English

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

1118
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
  • SPIE Optics and Photonics 2025: Plenary Session Evaluation of Organic Materials for Optoelectronics

    The use of organic materials in photonics has given rise to many device innovations for applications in sensing, semiconductors, lasers, and more. The Organic Photonics + Electronics plenary session at SPIE Optics + Photonics 2025, taking place through 7 August in San Diego, California, sampled some current research efforts in this subfield, and looked at developments on the horizon.Ruth Shinar d...

    08-06
    See translation
  • HGTECH Laser's New Product Debuts at the 2025 Munich Shanghai Light Expo

    New Product for Wafer Testing Probe Card Manufacturing Equipment Project This project adopts vision guided laser precision cutting to separate the probe from the crystal disk, and then generate a product mapping image for use in the next process. When picking up the probe, multi-point reference surface fitting technology is used to achieve non-contact probe suction and avoid force deformation. A...

    03-07
    See translation
  • Fraunhofer IZM launches quantum cascade project to develop modular laser system

    Creating new laser systems for use in spectroscopy applications is a challenging and costly endeavor. In order to give even small and medium-sized enterprises access to such innovative technology, the Fraunhofer Institute for Reliability and Microintegration (IZM) co-launched the QuantumCascade project to develop a modular laser system for a range of multispectral analytics.This week the IZM repor...

    07-30
    See translation
  • Coherent's revenue for 2024 is $5.301 billion

    International laser giant Coherent's Q4 2024 sales exceeded expectations, reaching a historic high!Recently, Coherent released its highest quarterly sales data in history, mainly due to the demand for optical transceivers in artificial intelligence data center applications. For the three months ending December 31, the company's revenue was $1.43 billion, a year-on-year increase of 27% and a 6% inc...

    02-10
    See translation
  • Ruifeng high power ultraviolet laser will become an indispensable tool in the production of thin film solar cells in the future

    With the rise of clean energy and the enhancement of environmental awareness, thin film solar cells are gradually replacing traditional silicon-based solar cells as an efficient energy conversion device.However, to achieve efficient solar cell conversion rates, the key is to ensure that thin film solar cells have clear edges and maximize light absorption. In this regard, the unique advantages of h...

    2023-09-08
    See translation