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14 May 2004
Including news from Lumileds, MicroEmissive Displays, Rofin-Sinar, Linos and more.
Company news:
• Lumileds, the US LED specialist, is opening a 200,000 square foot plant in Malaysia. The facility will replace the company’s Penang factory in July, tripling both floor space and manufacturing capability. Lumileds also expects to double its manufacturing workforce when all of its additional production lines are fully functional.
• Cristal Laser, a French grower of crystals of nonlinear optics, has moved into a new production facility. Thanks to a EURO 2 million investment from regional and local authorities, the company says it will now triple its crystal growth capacity and is in the process of buying more crystal polishing and cleaning equipment.
Funding:
• MicroEmissive Displays, the Scottish developer of light-emitting-polymer based microdisplays, has received $3 million in funding. The cash is a combination of venture capital and private investment. New investors are Sigma Technology Management and Braveheart Ventures.
Contracts:
• Optical Research Associates (ORA) of the US has been awarded $1.7 million to develop advanced modeling algorithms for optical lithography. The award was made by the US standards institute NIST as part of its advanced technology program. ORA says the goal of its EUV illumination optimizations algorithms is to improve product throughput or yield at the chip level by 10 to 25%.
• Jena-Optronik of Germany is supplying the multispectral cameras and the connected on-board data processing systems for the Rapid-Eye satellite-based Earth observation instrument. The Rapid-Eye system uses a string of five satellites all equipped with a camera that acquires images in five wavebands.
Financial results:
• Linos of Germany has reported a first quarter revenue of EURO 20.9 million, up 12.9% on the same quarter in 2003. Quarterly revenues also rose year-on-year in all three of the company’s strategic business divisions: information technology and communication increased 6.7% to EURO 4.9 million; health care and life sciences rose 18.7% to EURO 6.5 million; and industrial manufacturing was up 12.5% at EURO 9.4 million.
• Rofin-Sinar has posted second quarter net sales of $75.9 million, a 24% increase year-on year. Net income for the quarter amounted to $5.6 million compared to $3.4 million in the same period last year. “We were able to complete our secondary [share] offering at the end of March 2004 under depressed market conditions and this action further improved our strong balance sheet,” said Rofin’s CEO Peter Wirth.
• Radiant Imaging of the US has seen its first quarter sales increase 120% compared with its previous quarter. The company says this is largely thanks to first quarter sales in excess of $1.4 million for its production-line display metrology equipment.
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