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Recently, IPG Photonics, a high-performance fiber laser supplier in the United States, released its first quarter financial report as of March 31, 2024.The financial report shows that IPG Photonics revenue in the first quarter was 252 million US dollars, a year-on-year decrease of 27%; The net profit was 19 million US dollars, a year-on-year decrease of 75%. The change in foreign exchange rate res...
Recently, Afinum Management, a private equity firm based in Munich, Germany, has acquired a large stake in two laser companies, with the intention of opening up new laser markets by combining the strengths of three parties.According to media reports, the two companies are ARC Laser in Germany and GNS neo Laser in Israel, and Afinum has agreed with the founders of the two companies that the acquisi...
A new European research project is exploring whether the same fibre-optic cables that carry our internet could also serve as real-time sensors for hidden damage in infrastructure, including bridges, railways, tunnels and energy pipelines. The €5.1 million ECSTATIC project, coordinated by Aston University in the UK, is trialling this breakthrough approach in a major UK city, using a heavily-used...
In a significant leap in quantum nanophotonics, a team of European and Israeli physicists introduced a new type of polarized cavity and redefined the limits of light confinement. This groundbreaking work was detailed in a study published yesterday in Natural Materials, showcasing an unconventional photon confinement method that overcomes the traditional limitations of nanophotonics.For a long time...
Recently, Aerotech Inc., a global leader in precision motion control and automation, launched the ultimate cylindrical laser machining motion platform LaserTurn160. LaserTurn160 is designed for unparalleled precision and efficiency, with a 40% increase in production capacity compared to similar systems, setting a new standard for medical device manufacturing. Extremely high efficiency, unparalle...