Optoelectronics Report articles from March 2003

Optoelectronics Report archives from March 2003

Moore's Law thrives despite tough times.
March 15, 2003... SANTA CLARA, CA--The 2003 SPIE Microlithography meeting, like much of the optoelectronics and high tech industries of late, was understandably absorbed in existential questions. The tragedies, disappointments, and ongoing anxieties of the...

OE funding gives Scottish economy a boost.(optoelectronics company, Essient Photonics )
March 15, 2003... LANARKSHIRE, SCOTLAND--For a country that boasts of inventors such as Alexander Graham Bell, James Clerk Maxwell, and James Watt, it is surprising that Scotland still struggles to prosper economically. In spite of strong tourism and...

MEMS manufacturer OMM closes its doors.
March 15, 2003... SAN DIEGO, CA--Despite months of efforts to secure additional funding, OMM, a leading supplier of MEMS-based optical switch array modules, ceased operations on March 7. The shutdown affects all 85 remaining employees. OMM, originally...

Focus on. (News Briefs).(SpectRx has sold its BiliChek product line to Respironics )(Brief Article)
March 15, 2003... SpectRx (Norcross, GA) has sold its BiliChek product line to Respironics (Murrysville, PA) for $4 million, with an additional $1 million after current product development work is done. Additionally, Respironics could pay up to $6.5 million in...

Series B. (News Briefs).(Zia Laser has received $5.4 million in Series B equity financing )(Brief Article)
March 15, 2003... Zia Laser (Albuquerque, NM), a developer of quantum dot 1310- and 1550-nm diode-laser technology, received $5.4 million in Series B equity financing co-led by Prism Venture Partners and the RWI Group. The funding will enable the company to...

Zygo expands LLNL relationship.(Lawrence Livermore National Laboratory)
March 15, 2003... MIDDLEFIELD, CT--Zygo Corporation has received another contract award from Lawrence Livermore National Laboratory (LLNL), this time for 94 precision opto-mechanical assemblies to be installed in the National Ignition Facility (NIF) being...

Consolidation creates Covega.(the merger of Codeon and Quantum Photonics)(Brief Article)
March 15, 2003... JESSUP, MD--Reflecting a trend in venture capitalists looking for new ways to see a return on investments in the telecom arena, two optical component companies that are part of the OCG Venture portfolio have merged into a new company they...

Multisource agreements. (News Briefs).(tunable lasers)(Brief Article)
March 15, 2003... Princeton Optronics (Princeton, NJ) has joined Agility, Alcatel Optronics, and Bookham Technology in a multisource agreement (MSA) to provide equipment manufacturers with standardized tunable laser modules for DWDM applications. The MSA...

Big order. (News Briefs).(DALSA Corporation receives order for image sensors)(Brief Article)
March 15, 2003... DALSA Corporation (Waterloo, Ontario, Canada) has received a production order for image sensors from "a leading producer of broadcast television cameras" totaling over $5.5 million. The order is expected to be delivered over the next 36...

Third round. (News Briefs).(Teem Photonics raises funds)(Brief Article)
March 15, 2003... Teem Photonics (Grenoble, France), a provider of compact photonic solutions for high-bandwidth optical networks, raised [euro]10 million (US$11 million) in third round funding. Paris-based CDC IXIS Innovation led the round, joined by private...

OLED displays. (News Briefs).(organic light-emitting diode )(Brief Article)
March 15, 2003... Vitex Systems (San Jose, CA) is partnering with Samsung SDI (Seoul, South Korea) to manufacture OLED-based displays for the mobile device market. During the initial phase of this joint development effort, Samsung will provide funding for the...

Busting out. (News Briefs).(JPSA Laser to double its floor space and expand operations)(Brief Article)
March 15, 2003... JPSA Laser (Hollis, NH) plans to double its floor space and expand operations in response to increasing demands for its products and contract services. JPSA Laser operates a high-performance UV laser job shop as well as a systems engineering...

