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Business briefs

24 Sep 2007

Featuring news from JMAR Technologies, MicroEmissive Displays, CDT, Advanced Photonix, Thorlabs, Boston Micromachines, FLIR and others.

JMAR Technologies, a developer of high-resolution imaging and photonics technologies, has secured $7.5 million of new financing with Laurus Master Fund, a New York-based institutional fund that specializes in providing growth financing to small and micro-cap companies. The funding will allow the company to concentrate on proprietary products related to homeland security and military applications.

MicroEmissive Displays, a UK manufacturer of low-power microdisplays for portable consumer electronics products using light-emitting polymers, hopes to raise £7.5 million ($15 million) by placing 15.7 million shares. The proceeds will be used to fund the working capital requirements anticipated from ramping up production at the company's facility in Dresden, Germany.

• The acquisition of Cambridge Display Technology by Sumitomo Chemical has been completed. The deal, covered previously on optics.org, is valued at $285 million.

Advanced Photonix (API) has received an order worth $1 million from the US military for LED arrays used in night vision displays. The order is expected to ship within the next nine months and represents part of the company's continued growth in military and defense sectors, according to API.

• A new partnership between Thorlabs and Boston Micromachines (BMC) will bring BMC's deformable mirrors to the photonics research community and encourage the creation of new products incorporating adaptive optics technology, according to the companies. Alex Cable, president and founder of Thorlabs, has joined BMC's board of directors.

FLIR Systems has received an order worth $28.6 million from the United Arab Emirates for its Star SAFIRE III stabilized multi-sensor systems, to be used for homeland security and high-value asset protection missions. This represents the company's largest international contract award. Work will be performed at FLIR's facilities in Portland, Oregon, and deliveries will begin in 2008 and extend into 2009.

• The market for printed and thin-film electronics will reach $1.18 billion in 2007 according to a new report. Organic electronics, predominantly OLED display modules, will account for some 59% of the total market. Printing techniques will be used in the fabrication of 32% of all units. Initially modest and then rapid growth will follow as the market reaches $5 billion by 2011, $48 billion in 2017, and then $300 billion in 2027. Organic & Printed Electronics Forecasts, Players & Opportunities 2007-2027 is available from Research and Markets.

People

• Robert Deuster will retire as chairman and CEO of Newport in October 2007. Robert Phillippy, already president and COO at the laser and photonics systems supplier, has assumed the role of CEO and will serve on the board of directors. Kenneth Potashner has been named non-executive chairman.

• Alan Lowe has been appointed to lead JDSU's Commercial Lasers product group, replacing Philip Meredith who will retire. Lowe will focus his efforts on margin expansion initiatives, lean manufacturing initiatives and working with customers as the industry continues its transition from gas to solid-state laser platforms.

• Jeffrey Solari has been promoted to manager of product development, marketing and sales, by Incom, a provider of commercial fused fiber optics. The appointment results from Incom's rapid expansion into new markets, where Solari's experience creating prototypes for new applications will be valuable, according to the company.

Micronic Laser Systems, a supplier of laser pattern generators for photomasks, has elected Göran Malm as chairman of the board until the next Annual General Meeting. He succeeds Lars Nyberg, who becomes president and CEO of TeliaSonera.

NIL TechnologyFISBADiffraction InternationalSacher Lasertechnik GmbHLumencor, Inc.UniKLasersULO Optics
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