Archive for the ‘NYPhotonics’ category

Akoustis Signs Definitive Agreement to Acquire 120,000 Sq. Ft. Wafer Manufacturing Facility in Canandaigua, NY

March 24, 2017

STC MEMS, former Infotonics Center, most recently a division of SUNY POLY

Akoustis Technologies, Inc. (NASDAQ:AKTS), a manufacturer of patented single-crystal BulkONE® bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today it has entered into  binding, definitive agreements to acquire assets from the Research Foundation for the State University of New York (RF-SUNY) and Fuller Road Management Corporation (FRMC), an affiliate of RF-SUNY.  The assets being acquired include STC-MEMS, a semiconductor wafer manufacturing operation and microelectromechanical systems (MEMS) business with associated wafer production tools, as well as real estate associated with the facility located in Canandaigua, New York, near Rochester.

Under the terms of the agreements, Akoustis will pay $2.75 million in cash at closing to RF-SUNY and FRMC, subject to certain adjustments and customary closing conditions.  The transaction is expected to be completed in the second quarter of calendar year 2017. As part of the signed definitive agreements, Akoustis plans to acquire all of the following:

  • 120,000 sq. ft. commercial wafer manufacturing facility located in Canandaigua, NY, which includes Class 100/Class 1000 cleanroom space (“NY Facility”).
  • 57-acres of real property associated with the NY Facility.
  • 150-mm silicon MEMS wafer fab operations, including all semiconductor manufacturing tools.
  • Existing silicon-based MEMS business with annual revenues of approximately $3M from multiple customers, including a tier-1 mobile wireless solutions OEM.
  • Trusted Foundry accreditation for MEMS processing, packaging and assembly.
  • Two existing tenants with multi-year leases.

Dr. Art Geiss, Co-Chairman of Akoustis, said, “Akoustis will merge its patented BulkOne® BAW RF filter process into the STC-MEMS foundry, an operating silicon-wafer-based MEMs manufacturer.  Since there is significant overlap between the tools and processes used to produce our BAW devices and silicon-based MEMS, transferring our process into the STC-MEMS foundry will accelerate the technology into production.  In addition, we believe that some of the foundry processes used in silicon-based MEMS manufacturing may be utilized in new ways to make further performance improvements in Akoustis’ single-crystal BAW RF filters.”

Jerry Neal, Co-Chairman of Akoustis, added, “This acquisition is an enormous win for Akoustis and is consistent with our capital-efficient business model. A comparable manufacturing facility to build and qualify for production would take up to 2-years and cost well over $50 million, not to mention the challenges of recruiting and training qualified personnel.”

The transaction allows Akoustis to internalize manufacturing providing substantial capacity and control of its wafer supply chain for single crystal BAW RF filters. Akoustis plans to utilize the NY Facility to consolidate all aspects of wafer manufacturing for its disruptive and patented high-band RF filters targeting the multi-billion mobile and other wireless markets. This planned consolidation of the Company’s supply chain into the NY Facility is expected to shorten time-to-market for its RF products, greatly enhancing the Company’s ability to service customers. Shorter time-to-market cycles provide the Company the opportunity to increase the number of customer engagements.

Empire State Development President, CEO & Commissioner Howard Zemsky said, “When combined with its skilled workforce, the Finger Lakes region’s burgeoning R&D and advanced manufacturing industry cluster create the perfect environment for innovative companies like Akoustis to grow and thrive. The addition of new research and manufacturing jobs in Canandaigua will diversify and strengthen the local economy and help to ensure the region continues moving in the right direction.”

Jeff Shealy, CEO of Akoustis, commented, “We look forward to welcoming the dedicated professionals at STC-MEMS into the Akoustis family, and thank Governor Cuomo and his entire organization for their tireless efforts attracting Akoustis to New York State.”

Akoustis plans to maintain the existing customer engagements which are transferred as part of the transaction.  The Company plans to maintain the existing Trusted Foundry accreditation for MEMS processing, packaging and module assembly and will seek to expand the accreditation for the NY facility to include BAW RF filters and sensors.

Concern regarding the Department of Defense Trusted Foundry in Canandaigua ran high in Rochester’s Optics, Photonics and Imaging Community since last year’s indictment of SUNY POLY, New York State, and construction officials by U.S. Attorney Preet Bharara for bid-rigging.  This is a very welcome announcement.

Left to right: Dr. Jerry D. Neal, co-chairman, Akoustis; Mary Winters, Director of Business Development, STC MEMS; Jeff Shealy, CEO and Founder, Akoustis; Paul Tolley, VP for Disruptive Technologies, STC MEMS; Art Geiss, co-chairman, Akoustis

SYNTEC Optics Completes Facilities Consolidation In Rochester

March 1, 2017

Consolidation creates efficiencies for the innovative 20-year old company and its customers.

