Optics Industry Report
Ametek buys IRAS from PerkinElmer; Intense Photonics partners with IQE; LightPath looks toward positive earnings in Q4...
Intense Photonics partners with IQE
Intense Photonics (High Blantyre, Scotland) has announced a strategic partnership with III-V wafer specialist IQE (Cardiff, Wales). The partnership involves the design, modeling, and growth of complex compound-semiconductor crystal structures, and will help to shorten Intense Photonics' path to market for its photonic integrated circuits. "Wafer growth is a critical element in our supply chain, and the alliance with IQE is helping to maintain our momentum to full commercial operations by eliminating the effort and cost involved in setting up this specialist process in house," said Jim Ashe, vice president of marketing worldwide for Intense Photonics.
Spectra-Physics appoints new president and CEO
Following completion of a cash tender offer for the common stock of Spectra-Physics Inc. (Mountain View, CA) by Thermo Electron Corp. (Waltham, MA), the board of directors (Mountain View, CA) has appointed Guy Broadbent as Spectra-Physics president and CEO, replacing Patrick Edsell, who will continue as chairman of the board until the completion of a short-form merger by Thermo Electron. Broadbent is president of Thermo Electron's Optical Technologies sector and will continue in this role concurrent with his new position at Spectra-Physics. The Optical Technologies sector, which includes Thermo Electron's majority interest in Spectra-Physics, consists of operating divisions focused on photonics, semiconductor metrology and equipment, and temperature-control systems.