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On February 3, 2025, Lumentum Holdings has appointed Michael Hurlston as its President, CEO, and Director, effective from February 7. Hurlston replaces Alan Lowe, who has been serving as the company's President and CEO since 2015. Lowe will continue to serve as a member of Lumentum's board of directors and as a consultant to the company.Lumentum is a major supplier of high-speed optical transceive...
Recently, nLIGHT, a manufacturer of high-power semiconductors and fiber lasers, announced its financial performance for the second quarter of 2024.According to the financial report, nLIGHT achieved a revenue of $50.5 million in the second quarter of 2024, a year-on-year decrease of 5.2% and an increase of 13% compared to the first quarter; The GAAP net loss for the second quarter was $11.7 million...
In the breakthrough transformation towards sustainable industrial practices, LASIT is at the forefront of the ecological revolution in laser marking technology. This evolution is not just about labeling products; This is about marking a sustainable future.Environmental Innovation: A New Era of Industrial PrecisionLASIT's laser technology is a model of environmental protection. Unlike traditional m...
Not long ago, Nuburu, the developer of industrial blue light lasers, encountered a personnel change controversy. The departure of two senior executives from its board of directors resulted in a shortage of board members, and the originally scheduled special meeting for financing proposals was forced to be cancelled as a result. Recently, Nuburu announced two new director appointments that will tak...
Rocket Lab USA continues its path of vertical integration and has signed an exclusive but non binding agreement with MynaricAG, a German laser communication terminal (LCT) supplier and Rocket Lab supplier, to acquire the company for $75 million in cash or stock.If Mynaric achieves its revenue target, it will pay an additional revenue of up to $75 million. This acquisition depends on whether Myna...