New division. (News Briefs).(Edmund Optics)(Brief Article)
March 15, 2003... Edmund Optics (Barrington, NJ) has opened a new sales/customer service/technical support center that will function as a division of Edmund Optics Singapore and be located in the existing Edmund Optics manufacturing facility in Singapore. The...

NeoPhotonics buys Lightwave Microsystems' assets.
March 15, 2003... SAN JOSE, CA--NeoPhotonics is on a roll. Since raising $35 million last June in an over-subscribed round of funding, the developer of nanomaterials used in planar lightwave circuits (PLCs) and other photonics technologies and products has...

SBIR contract. (News Briefs).(Special Optics has won a Phase I SBIR contract from the U.S Army to design and build a motorized zoom lens)(Brief Article)
March 15, 2003... Special Optics (Wharton, NJ) has won a Phase I SBIR contract from the U.S Army to design and build a motorized zoom lens for long-range missile imaging. Leading the program is J. Michael Finlan, business development manager. As part of its...

New VP. (News Briefs).(Lumenis appointed Wade Hampton executive vice president of the Medical Business Unit)(Brief Article)
March 15, 2003... Medical-laser manufacturer Lumenis (Yokneam, Israel) appointed Wade Hampton executive vice president of the Medical Business Unit. Hampton was formerly vice president of international for Coherent Medical Group when it was acquired by Lumenis...

Favorable decision. (News Briefs).(rbitration panel decided in favor of medical-laser manufacturer Candela in its dispute with Physician Sales & Service)(Brief Article)
March 15, 2003... An arbitration panel has decided in favor of medical-laser manufacturer Candela (Wayland, MA) in its dispute with Physician Sales & Service. The panel awarded Candela $2.2 million for unpaid amounts previously invoiced, which Candela earlier...

Financial Scoreboard.(New Focus Inc.)(GSI Lumonics Inc.)(Newport)
March 15, 2003... Financial Scoreboard Fiscal End Company year Period date Revenues Income New Focus 2002 Q4 12/29/02 $7.4 million ($9.7 million) San Jose, 2001 Q4 ...

Optoelectronics Report 40.(stock prices)(Illustration)
March 15, 2003... Optoelectronics Report 40 52-week Company Ticker Feb. 26 Mar. 11 Low High ADC Telecom ADCT 2.14 2.13 1.02 4.34 Agere...

OLED camera. (News Briefs).(Brief Article)
March 15, 2003... Eastman Kodak (Rochester, NY) has unveiled a digital camera that is the first consumer product with a full-color OLED screen. Kodak and its Japanese partner, Sanyo Electric (Tokyo, Japan), began making the next-generation screens in February...

MOEMS contract. (News Briefs).(Xerox Corp-led consortium awards contract to Corning IntelliSense )(Brief Article)
March 15, 2003... Corning IntelliSense (Wilmington, MA) has been chosen to manufacture MOEMS devices by a consortium led by Xerox Corporation. The consortium, which also includes Microscan Systems and Coventor, is part of a $14 million, five-year, cost-shared...

Break-even. (News Briefs).(Brief Article)
March 15, 2003... According to Reuters, JDS Uniphase (San Jose, CA) is working to reach a cash-flow break-even target of $200 million in quarterly sales by the end of calendar 2003. During a recent investment conference, Foster said the world's largest...

Security pact. (News Briefs).(Competitive Technologies sigsn deal with Schott Fiber Optics)(Brief Article)
March 15, 2003... Competitive Technologies (Fairfield, CT), licensing agent for the University of Connecticut's (UCONN) Secure Ultrafast patented encryption and authentication technology for optical network security, has signed a memorandum of understanding to...

From the Editors.(Editorial)
March 15, 2003... Optoelectronics is the technology of systems and devices that emit, modulate, transmit, or sense light. Optoelectronic devices include lasers and other light sources, optics, fiberoptic components, detectors, displays, and imaging devices....

