Optics And The Phenomenon of the Blue Dress

Posted February 27, 2015 by rrpc
Categories: Optics

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What is really astounding (to anyone that has ever used Photoshop) is the viral nature of the argument about the blue dress.  Is it blue, or is it white?  The real answer of course is, “Who cares?”  But since the subject has caught the attention of millions, the scientists have to step in.  After all, IT’S OPTICS!

The Science of Why No One Agrees on the Color of This Dress

Not since Monica Lewinsky was a White House intern has one blue dress been the source of so much consternation. (And yes, it’s blue.) The fact that a single image could polarize the entire Internet into two aggressive camps is, let’s face it, just another Thursday. But for the past half-day, peopleacross social media have been arguing about whether a picture depicts a perfectly nice bodycon dress as blue with black lace fringe or white with gold lace fringe. And neither side will budge. This fight is about more than just social media—it’s about primal biology and the way human eyes and brains have evolved to see color in a sunlit world. Read more… #ROCtheYOL dress

Rochester’s International Year of Light in Motion

Posted February 24, 2015 by rrpc
Categories: International Year of Light, New York State Optics, NYPhotonics, Optics, Photonics, Photovoltaics

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Did you know that the stunning lights of aurora borealis are the result of solar wind? Or that every CD and DVD player contains a tiny laser? Or that some people can trick their brains to see “impossible” colors?

Fascinating, right? It’s this fascination with light and an unquenchable interest in researching new concepts that has made the Rochester region a light, imaging and optical technologies worldwide hub.

The United Nations has proclaimed 2015 as the International Year of Light.

Organizations, businesses and museums around the world are planning celebrations to highlight to the citizens of the world the importance of light and optical technologies.

The Rochester Museum & Science Center (RMSC), Rochester Regional Photonics Cluster and other commercial and academic partners have come together to engage the community in a variety of light-based experiences. Partners include the Rochester Institute of Technology, University of Rochester, Monroe Community College, OSA-RS (Optical Society — Rochester Section), ASE Optics, Corning Tropel, IDEX Corporation, Optimax and Second Avenue Learning.

Optics and related technologies offer major benefits to our region, including interesting and well-paying careers in science, engineering and manufacturing. Globally, light-based technologies promote sustainable development and provide solutions to challenges in energy, education, agriculture and health. From the Mars Rover, to Internet communication and revolutionized medicine, optics changes the way we live. We want to raise awareness about how light-based technologies directly respond to the needs of humankind.

Using the International Year of Light as a platform, many local organizations plan to generate interest in optics through hands-on applications. The RMSC plans to host special public light-based programs including “Science of Light Weekends” throughout the first half of 2015 and “Light-a-Palooza” during spring break. A full list of community events is available at RoctheYOL.com.

With zest for light technologies, we’re supporting our own future. Rochester is home to more than 50 optics- and imaging-focused businesses. These local opportunities keep Rochester on the map and our community members here.

Bennett is president of Rochester Museum & Science Center. Cook is general manager, ASE Optics, and president of OSA Rochester Section.

http://www.democratandchronicle.com/story/opinion/guest-column/2015/01/24/year-light-motion-rochester/22222191/

#ROCtheIYOL #IYOL15 #IYOL2015

Citizen Journalism: Made Possible By Light!

Posted February 21, 2015 by rrpc
Categories: aspheres, International Year of Light, Optics, Politics

Tags:

Advancements in aspheric lens design and manufacturing, high quality sensors, imaging software, fiber-optic data transmission, and display technology have made citizen jounalism possible. #IYOL15

http://nyti.ms/1AV0lHQ

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SPIE Digs Deeper Into Industry

Posted February 19, 2015 by rrpc
Categories: Industry Research, Optics, Photonics, R&D Policy

If you missed this presentation at Photonics West, SPIE’s Steven Anderson and his staff have been busy digging deeper.

http://www.newyorkphotonics.org//pdf/PW15%20Anderson%20_%20Breakfast%20%20_%20Final.pdf

CNSE Achieves Business-funded Research Distinction

Posted February 10, 2015 by rrpc
Categories: Nanotech, New York Photonics, NYPhotonics, Photonics, Recognition, Research

Tags:

The College of Nanoscale Science and Engineering in Albany was No.1 in the country for research expenditures funded by business in fiscal year 2013.
That’s according to a report out last week from the National Science Foundation.

The nanocollege received $201.6 million in research and development expenditures from business, a piece of the college’s $374.2 million in total research expenditures for 2013. About 53.9 percent of the research expenditures at the College of Nanoscale Science and Engineering were funded by businesses, compared with the national average of 5.2 percent.

[Nanocollege: is that a really small college?]

Read more…

Extraordinary Book Celebrates Light at Photonics West

Posted February 10, 2015 by rrpc
Categories: International Year of Light, Materials, Nanotech, Optics, Photonics

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SPIE is sharing a very special book that celebrates light this year at Photonics West 2015.

