optics industry report

Advanced Photonics acquires Texas Optoelectronics; Dynasil reports improved financial performance for 2002; Canon reaps record-breaking sales and profits; MORE...

Mar 1st, 2003

Advanced Photonics acquires Texas Optoelectronics

Advanced Photonix (Camarillo, CA) has acquired the outstanding capital stock of Texas Optoelectronics (Garland, TX) for the Purchase Price of 1 million shares of API's Common Stock and retirement of outstanding debt of $1.2 million. Texas Optoelectronics is a preferred military supplier for custom-designed displays, assemblies, training devices, and detectors for laser munitions. Texas Optoelectronics has also leveraged its experience within the military and aerospace markets to develop customized solutions for customers in other market segments, including medical systems, laboratory instrumentation, security, commercial and industrial automation.

Dynasil reports improved financial performance for 2002

Dynasil (West Berlin, NJ), manufacturer and reseller of synthetic fused silica for the semiconductor, laser, space and optical components industries announced revenues for the quarter ended Dec. 31, 2002, of $656,156, an increase of 3% over revenues of $638,581 for the quarter ended Dec. 31, 2001. A reported net loss for the quarter ended Dec. 31, 2002, was $31,000, an improvement of $54,058 over the loss of $85,058 for the quarter ended Dec. 31, 2001.

Canon reaps record-breaking sales and profits

Canon (Tokyo, Japan) reported fiscal year 2002 consolidated net sales of ×2,940.1 billion (US$24.45 billion), which represents a year-over-year increase of 1.1% over fiscal year 2001. The company also reported 2002 net income of ×190.7 billion (US$1.59 billion), which represents a year-over-year increase of 13.8%. Operating profit also advanced, improving 22.9% over fiscal year 2001. "For the year as a whole, while net sales increased only slightly by 1.1%, we achieved double-digit growth in both operating profit and net income despite the difficult economic climate," said Toshizo Tanaka, senior managing director and group executive for finance and accounting. "Boosted by this strong performance, we are able to report not only our third consecutive year of sales and profit growth, but also record annual sales and profits."

Welsh Agency plans optics incubator

The Welsh Development Agency (WDA; Cardiff, England) has announced plans for a national business incubation and research facility in St. Asaph, North Wales, dedicated to the growth of the optoelectronics industry. Known as OpTIC Technium, (Optronics Technology and Incubation Centre), the 82,000-sq-ft, US$21 million facility, scheduled for completion by Fall 2003, will include 24 incubator units, a state-of-the-art clean room and a technology center where researchers from industry and academia can combine talents to develop new products and processes. Additionally, conference, training, and restaurant facilities will enable OpTIC to become a national venue for science and technology.

Intense Photonics expands facilities

Intense Photonics (High Blantyre, Scotland) has expanded its capability with the addition of 1000 sq ft of clean room at its Scottish semiconductor fabrication facility. The new area provides additional optoelectronic life test, assembly, and packaging development. Equipped with a full suite of assembly and test tools including GSI Lumonics' latest galvo-laser welder systems, the new fabrication space completes the semiconductor production capability at the High Blantyre site.

For more business news, subscribe to Optoelectronics Report. Contact Jayne Sears-Renfer at jaynesr@pennwell.com.

Also in the news . . .

The Matheson Tri-Gas (Parsippany, NJ) Electronics and Specialty Gas Group has completed the expansion of a new facility in LaPorte, TX to produce ultra-high purity Ammonia. . . . The Santa Clara Valley Chapter of the IEEE Lasers & Electro-Optics Society (LEOS) and The Optical Society of Northern California (OSNC) have established a Silicon Valley Optics Education website at www.ewh.ieee.org/r6/scv/k-12/optics.html "to facilitate the dissemination of optics and photonics information; for teachers, volunteers, donors, science museums, science education facilitators, and policy makers.". . . Thomas Swan Scientific Equipment (Swavesey, Cambridge, England) is completing the installation of a 3 × 2" CCS GaN MOCVD at Harvard University in the Nanoscience and Nanotechnology Research Center for the growth of a broad range of nitride based nanoscale photonic and electronic structures. . . . New Focus (San Jose, CA) announced the expansion of its laser product portfolio to include fixed-wavelength lasers in violet (405 nm), blue (475 nm), green (532 nm), and red (635 nm) wavelengths. The company has also announced it has recently shipped its 4000th tunable laser. . . . Newport (Irvine, CA) reported a loss from continuing operations for the fourth quarter of 2002 of $4.3 million compared with income from continuing operations of $1.9 million in the corresponding prior year period.

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