Euro Graphene Launches
The Graphene Flagship, one of Europe’s first 10-year, € 1 billion
flagships in Future and Emerging
Technologies, launched in October. It is
the European Union’s biggest research
initiative ever and is tasked with taking
graphene from the lab to the marketplace in 10 years. The EU is hopeful
it will generate economic growth by
creating new jobs and new opportunities for investors.
The Graphene Flagship is comprised of an academic and industrial
consortium. Their work will span
materials production to components
and system integration. Jari Kinaret
from the department of applied physics
at Chalmers University of Technology
(Sweden) has been named director of
the Flagship. —Sarah Michaud
Datacom Fuels 86%
Growth for Alliance
In its third-quarter financial results, Alliance Fiber Optic Products (U.S.A.)
reported a record quarterly year-over-year revenue increase of 86 percent.
Patricia Daukantas and Valerie Coffey are freelance writers who specialize in optics and
photonics. Sarah Michaud is OPN’s associate editor.
The provider of optical network
components, subsystems and modules
reported revenues of $23 million for
the third quarter, up from revenues of
$12 million for the same quarter last
year. The positive revenue numbers
are also a 21 percent increase over the
previous quarter’s $19 million.
Company president and CEO Peter
Chang credited the booming growth to
increasing demand for data bandwidth.
“The next growth cycle in the fiber
optics industry is emerging,” said
Chang. “We are excited with the business prospects in the coming years.”
Gooch & Housego
Buys Optical Component
Specialist optical components and systems manufacturer Gooch
& Housego PLC (United Kingdom)
recently acquired precision-optics
manufacturer Spanoptic Limited
(United Kingdom) for £ 6. 6 million.
Spanoptic will continue factory operations in Glenrothes and business with
its existing customers.
Spanoptic reported 2012 revenues
of £ 7. 7 million and net assets of £ 5. 5
million at acquisition. Gooch & Housego
expects the acquisition to enhance
earnings in the first year of ownership.
According to Gareth Jones,
CEO at Gooch & Housego, “The
acquisition of Spanoptic strengthens
Gooch & Housego’s core precision
optics manufacturing capabilities
and provides a sound foundation
for developing our sub-systems
business.” —Valerie Coffey
Chalmers University of Technology
Jari Kinaret, director
of the Graphene
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