News in brief: Kopin, APA Optics, Princeton Lightwave
Demand steady at Kopin
US-based microdisplay and III-V device manufacturer Kopin has posted revenue of $22.4 million for its first fiscal quarter of 2004. Sales of III-V products accounted for $9.5 million of the total, up 9% sequentially but flat compared with the same time period last year.
“Kopin’s III-V revenues reflect ongoing strength in the wireless handset market and continued demand for our HBTs in wireless LAN and Wi-Fi applications,” said president and CEO John Fan.
“During the quarter, we continued to advance our GAIN-HBT transistors towards commercial availability,” Fan added. Kopin now hopes to achieve design wins for its GAIN-HBTs in power amplifier applications in the second half of 2004.
Kopin is also nearing commercial availability of its new CyberLite LED products, and is now ready to begin sampling.
The company is expecting a 5% rise in revenue for the next quarter.
Princeton Lightwave buys OFS product line
High-power diode laser manufacturer Princeton Lightwave has bought the optical channel monitor (OCM) product line from OFS Optics.
The Japanese company Furukawa Electric owns the majority shareholding in OFS, which was formerly the optical fiber solutions division of Lucent Technologies.
Financial details of the deal were not disclosed.
APA Optics ‘sells’ manufacturing line
Minneapolis-based APA Optics, which makes UV detectors based on GaN and fiber-optic components, says that it has sold certain assets related to its discontinued optics manufacturing segment.
APA claims to have sold the assets to a company called PNE, Inc of Litchfield, MN, which will sub-lease part of APA’s Blaine facility for up to one year for optics manufacturing. Financial terms were not disclosed.
