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Recently, Fabrinet released its financial report for the three months ended December 27, 2024, showing that its sales and revenue exceeded expectations. During the reporting period, the company achieved sales of $834 million, a year-on-year increase of 17%. Net income increased by 25% during the same period, reaching $86.6 million.Although the growth in performance is still dominated by the optica...
On July 24, Lumibird, a well-known French optoelectronics company, released its latest semi-annual report. In the first half of the year, Lumibird's revenues were 97.2 million euros, up 16 percent from the same period last year. Of this, the Optoelectronics division contributed 45.9 million euros and the remaining 51.3 million euros came from its medical division. In the second quarter (Q2) ended ...
Longview Fusion Energy Systems and Fluor have taken another step towards commercialization of laser fusion power plants.According to the memorandum of understanding signed by the two companies, Fulu will design the factory for Longview Fusion Energy Systems. The two companies collaborated and signed a memorandum of understanding in 2023 to leverage Fulu's experience in developing and constructing ...
Recently, companies from Lithuania, Italy, and Germany have reached a new milestone in the European independent space mission - based on the Galactic project, they have developed a supply chain for Alexandrite laser crystals in Europe to study changes in the atmosphere and Earth's surface.The high-power Alexander laser crystals and coatings developed in the GALACTIC project will be used to collect...
On November 25th, Optimax, the largest precision optics manufacturer in the United States, announced the appointment of Joseph Spilman as CEO and Pete Kupinski as President. After developing a comprehensive succession plan, Optimax CEO Rick Plympton will retire along with President and Founder Mike Mandina.Mandina stepped down in 2021 and passed on the title of CEO to Spilman, strategically appo...