2015 was designated the International Year of Light and Light-Based Technologies by the United Nations and UNESCO in late 2013. (IYOL)

The SPIE published book, Celebrating Light, 50 Ways Light-based Technologies Enrich Our World, is a must-have. As John Dudley, steering committee chair for the International Year of Light says in his forward, “The volume celebrates a selection of 50 applications of light that have made the world a better place. A central message of the wonderful book is that light science and photonics technologies provide a remarkable range of solutions to the challenges that the world faces today.”

If you are lucky enough to see one of these books, grab it. You can still get one at SPIE’s IYOL Booth in the concourse.

Congratulations to Kathy Sheehan and SPIE staff who put this book together. It is truly a remarkable project.

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Harris Corporation to Acquire Exelis

Posted February 6, 2015 by rrpc
Categories: Economic Development, Manufacturing, New York State Optics, NYPhotonics, Optics, Photonics

Tags: ,

Feb. 6, 2015 — Harris Corporation (NYSE:HRS) and Exelis, Inc. (NYSE:XLS) today announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share, or an approximately $4.75 billion enterprise value. The agreement has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.

Under the terms of the transaction, Exelis shareholders will receive $16.625 in cash and 0.1025 of a share of Harris common stock, based on Harris’ closing price as of Feb. 5, 2015, for each share of Exelis common stock. Upon closing, Harris shareholders will own approximately 85 percent of the combined company, and Exelis shareholders will own approximately 15 percent. On a pro forma basis for the latest twelve months ended Dec. 31, 2014, the combined company would have had more than $8 billion in revenue and about 23,000 employees globally, including 9,000 engineers and scientists.

“Acquiring Exelis is transformational for Harris,” said William M. Brown, chairman, president and chief executive officer of Harris. “The combination of the two companies’ highly complementary core franchises creates a competitively stronger company with significantly greater scale. We are expanding in a market, where we have decades of success and a workforce dedicated to providing our customers with innovative and cost-effective solutions for some of their most complex challenges.”

“This agreement to become part of Harris Corporation represents an exciting new chapter for Exelis,” said David F. Melcher, chief executive officer and president of Exelis. “Combining the companies not only creates shareholder value, but the commitment to excellence and innovation that both companies share will significantly benefit customers and provide new opportunities for employees.”

Melcher also noted, “Our 2014 was another strong year, and we expect to report revenue of approximately $3.25 billion and adjusted operating margin between 12.4 and 12.5 percent, which is in line with our previous guidance.” Exelis indicated that approximately $25 million of its anticipated free cash flow for 2014 shifted into 2015 due to some delayed collections, but that its estimate for 2015 free cash flow is being increased to approximately $275 million. Exelis also expects depreciation and amortization of approximately $106 million in 2014, net debt of $139 million and a net unfunded pension liability of approximately $1.9 billion at the end of 2014. Exelis ended the year with an estimated $2.8 billion in funded backlog.

Financial highlights
Based on an expected June 2015 closing, the transaction is expected to be slightly accretive to Harris in the first full year and a significant contributor thereafter. Harris has identified estimated net pre-tax cost synergies from the combination in a range of $100 million to $120 million, with savings expected to achieve annual run-rate in year three. Savings are expected from consolidating headquarters and eliminating public company costs and from operational and functional efficiencies.

Harris has secured $3.4 billion of fully committed bridge financing from Morgan Stanley Senior Funding, Inc. and expects to put in place permanent financing in the form of term loans and unsecured bonds prior to closing. Following the transaction, Harris expects to continue to have a solid balance sheet supported by strong free cash flow from the combined business, enabling it to pay down debt rapidly.

Integration plan
Harris has developed a detailed execution plan to ensure seamless integration and achieve identified cost synergies. The dedicated integration team will have executive leadership and be comprised of senior members of both organizations. Harris is confident in its ability to effectively combine these two companies and provide the organizational alignment to achieve full strategic value.

Advisors
Morgan Stanley & Co. LLC is acting as financial advisor to Harris Corporation and Sullivan & Cromwell LLP is serving as principal legal counsel. J.P. Morgan Securities LLC is acting as financial advisor to Exelis, and Jones Day is serving as legal counsel.

Conference call and webcast
As part of Harris’ previously scheduled conference call today beginning at 8:30 a.m. ET to discuss its second quarter fiscal 2015 financial results (reported in a separate news release today) the management of Harris and Exelis will jointly discuss this announcement. The dial-in numbers for the teleconference are (877) 303-9481 (U.S.) and (760) 666-3582 (International), using participant code 74043536. Please allow at least 10 minutes before the scheduled start time to connect to the teleconference. Participants are encouraged to listen via live webcast. Accompanying presentations as well as the live and archived webcast of the call can be accessed at www.harris.com/webcast/quarterly/2015Q2. An audio replay of the call will be available on the Harris website beginning at approximately 12 p.m. ET on Feb. 6.

About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 13,000 employees — including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at harris.com.

About Exelis
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. Exelis is a leader in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems; and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Virginia, Exelis employs approximately 10,000 people and generated 2014 sales of approximately $3.25 billion. For more information, visit www.exelisinc.com.


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