Imaging & Detector Industry Report
Coreco shares skyrocketed shortly after the maker of image-processing technology said it would be purchased for Can$72 million (US$58.
DALSA to acquire Coreco
Coreco shares skyrocketed shortly after the maker of image-processing technology said it would be purchased for Can$72 million (US$58.5 million) by Dalsa (Waterloo, ON, Canada), which makes image sensor equipment.
Raymond James analyst Sera Kim said the deal is consistent with Dalsa’s acquisition strategy to add complementary technology, enter new markets, and add to earnings within one year.
Coreco, which will become a separate operating division of Dalsa, makes hardware and software for the computer vision industry. Its image-processing boards are used by computers to process and analyze images. Dalsa makes CCD and CMOS image sensor chips and digital cameras.
Strong attendance marks first-ever global FPD summit
The inaugural Global Flat Panel Display Partners Conference (GFPC) achieved extremely promising progress in promoting cooperation among executives within the Flat Panel Display (FPD) industry, according to Semiconductor Equipment and Materials International (SEMI).
About 160 CEOs, presidents and senior-level executives from more than 10 countries convened from Feb. 27 to March 2 in Nago City (Okinawa, Japan) at the exclusive FPD gathering to discuss the hurdles associated with the business, manufacturing and technologies of the display industry.
Grant for noninvasive cervical cancer detection
SpectRx (Atlanta, GA) is partnering with Emory University (Atlanta, GA) as part of a grant to Emory from the Georgia Research Alliance to support United States Food and Drug Administration clinical trials of a noninvasive cervical cancer detection device. The $64,700 matching grant will be used for the clinical trial of the SpectRx-developed technology at Grady Memorial Hospital under the guidance of Lisa Flowers of Emory University.
The cervical-cancer detection device uses proprietary technology to identify cancers and precancers painlessly and noninvasively by analyzing light reflected from the cervix. The technology distinguishes between normal and diseased tissue by detecting biochemical and morphological changes at the cellular level.
Cambridge and Toppan initiate phase two of joint program
Cambridge Display Technology (CDT) and Toppan Printing (Tokyo, Japan) have commenced Phase Two of their joint program to explore alternative printing processes for the fabrication of displays based on light emitting polymer (PLED) technology. Phase One, completed at the end of 2004, concentrated on proving the feasibility of using a roll printing process to deposit light-emitting polymer materials onto a glass substrate to enable device manufacture based on roll-to-roll (R2R) processing with low costs of production. Phase Two focuses on the performance of roll-printed displays. It aims to produce displays by roll printing which have lifetime, efficiency, and color fidelity comparable to displays produced by ink-jet printing.
Michigan Aerospace awarded multiyear 3-D sensor software contract
Michigan Aerospace (Ann Arbor, MI), a provider of optical products and advanced engineering services, received a $600,000, two-year contract jointly funded by the National Aeronautics and Space Administration (NASA), Johnson Spaceflight Center (JSC), and the Defense Advanced Research Projects Agency (DARPA), to develop image-processing algorithms for three-dimensional (3-D) sensors.
The 3-D image processing software and hardware will be applicable to space applications, such as autonomous rendezvous and docking of spacecraft, space situational awareness, and future Moon and Mars initiatives. The technology can also be used for other defense applications such as face recognition and obstacle avoidance, as well as commercial applications in the broadcast industry, gaming, and biomedical communities.
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Three-Five Systems (Tempe, AZ), a manufacturer of custom displays and display systems using LCD and LCoS microdisplay technology, is planning a number of actions to reduce operating costs and excess manufacturing capacity, including relocation of its corporate headquarters from Tempe, AZ, to Redmond, WA. . . . Webview (Santa Rosa, CA), a provider of machine-vision technologies and products, has purchased all of the assets and intellectual property of the Spectrum Vision System for inspection of food and other products from Advanced Technologies, formerly located in Palm Harbor, FL. . . . B&W TEK (Newark, DE), a manufacturer of analytical spectrometers and other industrial instrumentation, received a minority investment from Summit Partners, a leading private equity and venture capital firm with more than $5.5 billion in capital under management, enabling them to focus on growth through its existing customers while also expanding into new applications and markets.