From the editors.(Editorial)
March 1, 2003... Optoelectronics is the technology of systems and devices that emit, modulate, transmit, or sense light. Optoelectronic devices include lasers and other light sources, optics, fiberoptic components, detectors, displays, and imaging devices....

CyOptics expands InP offerings with CENiX buy.
March 1, 2003... WALTHAM, MA -- CyOptics, a developer of indium phosphide (InP) optical components, is looking to "turbo-charge" the optoelectronics industry with its purchase of certain assets of CENiX (Allentown, PA). Financial terms of the acquisition were...

Coherent to acquire Positive Light.(Brief Article)
March 1, 2003... SANTA CLARA, CA -- Coherent has signed a definitive purchase agreement to acquire Positive Light (Los Gatos, CA) for an undisclosed amount of cash. The transaction is expected to close by the end of March. Positive Light will continue to...

Solid-state lighting bounces back.(high-brightness LEDs; demand grows)
March 1, 2003... SAN MATEO, CA -- Coming out of a zero-growth year during the economic doldrums of 2001, the market for high-brightness LEDs grew by 50% to $1.8 billion last year driven mainly by growth in the mobile phone market, according to Robert Steele,...

More cutbacks. (News Briefs).(Agilent Technologies Inc.)(Brief Article)
March 1, 2003... More cutbacks: Agilent Technologies (Palo Alto, CA) plans to cut an additional 4000 jobs, or 11% of its workforce, in the wake of first-quarter losses of $369 million, or $0.24/share. The company eliminated 2500 jobs in November and 8000 jobs...

Final numbers. (News Briefs).(Photonics West attendance statistics)(Brief Article)
March 1, 2003... Final numbers: Contrary to what was reported in the Feb. 15 Optoelectronics Report, total attendance at this year's Photonics West meeting in San Jose, CA, was 13,250-3500 technical attendees, 3550 exhibit reps, and 6000 exhibit-only...

Series B. (News Briefs).(Eblana Photonics financing)(Brief Article)
March 1, 2003... Series B: Eblana Photonics (Dublin, Ireland), a provider of advanced laser products for broadband access communications, has announced that the company has secured a $4.5 million investment in a Series B fundraising. The latest investment was...

U.S. office. (News Briefs).(TOPTICA Photonics AG)(Brief Article)
March 1, 2003... U.S. office: TOPTICA Photonics AG (Munich, Germany), a supplier of customized diode-laser products, has opened a U.S. office for sales and OEM customer support. TOPTICA Photonics is based in Westfield, MA, and is headed up by Alain Bourdon,...

VCSEL arrays find niche in proteomics.(Protiveris Inc.'s vertical-cavity surface-emitting laser modules)
March 1, 2003... WEST HARTFORD, CT -- While estimates vary and some analysts warn that the biotech market is "sagging," recent reports indicate that the proteomics market remains in a strong growth phase. According to a new report from Multimedia Research...

Corning continues to trim photonics business.
March 1, 2003... CORNING, NY -- Corning is again making good on its promise to reduce losses in its photonics business by narrowing product lines, reducing fixed costs, and cutting jobs and capacity (see OER, January 15, 2003). The company plans to...

Bandwidth9 suspends operations, seeks partner.(Brief Article)
March 1, 2003... FREMONT, CA -- Bandwidth9, a privately held firm that makes VCSEL-based components for metro fiberoptic networks, has suspended its business operations while it seeks "strategic partners." The company intends to seek long-term opportunities...

Eyesafe laser. (News Briefs).(Quantum Group)(Brief Article)
March 1, 2003... Eyesafe laser: Quantum Group (San Diego, CA) has implemented a new eyesafe microlaser originally conceived, designed, and developed by the U.S. Army CECOM RDEC Night Vision and Electronic Sensors Directorate (NVESD; Fort Belvoir, VA). The...

OLED license. (News Briefs).(organic light-emitting diode display; Eastman Kodak Co. and Samsung NEC Mobile Display Company Ltd.)(Brief Article)
March 1, 2003... OLED license: Eastman Kodak (Rochester, NY) has granted another royalty-bearing license of its organic light-emitting diode (OLED) display, this time to Samsung NEC Mobile Display Co., Ltd. (SNMD). The license also includes SNMD's parent...

