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TeraView doubles annual sales to £2.5 million

17 Nov 2016

Terahertz technology specialist matches growing global markets with more products and support.

TeraView, a developer of terahertz technology and solutions has announced further growth in its installed instrument base as well as some new terahertz applications. The company has deployed over 100 systems in the field.

TeraView’s systems are typically used by research laboratories and at production facilities worldwide. Key industrial applications include the pharmaceutical, automotive and semiconductor packaging industries.

Teraview’s turnover for the year to April 2016 rose by more than 140% to almost £2.5 million, with gross profit also more than doubling to £1.1 million. Pre-tax losses for the same period also increased to £3.0 million from £2.2 million.

The company said sales were driven by the introduction of the TeraPulse terahertz imager and spectrometer, and coinciding with the launch of the EOTPR 5000, the automated terahertz system for inspecting semiconductor packaging.

During the past year the company sold more than 30 systems into the US, Far East and Europe. China and Korea have been key markets for analytical sales, and in Europe there has been success in France and the UK.

TeraView has continued to innovate and expand its system deployment into different industries and countries, with repeat sales to a technologically diverse customer base. This expansion has led to recent appointments of TeraView agents in Russia, South Korea, Taiwan and Japan.

New models

Spokesman Alun Marshall told optics.org, “We continue to develop products for both R&D and industrial markets. New modules extending the capability of our Terapulse range will be launched in the first half of 2017, as will new industrial products.

“We have continued to expand our distributor base, forming new partnerships in 2016 in Russia, Japan (Sanyo Trading) and Taiwan (Ace Solutions). We have also established direct technical support in the USA and Asia to augment our team in Europe. The company is planning further recruitment in 2017 to provide customers with additional support.”

Dr Don Arnone, TeraView’s CEO commented, “The fact that we have now sold over 100 turn-key systems into applications in both R&D and industrial inspection is a milestone not just for TeraView, but for the expansion of terahertz technology itself. This expansion is based on close collaboration with our customers, researchers and development engineers across the world, and demonstrates the global footprint that terahertz technology now has across a range of industries and scientific disciplines.”

Terahertz applications

TeraView has also demonstrated the potential of terahertz technology in a number of applications including the detection of hidden weapons and explosives in security screening, monitoring the quality of pharmaceutical drugs, high value coatings used in automotive and other industries, as well as medical imaging of cancer.

In the semiconductor industry, Electro Optical Terahertz Pulse Reflectometry (EOTPR) is the world’s first use of terahertz to isolate the location of faults and manufacturing quality variations in integrated circuit packaging. EOTPR has been widely accepted by the leading semiconductor manufacturers as their tool of choice for non-destructively isolating defects in advanced integrated circuit packages.

Iridian Spectral TechnologiesFirst Light ImagingLASEROPTIK GmbHCHROMA TECHNOLOGY CORP.Hyperion OpticsMad City Labs, Inc.HÜBNER Photonics
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