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Sivers Optics, a subsidiary of Sivers Semiconductors, has signed a product development agreement with an undisclosed company.Starting from the initial contract worth $1.3 million, the prototype will be delivered in 2024, and it is expected that the agreement will grow rapidly in 2025 before transitioning to mass production. After entering full production, customers expect the annual chip productio...
On August 19th, local time, LIS Technologies, a U.S.-based developer of laser uranium enrichment technology, announced the latest closing of an $11.88 million seed round of financing. According to reports, LIS Technologies is a company focused on developing advanced laser technology and is the only U.S.-based laser uranium enrichment company to hold a homegrown patent. The round attracted a numb...
Recently, the Italian laser pipe processing group BLM Group announced the launch of an LT-Free five axis laser cutting system that can be used for laser cutting and processing of any three-dimensional metal profile, including bending forming, hydraulic forming, extrusion forming, deep drawing forming, flat or stamped forming of pipe fittings or plates.This five axis laser cutting system can provid...
According to the latest news, on June 3, 2024, Coherent Corp. appointed Jim Anderson as CEO and he will also become a member of the board, replacing Vincent "Chuck" Mattera.Image source: CoherentAnderson (left) Mattera (right)Dr. Vincent "Chuck" D. Mattera, Jr. previously notified the Coherent Board of Directors on February 20, 2024, stating that he would resign from the position of CEO upon his ...
3D printing company Micronics announced the launch of its new Micron desktop selective laser sintering (SLS) 3D printer.The company stated that Micron is priced at $2999 and aims to bring industrial grade 3D printing capabilities to desktops for professionals and hobbyists. One of the main features of Micron is its ability to print complex objects without the need for supporting structures. This i...