMINSTER, Colo., Aug. 17, 2023 — Ball Corp. has reached an agreement to sell its aerospace business to BAE Systems for $5.6 billion in cash. BAE Systems is a provider of high-tech solutions for defense markets, including imaging, sensors, and optical displays, among others. Ball...
Intel and Tower Semiconductor Terminate Acquisition Deal
SANTA CLARA, Calif., Aug. 17, 2023 — Intel Corp. and Tower Semiconductor have mutually agreed to terminate Intel’s previously disclosed agreement to acquire Tower due to the inability to receive regulatory approvals required under the merger agreement. It has been widely reported...
Comptek Secures $8.7M Series A Funding
TURKU, Finland, Aug. 16, 2023 — University of Turku spinout Comptek Solutions has secured an €8 million ($8.7 million) series A funding round that will allow the company to expand its team and technology portfolio. The company is focused on passivation for compound...
Evident Corp. Appoints Leadership Team
TOKYO, Aug. 16, 2023 — Evident Corp. appointed William Wesley “Wes” Pringle CEO and Hiroyuki Yoshimoto president and COO as the life science and industrial microscopes manufacturer reworks its leadership group. Olympus, which held Evident as a subsidiary and...
SuperLight Photonics Names CEO; Diamond Light Source Taps Leader: People in the News: 08/16/2023
ENSCHEDE, Netherlands — SuperLight Photonics, a developer of supercontinuum generation lasers, named Cees Links CEO. The University of Twente spinout is focused on applications spectrometry, OCT, crop management, surface inspection, and pollution detection enabled by PIC...
Edmund Opens Florida Laser Optics Center: Week in Brief: 8/11/23
BARRINGTON, N.J., Aug. 11, 2023 — Edmund Optics established a 34,000-sq-ft laser optics center in Oldsmar, Fla. The center is dedicated to manufacturing optical components with high laser damage thresholds from the ultraviolet to the far infrared, and it expands Edmund’s laser...
Implementation Agreement Builds on OIF's Co-Packaging Standard
FREMONT, Calif., Aug. 11, 2023 — The Optical Internetworking Forum (OIF) has unveiled the External Laser Small Form-Factor Pluggable (ELSFP) Implementation Agreement (IA). The IA introduces a multisourced future-proof front panel pluggable external laser source form factor, which...
Edmund Optics Appoints CFO; Luminus, LightRiver Name CEOs: People in the News: 08/09/2023
BARRINGTON, N.J., Aug. 9, 2023 — Edmund Optics named Linda Fonner CFO. Fonner has more than 30 years of global management experience at companies including Phillips & Cohen Associates, Atotech (an MKS brand), and Bristol Myers Squibb. She has led financial and operational...
NASA to Test Deep-Space Laser Communication on Psyche Mission
WASHINGTON, D.C., Aug. 9, 2023 — NASA’s Deep Space Optical Communications project will test the use of near-infrared lasers as potential replacements for the current radio frequency systems. The technology demonstration, scheduled to piggyback on the Psyche mission launching...
NUBURU Contracts with NASA to Trial Blue Laser-Based Power Beaming
CENTENNIAL, Colo., Aug. 9, 2023 — NUBURU will demonstrate the feasibility of using its blue laser technology for power beaming in space following an award from NASA through the agency’s Small Business Innovation Research (SBIR) funding initiative. NUBURU said it will create a...
CSU and Marvel Fusion to Build $150M Facility
FORT COLLINS, Colo., Aug. 8, 2023 — Colorado State University (CSU) and Marvel Fusion have partnered to build a $150 million laser facility to enable research into inertial fusion energy and high energy density physics. The public-private partnership will see the facility constructed...
NIF Scientists Claim Repeat Fusion Breakthrough
LIVERMORE, Calif., Aug. 7, 2023 — Scientists at Lawrence Livermore National Laboratory (LLNL) and the National Ignition Facility (NIF) have reportedly advanced last December’s laser fusion breakthrough result. For the second time, scientists obtained more energy from a fusion...
Q.ANT Partners with PlanQK to Advance Quantum Photonics
STUTTGART, Germany, Aug. 7, 2023 — Q.ANT, a startup stemming from high-tech German company TRUMPF, has collaborated with PlanQK as an associated partner. Q.ANT will contribute its knowledge in photonic quantum computing and will make its in-house developed and manufactured quantum...
Innoviz Technologies to Develop Lidar for BMW
TEL AVIV, Israel, Aug. 4, 2023 — Innoviz Technologies and the BMW Group are expanding their existing collaboration by starting a B-sample development phase for Innoviz’s second-generation InnovizTwo lidar sensor. Samples will be fabricated following BMW requirements. The...
Red MicroLED Developer Secures Funding; Hesai Collaborates with NVIDIA: Week in Brief: 08/04/23
PALO ALTO, Calif., Aug 4, 2023 — Lidar developer Hesai Technology collaborated with NVIDIA to integrate Hesai’s AT128 automotive-grade, ultrahigh-resolution long-range lidar into the NVIDIA DRIVE and NVIDIA Omniverse ecosystems. Hesai’s AT128 lidar comprises128...
SPIE Adds 89 Senior Members
BELLINGHAM, Wash., Aug. 4, 2023 — SPIE has added 89 new senior members from academia, industry, and government, from across 17 countries. The members work in a variety of disciplines, including nanophotonics, quantum optics, biomedical engineering, free space optical communications,...
ams OSRAM Details Business Restructure
PREMSTAETTEN, Austria, Aug. 2, 2023 — Along with unveiling its second-quarter earnings, ams OSRAM announced it will eliminate its passive optical components portfolio, among others, as part of a strategic realignment. The company plans to cut what it called its “noncore...
Stephen Streiffer Named Director of ORNL: People in the News: 08/02/23
OAK RIDGE, Tenn., Aug 2, 2023 — Stephen Streiffer was named director of Oak Ridge National Laboratory (ORNL). Streiffer serves as interim director at SLAC National Accelerator Laboratory and will join ORNL in October. Streiffer joined SLAC last year as Stanford University’s...
Applications Open for the 2024 Prism Awards
BELLINGHAM, Wash., Aug. 1, 2023 — Applications are open for the 2024 SPIE Prism Awards, an event which will celebrate its 16th anniversary on Jan. 31, during a gala evening at SPIE Photonics West. The awards, held annually by SPIE, the international society for optics and photonics,...
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