chanelink logo
CHANELINK
English

Surface coupled laser technology manufacturer, secured £ 2.94 million in financing

1195
2024-06-14 14:59:44
See translation

Recently, renowned surface coupled laser technology supplier Vector Photonics announced that it has received £ 1.667 million in equity investment and £ 1.27 million in additional research funding for the continued commercialization of its unique surface coupled laser (SCL) technology. Surface coupled lasers have completely changed semiconductor laser manufacturing, improving the performance of various applications such as next-generation data centers, co site optics, artificial intelligence, metal and plastic printing, LiDAR, and optical sensing.

Neil Martin, CEO of Vector Photonics, stated, "Vector Photonics has successfully secured £ 1.667 million in equity investment and £ 1.27 million in additional research projects, bringing its current total funding close to £ 3 million. This provides a strong financial foundation for the continued development and commercialization of the company's unique and revolutionary surface emitting laser technology."

Equity investments come from four companies, all of which have previously invested in Vector Photonics. Foresight WAE Technology (FWT) Fund, UK Innovation and Science Seed Fund (UKI2S), Equity Gap, and Scottish Enterprise. This new research funding includes two development projects. The first one is "FRONTIERS", a £ 670000 revenue generating free space optical development project funded by the Small Business Research Initiative (SBRI). The second project, "GRAPHICS," is a £ 600000 UK innovation fund that collaborates with the University of Glasgow to develop expertise in gallium nitride (GaN) material processing. This may result in a 70% lower power consumption of blue and green lasers compared to equivalent LEDs.

Every stock investor is a next-generation technology and early investment expert. FWT funds invest in high growth potential companies with innovative and transformative technologies; UKI2S is a professional deep technology seed fund that focuses on derivative products from research bases in the UK; Equity Gap is an angel investment group that invests in the early stages of new technology enterprises across Scotland; The Scottish Enterprise Board is the national economic development agency in Scotland, committed to transforming the Scottish economy by helping businesses innovate and expand their scale.

Source: OFweek

Related Recommendations

  • NUBURU Announces Second Next Generation Blue Laser Space Technology Contract with NASA

    NUBURU, the leading innovator of high-power and high brightness industrial blue laser technology, announced today that it has been awarded a second phase contract worth $850000 by the National Aeronautics and Space Administration (NASA) to advance blue laser power transmission technology as a unique solution that significantly reduces the size and weight of equipment required for lunar and Martian...

    2024-05-13
    See translation

  • Germany and the United States jointly build a $150 million laser equipment laboratory for studying inertial fusion energy and high energy density physics

    German laser Fusion developer Marvel Fusion said it will partner with Colorado State University (CSU) on a new $150 million laser equipment lab to study inertial fusion energy and high energy density physics."It will be home to one of the most powerful laser facilities in the world and an international center for laser fusion energy and high energy density physics research," the company said in a ...

    2023-08-10
    See translation

  • Korean laser company AP Systems establishes new AVP equipment division

    Recently, AP Systems, a well-known laser manufacturer in South Korea, established a new AVP equipment division for the advanced packaging field. This business unit will focus on laser equipment required for advanced packaging processes of high bandwidth memory (HBM).AP Systems is a subsidiary of APS Group, mainly focused on the fields of display and semiconductor laser processing equipment. It foc...

    01-15
    See translation

  • UCI Cinemas collaborates with The Marvels to launch its new 4K laser projector

    Cinemas are in a developmental stage. Their roles are changing and the rules are being rewritten. Many people have proposed a way to make cinemas a truly unique place by providing audiences with a higher quality experience. It is along this route that UCI Cinemas continues to move forward. In recent days, it has officially launched a 4K laser projector and had a special date with the new MCU movie...

    2023-11-14
    See translation

  • Afinum Management acquires significant stakes in two laser companies

    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...

    2024-08-08
    See translation