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Business briefs

02 Sep 2005

Including news from Zygo, JDS Uniphase, Micronic Laser Systems. OmniVision Technologies and more.

Financial results:

•  US metrology expert Zygo has posted net earnings of $9.8 million for fiscal 2005, which includes a loss from discontinued operations of $0.4 million. This compares with a net loss of $3.4 million for fiscal 2004, although this figure accounts for a loss of $7.7 million from discontinued operations. "Our flat panel display products are experiencing increasing acceptance," said Bruce Robinson, Zygo's CEO. "Our entry into the back-end sector of semiconductor packaging continues to gather momentum."

•  JDS Uniphase has reported a net revenue of $712.2 million for fiscal 2005, compared to $635.9 million for the previous year. Net loss for the year was $261.3 million, an increase from the net loss of $115.5 million for fiscal 2004. "We achieved important milestones in consolidation initiatives, with JDSU's exit from three manufacturing sites and the sale or phase out of certain products," said Kevin Kennedy, JDSU's CEO. "With 24% year-over-year growth in our optical communications segment, our employees have managed the execution of change very well."

Funding:

•  High-speed optical switch maker Nozomi Photonics of Japan has secured $8 million of funding led by Japanese investor Globis Capital Partners. Headquartered in Kawasaki near Toyko, Nozomi has its main R&D and manufacturing facility in San Jose, California, US. The company currently supplies 1x4, 1x8 and 2x2 high-speed optical switches covering the 10-100 ns speed range.

•  Princeton Lightwave, US, has been awarded second-year funding from the US Department of Defense (DoD) to develop a 1 kW diode-pumped Er:YAG eye-safe laser. Central to the development is work on indium-phosphide diode laser pump arrays with high output powers. The laser will be developed in conjunction with the Army Research Laboratory.

Orders:

•  Micronic Laser Systems of Sweden has received an order from Phoenix Precision Technology (PPt) of Taiwan for an MP80+ laser pattern generation system. PPt is a leading producer of plastic ball grid array substrates. Micronic has also announced a double order for its LRS series pattern generator from an undisclosed customer in Asia this week.

Supply and Distribution agreements:

•  OmniVision Technologies, US, has signed an agreement to supply the Lenovo Group, China's second largest maker of cell phone handsets, with CMOS camera chips. Prior to this deal, OmniVision has supplied Lenovo with nearly 2 million CMOS sensors, although this number is now expected to rise significantly. "The market potential in China is huge, so teaming up with a leading handset maker like Lenovo is a major milestone for OmniVision," said Raymond Wu, the executive vice president of OmniVision.

•  Systems Development and Solutions (SDS) of France has appointed Alrad Instruments as its distributor in the UK. SDS's range of products includes high-voltage power supplies, photomultiplier tubes, avalanche photodiodes and micro-channel plates.

Bristol Instruments, Inc.Spectrum Scientific Inc. -  SSI OpticsISUZU GLASS, INC.LightPath TechnologiesHÜBNER PhotonicsVR/AR AssociationJENOPTIK Light & Optics
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