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Latest news: Rheinmetall and European Missile Group Germany plan to establish a joint venture to develop shipborne laser weapons.The cooperation between the two companies in the field of military laser technology has been ongoing for several years. In 2022 and 2023, under the framework of the High Energy Marine Laser Demonstration Working Group (ARGE), the jointly developed laser was successfully ...
Recently, Coherent, an American laser system solution provider, announced that all of the company's ultra fast laser business, including the manufacturing of all picosecond and femtosecond lasers, will be unified in one place: the Ultra Fast Center of Excellence in Glasgow, Scotland.Previously, Coherent's Ultra Fast Center of Excellence located in Glasgow was already a state-of-the-art mass produc...
The global laser processing market is expected to grow from $4.2 billion in 2023 to $7.73 billion in 2031, with a compound annual growth rate (CAGR) expected to reach 8.1% during this forecast period. According to DataM Intelligence Comprehensive Report has released its latest report on the "Laser Processing Market Size 2025," providing a detailed analysis of market trends, key growth drivers, c...
On November 25th, Optimax, the largest precision optics manufacturer in the United States, announced the appointment of Joseph Spilman as CEO and Pete Kupinski as President. After developing a comprehensive succession plan, Optimax CEO Rick Plympton will retire along with President and Founder Mike Mandina.Mandina stepped down in 2021 and passed on the title of CEO to Spilman, strategically appo...
Hanbit Laser, a South Korean laser equipment manufacturer, has recently completed an important step in its strategic layout for the Southeast Asian market. Recently, the company officially opened a laser application center in Hanoi, Vietnam, and entered the local mid to low price equipment market by integrating laser technology and automation solutions. This is a substantial progress in implementi...