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On February 5, 2025, Innoviz Technologies, an Israeli laser radar listed company, announced operational optimization measures to extend the duration of the company's cash reserve usage and accelerate profitability and free cash flow generation. To maximize efficiency, the company will reduce investment in developing mature areas. These measures will result in a reduction of approximately 9% in the...
Recently, Haemantics Corporation, which focuses on providing innovative medical solutions with proprietary optical technology, announced that the company has reached a final agreement. According to the agreement, Haemonics will acquire all outstanding shares of Canadian fiber optic sensor manufacturer OpSens for CAD 2.90 per share.This is an all cash transaction with a fully diluted equity value o...
Sivers Semiconductors AB announced that its subsidiary Sivers Photonics has received a new order worth $1 million for advanced optical sensing products from three customers in the fields of LiDAR, Medical, and Industrial.In the first half of the fourth quarter of 2023, new orders were received from several US clients, which will lead to the manufacturing of advanced lasers and optical amplifiers f...
On January 13, 2025, Thorlabs announced the acquisition of long-term partner Praevium Research, a developer of high-speed tunable VCSEL. In the future, Praevium will continue to operate as a department of Thorlabs under the name Praevium Research at its existing locations in California, while retaining its current leadership.It is understood that Christopher Burgner will serve as the general man...
The ZEUS laser at the University of Michigan recently achieved a breakthrough of doubling the peak power of the strongest laser in the United States through its first 2 quadrillion watt experiment. Although this instantaneous power only lasts for 25 attosecond (one billionth of a second), it exceeds the total power of the global power grid by more than a hundred times.Karl Krushelnick, director of...