San Diego, CA--Daylight Solutions has closed a $15M Series C equity financing with Northrop Grumman Corporation (Los Angeles, CA; NYSE: NOC) as the lead investor, together with several of the company’s existing investors. Daylight Solutions is best-known for its quantum-cascade (QC) laser technology, which is the basis for Daylight's molecular-detection and imaging systems used in defense, research, industrial process control, medical diagnostics, environmental monitoring, and other uses.
The QC-laser sources produced by Daylight Solutions are compact, rugged light sources suitable for molecular detection and imaging applications in the mid-wave and long-wave IR wavelength ranges. The company has several hundred commercial laser systems already manufactured and delivered into a wide range of markets. One example is the company’s JammIR family of laser products for IR countermeasures (IRCM).
"We are pleased to receive this additional endorsement of our technology and capability from a market leader such as Northrop Grumman," said Daylight Solutions chairman and CEO Timothy Day.
"Our investment in Daylight Solutions serves as an acknowledgement of their leadership position in QCL-based products, and reflects our commitment to deliver best-in-class solutions to our customers in support of our warfighters," added Jeff Palombo, sector vice president and general manager of Northrop Grumman’s Land and Self Protection System division.
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