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On February 11th, global industrial fiber laser giant IPG Photonics announced its financial performance for the fourth quarter and full year of 2024. Annual sales have fallen below the $1 billion mark for the first time, with a year-on-year decline of 24% and a pre tax loss of up to $162 million. As an industry leader, IPG's financial report not only reflects the deep adjustment faced by the ind...
On August 8, local time, Jalisco, Mexico welcomed the grand opening of Yangtze Optics Mexico Cable S.A. de C.V., marking the eighth overseas production base of Yangtze Optical Fiber & Cable Co. ("Yangtze Fiber Optics") has successfully set up its eighth overseas production base in its 36-year development history, further advancing its internationalization strategy blueprint. Today, we are pr...
Recently, Toshiba announced that in the field of LiDAR lidar for distance measurement, it has developed a technology that can track vehicles, people, and other objects with 99.9% accuracy, achieving the world's highest accuracy. And only using LiDAR to collect data can achieve 98.9% object recognition.In addition, the detection distance in rainstorm and dense fog environments has been increased by...
Recently, Laser Photonics Corporation (LPC), a laser cleaning equipment developer listed on NASDAQ in the United States, announced that the company has signed a final agreement to acquire Control Micro Systems, Inc. (CMS) through an Asset Purchase Agreement (APA), but the financial details of the transaction have not yet been disclosed.At present, LPC's market value has shrunk by 70%, and it is de...
Photon Automation, Inc., headquartered in Greenfield, Indiana, has been committed to providing automated laser technology solutions since 2000. The company is pleased to announce the opening of its state-of-the-art laser application laboratory in Farmington Hills, Michigan. This 7400 square foot facility will be led by renowned laser physicist Dr. Najah George, who has over 35 years of extensive e...