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Business News
28 Oct 13
Soraa hires Jeff Parker as CEO

Seasoned technology executive with strong track record in lighting and photonics joins LED lighting pioneer.

25 Oct 13
FLIR details site closures as US government sales evaporate

Confusion over the ongoing impact of sequestration behind lowered sales guidance at imaging company.

23 Oct 13
Sales, profits up sharply at Cree

CEO of the LED maker hails impact of its consumer light bulbs, launched less than a year ago.

22 Oct 13
Zygo CEO Koliopoulos leaves company

Former chief Gary Willis to take over lead executive role at the optical metrology firm.

18 Oct 13
Ultratech hit by order push-outs

Lithography and laser system vendor swings to a net loss but sees ‘light at the end of the tunnel’.

17 Oct 13
Trumpf grows China footprint as sales reach new high

The laser and machine tool giant acquires a majority stake in both Jiangsu Jinfangyuan CNC Machine Company and German optics firm Ingeneric.

16 Oct 13
Russian venture fund invests in quantum encryption

QWave Capital buys $5.6 million stake in Swiss photonics firm ID Quantique.

16 Oct 13
Global optical modulator sales surpass $230m, will continue rising

Analyst ElectroniCast details changing fortunes of electro-optical and electro-absorption technologies as data rates ramp up.

16 Oct 13
Gooch & Housego snaps up Spanoptic

Acquisition adds to infrared optics and coatings expertise; supports growth of sub-systems business.

15 Oct 13
FLIR set to close six facilities

Cost-cutting will see consolidation of optics and laser production by thermal imaging giant as it reacts to US government ‘uncertainty’.

15 Oct 13
UK graphene maker set for London listing

Applied Graphene Materials aiming to expand annual production capacity to eight tonnes.

11 Oct 13
Packaged LEDs on brink of general lighting take-over

Analysts at IHS expect market to double to $7.1 billion over next three years.

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