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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...
On February 3, 2025, Lumentum Holdings has appointed Michael Hurlston as its President, CEO, and Director, effective from February 7. Hurlston replaces Alan Lowe, who has been serving as the company's President and CEO since 2015. Lowe will continue to serve as a member of Lumentum's board of directors and as a consultant to the company.Lumentum is a major supplier of high-speed optical transceive...
On August 6th local time, Luminar, a leading publicly traded company in the field of LiDAR, announced a $422 million debt restructuring and raised $100 million in new capital. This measure marks Luminar taking solid steps in optimizing its capital structure and enhancing its financial stability.In early May this year, this laser radar manufacturer released an open letter disclosing a major strateg...
Q.ANT, a developer of artificial intelligence and high-performance computing (HPC) photonic processing systems, announced the completion of the second round of its Series A financing, reportedly valued at $18 million. The investment was led by Duquesne Family Office LLC, the investment firm of Stanley F. Druckenmiller. The increase brings Q.ANT’s total funding to US$80 M – claimed to be the larges...
The Near Infrared Red Planet Search Alliance, jointly managed by the Department of Astronomy at the University of Geneva and the University of Montreal, has received cutting-edge advances in CSEM laser frequency comb technology.The laser frequency comb is a precise and stable light source designed to help the NIRPS alliance unravel the mysteries of distant planets, including the possibility of sea...