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Business News
18 Oct 18
ASML positive on 2019 prospects

Lithography giant’s stock makes gains on upbeat outlook for equipment sales next year and introduction of new higher-throughput EUV tool.

11 Oct 18
China's RoboSense raises $45M for auto lidar development

Shenzhen company attracts backing from some major players in domestic automotive industry.

10 Oct 18
Wall Street blues: Ra Medical slips back after $68M IPO

Recently NYSE-listed California firm has developed an excimer laser treatment for clearing blocked arteries.

10 Oct 18
L3 wins $454M 5-year deal to supply US Army with drone sensors

WESCAM MX-10D systems destined for US Army's Shadow UAV Program; the largest ISR contract in L3's history.

10 Oct 18
Berliner Glas splashes €30M to expand production capacity

Investments this year will see extended workspace, new cleanrooms and 10% boost for staffing, to meet growing demand.

09 Oct 18
CMOS image sensor sales ‘set for further strong growth’ – analyst

Yole Dévelopement raises CIS forecasts again through 2022 with growth seen in all segments except computing.

09 Oct 18
Lidar firm SOS Lab lands $6M

Korean startup is the latest to target the future market for autonomous driving; auto parts giant and Hyundai among early backers.

09 Oct 18
Laser materials processing specialist 4JET raises €15M for expansion

Venture capital round and company reorganization completed in response to ‘surging’ demand for laser machines used in automotive sector.

08 Oct 18
IPG stock price slumps as tariffs bite

Stock price dives 14% as fiber laser maker suggests it may miss its already-revised full-year growth target.

03 Oct 18
Novanta completes purchase of Laser Quantum in $45m deal

Acquires remaining 24% of outstanding shares, following its 76% buy-in, last year.

03 Oct 18
Earnings on the rise at Lumibird

Executive team at former Quantel-Keopsys business remain confident of hitting €100M sales target for 2018.

26 Sep 18
Isorg raises €24M for organic photodetector ramp

Grenoble-based CEA spin-out looks to target applications in consumer electronics as it shifts to mass production.

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