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It is reported that Stratasys Ltd. (NASDAQ: SSYS) announced on February 2nd that it has received a $120 million investment from Fortissimo Capital, an Israeli private equity firm. This transaction directly purchases 11.65 million newly issued shares at a price of $10.30 per share, representing a premium of 10.6% compared to the company's closing price on January 31, 2025. As of press time, it has ...
New York Governor Kathy Hochul announced last week that Pensievision emerged as the winner of the eighth cohort of the Luminate NY Optics, Photonics, and Imaging (OPI) Startup Accelerator Competition. The San Diego, California-based company was honored as the “Company of the Year” at the Luminate NY 2025 Finals held in Rochester on October 22. The finals were part of SPIE Optifab, the annual confe...
On February 11th, global industrial fiber laser giant IPG Photonics announced its financial performance for the fourth quarter and full year of 2024. Annual sales have fallen below the $1 billion mark for the first time, with a year-on-year decline of 24% and a pre tax loss of up to $162 million. As an industry leader, IPG's financial report not only reflects the deep adjustment faced by the ind...
IPG Photonics Corporation, a global leader in fiber laser technology, will highlight new and innovative laser solutions at the Battery Show from September 12 to 14, 2023 in Novi, Michigan, USA.The IPG booth will include industry-leading fiber laser sources and automated laser systems for electric vehicle battery welding applications.New laser technology pushes the limits of battery welding speedTo...
Recently, several large trucks from the Wenzhou factory of Pentium Laser were lined up and ready to go. The high-power and high-speed laser cutting automation production line developed and produced by Pentium Laser has been strictly inspected and accepted by Japanese customers for 15 days and 24 hours of uninterrupted operation. Today, it was loaded and sent to Japan. This laser cutting automati...