05 Apr 2007
Featuring news from Rofin-Sinar, Photonic Products Group, Xponent, AMO, Applied Materials, PerkinElmer, EXFO, Optium, PMC-Sierra, OFS, Oki and Blonder Tongue.
• Rofin-Sinar has acquired 100% of the common stock of Corelase, Finland. Corelase products include fiber-coupled diode laser systems, continuous-wave and ultra short pulse mode-locked fiber laser systems, and diode lasers for material processing. It will continue to operate as a stand-alone company and supply products to other laser companies.
• Photonic Products Group reported an increase in revenue and profits for fiscal year 2006. Revenues rose slightly to $13.9 million, while profits rose by 19%. Earnings before interest and taxes rose to $2.4 million, up from $1.5 million in 2005.
• Xponent has announced $23 million funding to further develop its Surface Mount Photonics components. The company has also appointed Barbara Grant to its board of directors.
• Advanced Medical Optics has acquired IntraLase, adding the company's femtosecond laser technology to AMO's corneal, cataract, and eye care products. The acquisition moves AMO into the corneal transplant sector.
• PerkinElmer has acquired Improvision, provider of cellular imaging software and hardware for life sciences research. PerkinElmer also recently acquired Evotec, whose cellular screening systems will be supported by PerkinElmer's existing sales and support network.
Fibers and communications
• EXFO reported sales of $35.2 million in the second quarter of fiscal 2007, a rise of 17.1% over the equivalent quarter in 2006. Growth in optical testing, revenue from a Tier-1 network service provider, and the contribution of the Consultronics acquisition all contributed to the increase. Seven new products were launched during the quarter, for broadband access, IPTV and next-generation networks, contributing to the 28.2% of sales derived from products on the market for two years or less. The company aims to generate 35% of sales for fiscal 2007 from such new products, as part of an overall sales growth of 20%.
• PMC-Sierra is undertaking a corporate restructuring, which will include the closure of two R&D centers in Winnipeg and Saskatoon, Canada. The restructured company will target enterprise storage, strategic customer engagements, and communications infrastructure products. It is expected that the structuring will be complete by the third quarter 2007.
• OFS is supplying its AllWave ZWP optical fiber to projects in Florida, New York, New Jersey and Illinois, where expansion to the existing Intelligent Transportation System is underway. The expansion brings optical fibers to the highway control, speed camera and light control systems of several states.
• Oki has developed optical isolator-free optical transmitter modules for long distance networks, using a gain-coupled DFB laser. Experiments showed almost no degradation of reception sensitivity over a 25 km transmission.
• Blonder Tongue recorded a 3% rise in sales for 2006, primarily through increased sales of digital and fiber products. The results represent a shift in the company's products away from analog transmission products. The company also anticipates that benefits from its initiative in China will start to appear in the second half of 2007.