Business briefs
17 Jun 2002
Including news from Scotia Holdings, DuPont, DisplaySearch, Physical Sciences and StockerYale.
Scotia Holdings, UK, manufacturers of troubled photodynamic therapy drug Foscan, has been sold to
Singapore Technologies. Scotia's intellectual property and manufacturing facilities in Stirling, UK will be acquired and a company called QuantaNova will be formed around the assets (see related
story).
US-based chemicals company
DuPont is donating several displays-related patents to the
University of California, San Diego, US, including rights to its "TackyDot" technology. The technology enables researchers to rapidly deposit photopolymer materials in precise patterns.
StockerYale, US, has announced a net sales increase of 1.7% for the third quarter. The company, a manufacturer of specialised illumination products, also reported a 15.6% decline in sales from the previous quarter of this year due to the economic slowdown.
The flat-panel display industry will see a decline of 8% in revenues to USD 22.5 million for 2001 says US-based consultants
DisplaySearch. The company also predicts rapid growth in the plasma display panel market as shipments are expected to rise 178% in 2001 alone due to a 26% fall in costs between 2001 and 2005.
Physical Sciences (PSI) has bought fellow US company
Q-Peak. PSI's CEO, George Caledonia, said: "Q-Peak's capabilities in the development of unique and innovative solid-state laser systems will complement and support PSI's activities in laser applications."
