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BUSINESS NEWS
Excelitas Technologies to Acquire Heraeus Noblelight Business
WALTHAM, Mass., Sept. 15, 2023 — Excelitas Technologies has signed a definitive agreement with Heraeus Group to acquire the Heraeus Noblelight business. Heraeus Noblelight specializes in the development and manufacture of specialty light sources and solutions used within analytical instrumentation, industrial curing, water treatment, electronics manufacturing, medical and cosmetic therapy, battery production, and other applications. The business employs approximately 850 people and has operations in Germany, the U.K., U.S.,
Astrape Networks to Develop Sustainable Data Center; Xenics Expands in North America: Week in Brief: 09/15/23
EINDHOVEN, Netherlands, Sept. 15, 2023 — Integrated photonics-based optical networks developer Astrape Networks secured a pre-seed funding round of €1.6 million ($1.7 million) to develop sustainable data centers by eliminating multiple electrical-optical conversions during use. The...
Lithuanian Laser Laboratory Opens in Taiwan
VILNIUS, Lithuania, Sept. 14, 2023 — Citing the Lithuanian Ministry of Economy and Innovation, the Central European Initiative reported the establishment and opening of the Lithuanian Laser Laboratory in Taiwan. The laboratory will serve to expedite the development of laser and other...
Ocean Insight Names President; Bluglass, TeraXion Add to Executive Teams: People in the News: 09/13/2023
OBERKOCHEN, Germany, Sept. 13, 2023 — ZEISS CFO Christian Müller will step down from the executive board at the end of this month. Company president and CEO Karl Lamprecht will temporarily take over CFO duties. Christian Müller. Courtesy of Carl Zeiss AG. ORLANDO, Fla. —...
Financing Moves Diamond Light Source Upgrade Forward
OXFORDSHIRE, England, Sept. 12, 2023 — A nearly £520 million ($648.3 million) investment in the U.K.’s national synchrotron, Diamond Light Source, will lead to the implementation of three new flagship beamlines, as well as upgrades to existing beamlines. The U.K. Department...
Quanergy, Teledyne FLIR Collaborate on Infrastructure Security
SAN JOSE, Calif., Sept. 12, 2023 — Lidar security solutions provider Quanergy and Teledyne FLIR have partnered to develop an integrated solution that addresses security challenges facing critical infrastructure environments. The collaborators will fuse Quanergy’s Q-Track 3D...
Shoei Chemical Acquires Quantum Dot Business from Nanosys
TOKYO, Sept. 11, 2023 — Advanced materials manufacturer Shoei Chemical Inc., together with its North American subsidiary, Shoei Electronic Materials, has completed a definitive asset purchase agreement with Nanosys to acquire substantially all the assets associated with...
Underwater Laser Cutting Method Saves Energy, Optimizes Efficiency
DRESDEN, Germany, Sept. 11, 2023 — The need for modern technologies to dismantle existing underwater infrastructure is growing due to increasing demand for renewable energy sources. For example, to bring a wind power plant in the sea up to higher powers, the existing old steel...
DRDC Awards Immervision $5.7M to Develop Panoramic Imaging Systems
MONTREAL, Sept. 9, 2023 — Defence Research and Development Canada (DRDC) has awarded advanced vision systems provider Immervision a $5.7 million contract from for the design and development of panoramic imaging components and systems. Immervision’s technology offerings...
Tower Semiconductor, InnoLight Pair for Silicon Photonic Optical Transceivers: Week in Brief: 09/08/23
MIGDAL HAEMEK, Israel, Sept. 8, 2023 — Tower Semiconductor and data center optics company InnoLight Technology will develop multigeneration high-speed optical transceivers based on Tower’s silicon photonics process platform. The partnership is expected to enable cutting-edge...
Envisics Closes Series C Funding Totaling over $100M, M&G Becomes Investor
MILTON KEYNES, England, Sept. 7, 2023 — Dynamic holographic technology developer Envisics completed its series C funding round, raising more than $100 million. The round saw investment from M&G Investments and Van Tuyl Companies. In March, Envisics said that the first phase had raised...
Ghent University, imec Spinout Axithra Raises $10M
LEUVEN, Belgium, Sept. 7, 2023 — Axithra, a spinout of imec and Ghent University, has raised €10 million ($10.7 million) in a seed round to develop a chip-based Raman spectroscopy platform to monitor drug concentration in the blood. The seed round, which saw backing from...
