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Recently, Aerotech Inc., a global leader in precision motion control and automation, launched the ultimate cylindrical laser machining motion platform LaserTurn160. LaserTurn160 is designed for unparalleled precision and efficiency, with a 40% increase in production capacity compared to similar systems, setting a new standard for medical device manufacturing. Extremely high efficiency, unparalle...
Recently, Markets And Markets released a five-year assessment report on the global laser industry. According to the report, the global laser technology market is expected to reach $20 billion by 2024 and is projected to reach $29.5 billion by 2029, with a compound annual growth rate of 8.0% during the forecast period.Global Laser Technology Market ForecastThe reasons for market growth include: the...
At the UpakExpo 2024 exhibition to be held in Moscow at the end of January, Chinese company Golden Laser will showcase for the first time two laser die-cutting machines focused on the printing, labeling, and packaging markets in Russia.The Golden Laser LC350 is a web machine designed to handle labels printed on digital and flexographic printing machines. It can cut, die cut, and kiss cut paper, pl...
In what has been described as the "first communication", Swedish researchers conducted 3D printed quartz glass micro optical devices on the tip of optical fibers. They said that this progress could lead to faster Internet and better connectivity, as well as innovations such as smaller sensors and imaging systems.Scientists from the KTH Royal Institute of Technology in Stockholm have stated that co...
On August 16, Coherent, an American laser system solutions provider, announced its fiscal year 2023 and fourth quarter results for the year ended June 30, 2023. This is also the first annual report released after the merger of II-VI and Coherent.Fiscal year 2023 revenueCoherent reported revenue of $5.16 billion for the full fiscal year 2023, up 56% year over year.By business unit, the Networking b...