Articles


Photonics in Today’s Transformative Age

Today’s transformative age is blurring the lines between economic sectors, while creating new and unique opportunities to step beyond traditional boundaries.  With this collision of industries, leaders in traditionally defined sectors are seizing opportunities to create new value for their customers and reshape their businesses.

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Foreign Investment in US Photonics Technologies

Significant changes to Committee for Foreign Investment in US (CFIUS) review process expand its jurisdiction to new types of transactions and change the timeline and procedures for seeking approval for a transaction from CFIUS.

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2018 Mergers & Acquisitions in Photonics

Buyers address the challenges of slower growth, an abundance of investment capital, advances in digital technologies and government intervention with M & A.  In addition to consolidation and scaling manufacturing operations in Asia, buyers are acquiring companies employing photonics technologies to open new markets, enhance capabilities and implement new business models.

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2018 Private Placements – Photonics

In 2018, $29B of the $822B private placements worldwide goes to work commercializing and growing businesses with core photonics technology.  Communications, LEDs, and solar markets attract the most private investment.  Autonomous vehicles, 3D sensing, point-of-care medical diagnostics and AI powered imaging see the most activity.  With the exception of materials for smart architectural glass, investment in pure-play photonics continues to lag.

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Linda Smith Honored as Fellow of SPIE

CERES announces the recent promotion of Linda Smith, President of CERES, to Fellow of SPIE, the international society for optics and photonics.  SPIE confers the grade of a Fellow on a member who has become distinguished through outstanding technical accomplishments and entrepreneurial contributions to the optics and photonics industry.

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Crafting Financing & Fund Raising Strategies

Whether you are an entrepreneur starting-up or the leader of an established business, a solid understanding of the available sources of capital and today's expected rate of return for capital is the fundamental step in crafting a financing and fund raising strategy.

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Raising Capital on Acceptable Terms

Precise practices vary between individual investors or lenders in a given category and change with market conditions. Identifying appropriate sources of capital and developing a fund raising strategy to tap them depends on knowing what kinds of investments investors and lenders are seeking.

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Valuing International Businesses

Understanding today's country-specific cost of equity capital alongside industry dynamics help business valuation professionals advise clients in making better international investing, financing, and buy/sell decisions. A business identical in every way except the country in that it operates is valued differently by a buyer or investor depending on where that business operates. A buyer expects a higher return in exchange for the higher risk when acquiring a company that operates in a country that has higher financial, economic and/or political risk.

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Capturing the Value of Intellectual Capital

Why? Because whether planning to sell a business short term or long term, the costs of not capturing the value of intellectual capital are enormous - improper deal structures, lost financial opportunities, assumptions of greater execution risk, over/under payments for asset acquisitions. And without protection, a reasonable buyer would not pursue.

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Advanced Valuation Methods

Monte Carlo simulation is a well established method for simulation in engineering models - including ray tracing and tolerancing of optical systems. Monte Carlo simulation, Real Option, and other advanced mathematical methods are being applied more and more to financial modeling and valuation of high risk, intangible assets such as intellectual property, R&D, and venture capital financed businesses.

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Financing New Ventures

When start-up or growth capital is not available or at a very high cost, bootstrapping is a feasible strategy – even for high technology ventures requiring significant assets, a highly specialized and expensive workforce, and years to bring its first products to market. It is often, however, a last resort – considered only after burning through many months shopping business plans to venture capital firms, lenders, or those at established corporations managing the R&D budget. Instead, consider bootstrapping and harvesting your most valuable asset – your technology – for cash, strategic customer relationships, market intelligence, application know-how and more.

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Growing Our Core Photonics Businesses

Transcending the $10million Plateau

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Growing Our Core Photonics Businesses

According to research from SPIE, there are about 2750 companies worldwide supplying more than $150billion of photonics components and materials. Of these companies, more than 2000 realize revenues of less than $10million, accounting for less than 4% of worldwide sales. With photonics components at the core of most modern technologies, this is an exciting time for the industry.  So, have the stars aligned for more photonics companies to transcend the $10million plateau?  If so, what can a small business do to become a larger market participant?

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Consolidation in a Global Marketplace

As M&A activity heats up, optics and photonics companies are increasingly looking across borders for a good strategic fit — and that creates both challenges and opportunities.

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Countless Opportunities in Additive Manufacturing

Additive Manufacturing, also known as 3D Printing, is an innovation grounded in photonics. It is a process for making a physical object from a 3D digital model, typically by laying down many successive thin layers of a material. The technology is diffusing from prototyping to large scale manufacturing of final parts. Today, early adopters including GE, Siemens, Google/Motorola, and Boeing are 3D printing intricate, high mix, low volume, and weight-sensitive final parts.

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Fluorescent Phantom for Small-Animal Imaging

Accurate and predictive software modeling could allow standardization for small-animal imaging

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Making Live Cell Imaging Glow

Digital illumination overcomes the limitations of fluorescence imaging

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Software Predicts Performance of White LED Designs

The use of white LEDs for solid-state lighting to address applications in the automotive, architectural and general illumination markets is just emerging.

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Give Your Business Value

A valuation of your privately held technology company is critical for strategic planning and decisions around financing, buying or selling a business

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Crafting Financing & Fund Raising Strategies

Whether you are an entrepreneur starting-up or the leader of an established business, a solid understanding of the available sources of capital and today's expected rate of return for capital is the fundamental step in crafting a financing and fund raising strategy.

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SPIE Volunteers Deliver Message to Congress

The photonics industry and the vertical market segments that the industry enables are in their infancy poised for rapid growth or already on a steep growth curve. The LED industry is where the semiconductor electronics industry was in the mid 1960’s. Laser based research laboratory instrumentation that enabled the mapping of the human genome and ground-breaking discoveries in proteomics is now being deployed at the point-of-the-care to deliver personalized diagnostics and therapies. Optical communications, display and camera technologies continue to fuel smarter phones and tablets.  The list of enabled markets is exhaustive.

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