President of Coherent’s Lasers Segment Retires, Prisma Expands US Team: People in the News: 09/06/2023
PITTSBURGH, Sept. 6, 2023 — Mark Sobey, president of Coherent’s lasers segment, has retired. Sobey held the position since July 2022, when II-VI merged with Coherent. Before the merger, Sobey served as Coherent’s COO from 2020 to 2022. From 2010 to 2016, he was...
TriLite Partners with ams OSRAM on RGB Diodes for AR Displays
VIENNA, Sept. 6, 2023 — Display technology company TriLite has collaborated with ams OSRAM to further develop TriLite’s Trixel 3 laser beam scanner (LBS). The Trixel 3 LBS is an ultracompact projection display geared toward augmented reality (AR) applications,...
SPIE Launches New Biophotonics Journal
BELLINGHAM, Wash., Sept. 5, 2023 — SPIE will launch Biophotonics Discovery, the 15th publication from the society. The journal will serve as a peer-reviewed outlet for research presented at the Photonics West BiOS Symposium, SPIE said. The journal will provide at will complement the...
Messe Stuttgart Cuts Stand-Alone LASYS Industry Trade Fair
STUTTGART, Germany, Sept. 4, 2023 — LASYS, the international trade fair devoted to laser materials processing advancements, will not be held as a stand-alone event, according to its organizers, Messe Stuttgart. The show, established in 2008, served as a premier showcase for industrial...
BeeOLED Emerges from Stealth to Develop Deep-Blue OLED Emitter Tech
DRESDEN, Germany, Sept. 1, 2023 — Dresden, Germany-based startup beeOLED has raised €13.3 million ($14.4 million) in series A funding to further develop its high-efficiency deep-blue emitter technology and advance the emitters toward commercial availability. The company aims to...
Teledyne FLIR Defense Earns $31M Supply Contract: Week in Brief: 09/1/23
BOSTON, Sept. 1, 2023 — Teledyne FLIR Defense signed a $31 million contract with Norwegian defense supplier Kongsberg Defense and Aerospace to provide its Cerberus XL mobile counter-unmanned aerial system (UAS) for Ukraine. Cerberus XL combines an advanced thermal/visual...
PhotonDelta-Backed Fund Raises €60M for European Photonics Startups
EINDHOVEN, Netherlands, Aug. 31, 2023 — A deep-tech venture capital firm backed by Netherlands-based photonics ecosystem PhotonDelta has raised €60 million ($65.5 million) in its debut funding round. The fund, launched by PhotonVentures, is aimed at early-stage photonic chip startups...
Cognex Acquires Machine Vision Optics Developer Moritex Corp.
NATICK, Mass., Aug. 30, 2023 — Cognex will acquire Yokohama, Japan-based Moritex Corp. in a deal worth ¥40 billion ($274.1 million). The deal, Cognex said, supports its penetration into what the company called the high-growth machine vision market in Japan. Moritex develops...
Trio Partners to Commercialize Encapsulation on Perovskite Solar Cells
DEKALB, Ill., Aug. 29, 2023 — Verde Technologies Inc., a pervoskite-focused thin-film solar company, has partnered with Northern Illinois University (NIU) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to bring its perovskite solar cells to...
Apollon, MIT to Collaborate on Noninvasive Glucose-Monitoring Technology
SEOUL, South Korea, Aug. 28, 2023 — Seoul-based medical technology startup Apollon Inc. will collaborate with MIT’s Laser Biomedical Research Center (LBRC) to develop and conduct clinical trials of noninvasive continuous glucose monitors (CGMs) using Raman spectroscopy. Though...
Viewpointsystem, Printoptix Receive €2.5M: Week in Brief: 08/25/23
WALTHAM, Mass. — Thermo Fisher Scientific completed the acquisition of CorEvitas LLC, a provider of regulatory-grade, real-world evidence for approved medical treatments and therapies, for $912.5 million in cash. CorEvitas will become part of Thermo Fisher’s...
Rockley Completes Human Studies of Blood Pressure Monitor
OXFORD, England, Aug. 24, 2023 — Rockley Photonics has completed two IRB-approved human studies using a first-generation Alpha prototype of their noninvasive laser-based cuffless blood pressure monitor. The device is currently in advanced development. The first study successfully...
SPIE Elects Rochester’s Julie Bentley into Presidential Chain
BELLINGHAM, Wash., Aug. 23, 2023 — University of Rochester professor Julie Bentley has been elected to serve as the 2024 vice president of SPIE. With her election, Bentley joins the SPIE presidential chain and will serve as president-elect in 2025 and as the society’s president...
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