09 Aug 2002
Including news from Rofin-Sinar Technologies, TIR Systems, LumiLeds, Rockwell Scientific and more.
• Rofin-Sinar Technologies, the German maker of industrial lasers, has posted third quarter net sales of $ 55.6 million, an increase of 4% from the previous quarter and 2.7% year-on-year. Quarterly net income fell to $ 1.2 million compared with $ 2.4 million in the third quarter of 2001.
• Canada-based TIR Systems has won a C$ 9.9 million contract to supply gasoline giant BP with LumiLeds "ChipStrip" solid-state lighting products. TIR will expand existing facilities and hire new staff to cope with the order. In March 2002, TIR teamed up with LumiLeds to market and provide sales support for the product line.
• Rockwell Scientific, US, has won two $ 2.2 million contracts to fabricate 2048 x 2048 infrared sensor chip assemblies for ground-based telescopes. Sets of four focal plane arrays will be tiled into a 2 x 2 matrix totalling 4096 x 4096 pixels. One array will be deployed on the wide-field infrared camera at a telescope in Mauna Kea, Hawaii and the other in the adaptive optics near-infrared imager on Gemini South in Chile.
• Three-Five Systems, a US-based developer of near-to-eye microdisplays, has partnered with Accupix of Korea. Accupix will offer optical module designs and provide local optics and electronics support for Three-Five's customers in the Korean market.
• Goodman of Japan, a maker of vascular devices such as catheters, has bought LightLab Imaging, US for an undisclosed sum. LightLab, which develops optical coherence tomography systems, will become a wholly owned subsidiary of Goodman.
• StockerYale, a supplier of photonics-based products, has posted second quarter net revenues of $ 3.5 million, a 21% increase from the previous quarter. Operating losses declined to $ 3.8 million, a 15% improvement from the first quarter figure of $ 4.5 million.
• Dalsa has reported total revenues for its second quarter of $ 32 million, up 132% from the $ 13.7 million posted in the same quarter last year. Dalsa chief executive officer Savvas Chamberlain said: "In addition to this acquisition-driven growth, our positive year-on-year growth is a welcome signal of returning strength in our traditional markets. The outlook for continued growth and profitability looks good."