English

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

1171
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
  • Eurotech launches BestNet fiber rack mounting housing

    Fiber optic solution provider Eurotech announced the launch of a series of fiber optic rack mounting enclosures. The BestNet 19 inch top opening fiber optic interconnect unit is a fiber optic patch panel and cabinet, ideal for wiring, terminating, and managing fiber optic terminations, suitable for interconnect, cross connect, or splice applications in LAN environments. Modular fiber optic interco...

    2024-05-16
    See translation
  • BluGlass successfully raised $5.87 million to accelerate GaN laser production and delivery

    Recently, BluGlass, a leading global semiconductor development company, successfully completed its stock purchase plan (SPP) and raised $5.87 million in funds (excluding costs). This SPP provides eligible shareholders with the opportunity to subscribe to up to $100000 in new shares of BluGlass at a discounted price of $0.037 per share, along with free additional options. This initiative has gained...

    2024-04-12
    See translation
  • Samsung Heavy Industries Developing a Laser High Speed Welding Robot for Liquefied Natural Gas Ships

    South Korea's Samsung Heavy Industry announced on Thursday that it has developed the first laser high-speed welding robot in the maritime field, aimed at significantly improving the construction efficiency of liquefied natural gas (LNG) transport ships.This new technology is specifically designed for rapid welding of thin film panels used in cargo compartments of liquefied natural gas transport sh...

    2023-09-22
    See translation
  • Shanghai Optical Machinery Institute has made progress in high-efficiency optical parametric amplification technology

    Recently, a joint research team composed of Sun Meizhi, associate researcher of the High Power Laser Physics Joint Laboratory of the Chinese Academy of Sciences Shanghai Institute of Optics and Precision Mechanics, and Tu Xiaoniu, associate researcher of the Chinese Academy of Sciences Shanghai Institute of Silicate, proposed a new configuration of cross Fabry Perot intracavity optical parametric ...

    2024-07-11
    See translation
  • Mei Xin Sheng: The development of high-precision polarized light crown products has been completed

    On September 5, when Mei Xin Sheng held an analyst meeting, it said that the company has launched a fully integrated ultra-low power optical proximity detection sensor and a three-in-one ambient light and proximity detection sensor with ultra-high sensitivity, which have entered mass production.The research and development of high-precision polarized light crown products has been completed, the fe...

    2023-09-05
    See translation