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Adaptive Optics Business News

Sept 2007
Thorlabs and Boston Micromachines Partner to Further Deploy Deformable Mirrors to the Photonics Industry
Thorlabs, Inc. and Boston Micromachines Corporation (BMC) have announced a new partnership, which will allow BMC to bring its deformable mirrors into the photonics research community.
Previously:  Rensselaer Licenses Adaptive Scanning Optical Microscope Technology To Thorlabs
July 2007
Univ. of Central Florida, Holochip Corp. Announce Licensing Agreement for Zoom Lens Patents
Portfolio of technologies will allow zoom lenses, such as those used in digital cameras and camera phones, to be manufactured at a dramatically smaller size without compromising clarity.
May 2007
AOptix Technologies Raises $15 Million In New Venture Funding
Investment fuels next generation of biometric iris capture and high bandwidth laser communications solutions.
Previously:  Lehman Brothers and 3i Co-Lead Series B Investment in AOptix Technologies
Jan 2007
Advanced Medical Optics Acquires WaveFront Sciences
Advanced Medical Optics, Inc. (AMO), a global ophthalmic surgical and eye care products company, today announced the acquisition of WaveFront Sciences, Inc., a leading provider of proprietary wavefront diagnostic systems.
Dec 2006
Rensselaer Licenses Adaptive Scanning Optical Microscope Technology To Thorlabs
An innovative microscope technology invented by researchers at Rensselaer Polytechnic Institute has been licensed by Thorlabs Inc., a manufacturer of photonics products.
Nov 2006
Adaptive Optics Associates Parent Company Acquired by Northrop Grumman
Essex Corporation, which recently acquired Adaptive Optics Associates, Inc, has itself signed a definitive merger agreement with a subsidiary of Northrop Grumman Corporation.
Previously:  Essex Corporation to Acquire Adaptive Optics Associates
Oct 2006
Optos Enters Licence Agreement With University of Rochester For Using Adaptive Optics in Retinal Imaging
Medical technology company Optos PLC is licensing an adaptive optics technology from the University of Rochester for the production of retinal imaging equipment.
Oct 2006
Essex Corporation Grants Adaptive Optics Associates Employees Stock Options
Essex Corporation announces that in connection with its acquisition of Adaptive Optics Associates, Inc. (AOA), it has granted options to purchase up to 131,650 shares of Essex common stock to AOA employees.
Previously:  Essex Corporation to Acquire Adaptive Optics Associates
Sept 2006
New Mexico Tech To Set Up Adaptive Optics Commercialization Center
New Mexico Tech is to establish a pilot industrial center for adaptive optics, to be called the the Commercialization and Industrialization of Adaptive Optics (CIAO) Center.
Sept 2006
Essex Corporation to Acquire Adaptive Optics Associates
Essex Corporation will acquire Adaptive Optics Associates Inc. from Metrologic Instruments Inc. in a $40 million all-cash transaction.
Previously:  Metrologic Buys Adaptive Optics Associates
Jan 2006			Many technology start-ups find that their sales don't grow smoothly from the "early adopter" customers to the "early majority" of the marketing textbooks. Their initial market – perhaps researchers in their own field – quickly saturates, and an entirely new volume market must be found.  "Crossing the Chasm" discusses the problem and presents clear strategies for getting through this marketing discontinuity. The book may not reveal the formula for guaranteed success, but it does provide some food for thought.
MEMS Optical Sold to Jenoptik Group
MEMS Optical is sold to the Jenoptik Group for an undisclosed sum.
Previously:  MEMS Optical, Inc. Secures $18M Series A Funding
Jan 2006
Boston Health Group Funds PixelOptics
A debt and equity transaction worth up to $32 million from Boston Health Group, Inc. will allow PixelOptics to finish the development of its dynamic focusing eyeglasses, grow the company and begin its commercialisation effort.
Jun 2005
Xinetics Receives Loan for Jobs Growth, Looks to Nanotech
Xinetics Corp., a leading manufacturer of deformable mirrors, receives a $2.5 million loan from the Massachusetts Job Foundation Loan fund. The company will add up to 40 new jobs, and aims to expand into nanotechnology.
Apr 2005				Celestron Explorascope 80mm Reflector Telescope A simple telescope for children – good for viewing the Moon.
Adaptive Optics Industry Finds New Markets Through MEMS
At least three companies expect to have MEMS-based adaptive optics on the market soon.
Feb 2004
Adaptive Optics Aims for Mass Market
UK report calls for standardised, low-cost adaptive optics components.
Jan 2004
Intellite Sued By Intel Over Similarities Of Name
Intellite Inc., a manufacturer of membrane deformable mirrors, is being sued by Intel Corp. over similarities of name.
Apr 2003
Iris AO wins Purdue Life Sciences Biz Plan Competition, Eyes Future			Agilent Dalsa Edmund Optics Hamamatsu Melles Griot Physik Instrumente Tektronix Thorlabs Optics on eBay
MEMS mirror start-up Iris AO wins the $50,000 first prize in the inaugural Purdue University Life Sciences Business Plan Competition.
Previously:  Adaptic Wins Fourth Annual UC Berkeley Business Plan Competition
Feb 2003
Agilent Invests in MEMX
MEMX Inc., a developer of optical MEMS devices, raises $8 million in a Series B funding round led by Austin Ventures and Sequoia Capital. Agilent Ventures also participates.
Previously:  Sandia Spins Off Company To Commercialize Microsystems Technology
Apr 2002
Adaptic Wins Fourth Annual UC Berkeley Business Plan Competition
The technology to correct vision problems and cure eye diseases garnered the $50,000 prize grand prize of the fourth annual UC Berkeley Business Plan Competition, where Adaptic Systems was announced as the winner.
Mar 2002
Lehman Brothers and 3i Co-Lead Series B Investment in AOptix Technologies
FSO venture AOptix raises $18 million in a Series B round of financing co-led by Lehman Brothers and 3i. The round also includes participation from existing investors Kleiner Perkins Caufield & Byers and Clearstone Venture Partners.
Jan 2002
UC Santa Cruz Receives $9.1 Million Grant to Establish Laboratory for Adaptive Optics
The University of California, Santa Cruz, has received a grant of $9.1 million from the Gordon and Betty Moore Foundation to establish a Laboratory for Adaptive Optics.
Previously:  National Science Board Approves New NSF Science and Technology Center for Adaptive Optics
Jul 2001
MEMS Optical, Inc. Secures $18M Series A Funding
Leading provider of MEMS-based precision micro-optics and components poised to accelerate production and penetrate new vertical markets.
Jan 2001
Metrologic Buys Adaptive Optics Associates
Metrologic Instruments Inc. acquires the electro-optic products manufacturer Adaptive Optics Associates Inc. from United Technologies Corporation in a $19 million stock purchase agreement.
Nov 2000
BFGoodrich to Acquire Raytheon Optical Systems
Goodrich Corp. buys Raytheon's electro-optical systems unit, a space and defence optics specialist whose work includes the 941-actuator AO system for the U.S. Air Force Advanced Electro-Optical System on Maui.
Previously:  Raytheon Ships $40 Million Adaptive Optics System
Oct 2000
Sandia Spins Off Company To Commercialize Microsystems Technology
In a “bold and important move,” Sandia National Laboratories has spun off a private company, MEMX, Inc., to commercialize Labs-developed microsystems technology.
Jul 1999
National Science Board Approves New NSF Science and Technology Center for Adaptive Optics
The National Science Board today approved five new National Science Foundation Science and Technology Centers, including a Science and Technology Center for Adaptive Optics.