Global semiconductor developer BluGlass (ASX:BLG) has received a custom gallium nitride (GaN) laser project order from an unnamed repeat customer.
BluGlass, which has a $64.17 million market capitalisation, says the customer is a ‘leading’ US-based research laboratory that intends to use the laser product in high-powered scientific applications.
The order comprises BluGlass’ multi-mode GaN lasers in custom laser bars. The laser bars have multiple emitters that array to address high-power applications.
BluGlass notes that these bars also feature custom lenses, attracting a ‘higher’ average selling price.
Commenting on the order, BluGlass Chief Executive Officer (CEO) Jim Haden says: “This customer order further validates our unique go-to-market approach and market differentiation.
Our flexible form factors and custom manufacturing capability are helping our customers solve complex challenges and enable novel applications in large and growing industry verticals.
“This customer order further validates our unique go-to-market approach and market differentiation”
Our packaging and manufacturing flexibility is also enabling us to establish ourselves as a partner of choice, providing a platform for our lasers to be designed into new applications, as well as growing our early product revenues.
We are very encouraged to receive this order from an existing laser project customer as we develop our track record and progress to larger volumes and recurring orders.”
BluGlass is an ASX-listed supplier of gallium nitride laser diode products to the global photonics industry, focused on the industrial, defence, bio-medical, and scientific markets.
As of 30 June 2023, the company had $4.26 million cash at hand, according to its latest quarterly report, before the receipt of FY23 R&D rebates totalling $7 million.
Write to Aaliyah Rogan at Mining.com.au