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On August 6th local time, Luminar, a leading publicly traded company in the field of LiDAR, announced a $422 million debt restructuring and raised $100 million in new capital. This measure marks Luminar taking solid steps in optimizing its capital structure and enhancing its financial stability.In early May this year, this laser radar manufacturer released an open letter disclosing a major strateg...
The rapidly developing IoTech enterprise headquartered in Israel will showcase at LOPEC 2024 how its disruptive digital manufacturing continuous laser assisted deposition technology shapes the future of microelectronics and additive manufacturing.Herv é Javice, co-founder and CEO of ioTech, commented, "We are delighted to be attending the LOPEC exhibition for the first time and showcasing ...
Coherent launches EDGE CUT20 OEM cutting solution. By deeply integrating the new CUT20 laser cutting head with EDGE FL20 fiber laser, this solution brings three core advantages to high-performance sheet metal cutting: ultimate precision cutting quality, unprecedented process control capability, and intelligent process insights. At the heart of the EDGE CUT20 package is a co-engineered laser-and-...
According to a recent report by Strategic Revenue Insights, the market size of laser drilling equipment is expected to increase from $1.2 billion in 2024 to $2.5 billion in 2033, with a compound annual growth rate (CAGR) of 8.5%. This significant growth is mainly driven by the sustained demand for precision micro drilling technology in multiple high-tech fields such as aerospace, electronics, auto...
The carbon dioxide laser market will show significant elasticity and sustained growth in the next decade, with a compound annual growth rate of 3.6% expected from 2023 to 2033.This impressive prediction indicates the persistent demand and expanding application of carbon dioxide lasers in various industries.By the end of 2033, the market is expected to reach a significant valuation of $7.1 billion,...