Sublicense pact. (News Briefs).(Clark-MXR Inc. and Translume Inc.)(Brief Article)
March 1, 2003... Sublicense pact: Clark-MXR (Dexter, Ml) has signed a sublicense agreement to U.S. Patent RE 37,585, and foreign counterparts, with Translume (Ann Arbor, Ml). The agreement applies exclusively to a field-of-use application in the...

Additional investment. (News Briefs).(Corona Optical Systems Inc.)(Brief Article)
March 1, 2003... Additional investment: Corona Optical Systems (Lombard, IL), a provider of parallel optical modules, raised $7.5 million in its Series B round of funding. Led by Megunticook Management and Sterling Holding Company, the round also includes new...

Gillette partners with Palomar on hair removal.(Palomar Medical Technologies Inc.; home-use hair removal device for women)(Brief Article)
March 1, 2003... BURLINGTON, MA -- One of the biggest names in shaving is investing in the next generation of hair removal. Palomar Medical Technologies and the Gillette Company (Boston, MA) have signed an agreement to complete development and potentially...

LEDs emerge for aesthetic applications.(Enfis and Light BioScience L.L.C.)(Brief Article)
March 1, 2003... SWANSEA, ENGLAND -- At least two companies are now offering LED-based systems for use in aesthetic applications. These products could compete with more expensive laser-based systems for the treatment of wrinkles and acne. Enfis has...

Coating startup. (News Briefs).(Applied Multilayers Ltd.)(Brief Article)
March 1, 2003... Coating startup: Applied Multilayers (Kidderminster, UK) has been formed to offer a range of optical coating equipment using "closed field" reactive sputtering technology. Finance for the company has been raised privately through Catapult...

U.S. office: Opto Speed a developer, manufacturer, and marketer of optoelectronic modules for the communication, test & measurement, medical, and defense markets. (News Briefs).(Brief Article)
March 1, 2003... U.S. office: Opto Speed (Ruschlikon, Switzerland), a developer, manufacturer, and marketer of optoelectronic modules for the communication, test & measurement, medical, and defense markets, has established a U.S. sales office in Alviso, CA....

New president. (News Briefs).(Automated Imaging Association elects John Stack)(Brief Article)
March 1, 2003... New president: John Stack, president and COO of Edmund Industrial Optics (Barrington, NJ), has been named president of the Automated Imaging Association for 2003-2004. John was elected by his fellow members of the AIA Board of Directors to...

Nippon EMC. (News Briefs).(creates NEMC America Ltd. )(Brief Article)
March 1, 2003... U.S. office: Nippon EMC (Tokyo) has established a U.S. subsidiary sales office in Las Vegas, NV, under the name NEMC America Ltd. The NEMC MOVPE systems are being introduced to the U.S. market beginning in March 2003. Systems suitable for...

SBIR award. (News Briefs).(NP Photonics receives Missile Defense Agency phase II Small Business Innovation Research contract )(Brief Article)
March 1, 2003... SBIR award: NP Photonics (Tucson, AZ), a supplier of optical components and modules for sensing and telecommunications, has been awarded a Phase II Small Business Innovation Research (SBIR) contract by the Missile Defense Agency (MDA). Worth...

NCI grant. (News Briefs).(SpectRx receives National Cancer Institute grant)(Brief Article)
March 1, 2003... NCI grant: SpectRx (Norcross, GA) has won a $1.4 million grant award from the National Cancer Institute (NCI) to support the development of its noninvasive cervical cancer detection device. The grant will be primarily used to help fund the...

Optoelectronics Report 40.(stocks)
March 1, 2003... Optoelectronics Report 40 52-Week Company Ticker Feb. 10 Feb. 26 Low High ADC Telecom ADCT 2.45 2.14 1.02 4.45 Agere...