Syntec Optics, (video here) a privately-owned advanced polymer optics manufacturing company in Rochester, NY, has announced the completion of its move from three separate facilities in New York State to the City of Rochester.

Syntec Optics (website here) is making American manufacturing globally competitive again. The move enables global customers to now benefit from a vertically integrated supply chain and quicker product development cycles”, said Al Kapoor, owner of Syntec, who appreciates the optics talent Kodak and Bausch & Lomb helped create over many decades in the City of Rochester.syntec-01

Kapoor continues to invest in Syntec Optics, helping the company continue to be an industry pioneer. He founded Syntec Optics and its affiliates immediately after his graduation from Harvard Business School in 1997 and was later able to buyout his outside institutional investors. Syntec’s pioneering plastic optics assemblies and components are used in numerous industries, from defense missiles and night vision goggles, to medical detection of disease, and consumer virtual reality.

Karen Altman, Manager of Business Development for the City of Rochester said, “We are fortunate to have Syntec Optics in Rochester and welcome this consolidation in  the City of Rochester.”

Syntec Optics claims to be North America’s largest polymer optics assembly and opto-mechanical component provider. Renovation and development of a state-of-the-art manufacturing facility more than 85,000 sq. ft. in size, built on over 7 acres of land, allowed co-location of its polymer optics & optics assembly division with its optical mold, diamond turning optics, and optical coating division. Syntec’s affiliated opto-mechanicals division, Wordingham Technologies was also co-located. Offerings from all divisions can now be combined at the same location to make polymer optics assemblies for the full light spectrum.  

“The consolidation has created powerful synergies for our cross-functional talent. This combined capability allows us to quickly assess and solve incredible difficult problems, creatively under one roof” said Steven Polvinen, President of Syntec Optics.

To learn more about this new capability please visit Syntecoptics.com and watch the video, or call Sara Hart at Syntec Optics at 585.464.9336 x101 or 650.616.4229.

OSA Rochester Section / Entrepreneurship in Optics and Photonics: A Panel Discussion

February 24, 2017

OSA Rochester Section

Tuesday, March 7 at 7 PM

Laboratory for Laser Energetics – East Lobby
240 East River Road, Rochester, NY 14623

2017-03-07_optics_entrepreneurship_panel

The focus is on questions from the audience, which will start after each speaker gives a short introduction on their experience with entrepreneurship.

 

Private Equity Investments in Photonics – 2016 Highlights

February 24, 2017

logo_ceresPhotonics has been at the core of many modern day inventions and economic growth for decades now. However, the environment for photonics technology and component providers remains highly fragmented and fiercely competitive with their OEM customers and end-users further up the value chain realizing more of the value. Is that changing? It appears the public market leading photonics companies are catching up with their customers and capturing more value in 2016.

publicmarketleadersphotonicsvsoems

>>Read More Here<<

Sydor Optics Announces Mike Ognenovski As New President

February 16, 2017

Mike Ognenovski has been named President of Sydor Optics, an OEM manufacturer of high precision, custom plano optics. As President, Ognenovski will have responsibility for overseeing operations, sales and marketing and will report directly to Jim Sydor who is now Chairman.

mike_oMike was former Vice President of Operations for Harris Corporation’s Space and Intelligence Systems segment and joined Harris Corporation as part of the acquisition of Exelis where he was Vice President of Operations at Geospacial Systems. Mike’s previous experiences also include Director of Operations for the ITT Space Systems Division and Director of Worldwide Operations, for Optical Products at Eastman Kodak Company. Ognenovski holds a bachelor of science degree in finance and management from RIT and has completed the Executive Leadership Development Program at the University of Pennsylvania Wharton School of Business.

“The senior leadership team and I spent much of 2016 evaluating potential candidates knowing that the individual we selected would help lead Sydor Optics into the future,” said Jim Sydor, Chairman. “I could not be happier about the decision to hire Mike as he brings a great deal of experience to our company that aligns itself perfectly with our company’s core values: Optimism, Dedication, Happiness, Fairness, Respect and Teamwork.”

Ognenovski joined the Sydor team on the exhibition floor at SPIE Photonics West earlier this month.

Rochester, the Nation’s “City of Light” Continues Illuminating

February 16, 2017

MAG Installation and City lighting improvements make Rochester shine.

2015 was the International Year of Light.  In 2014, New York Photonics was encouraging IYOL events and celebrations for the coming year. Regionally, a lot of good things came out of that effort. Some of them are touched upon here.

But some things took longer to brew, like this installation by artist Jim Sanborn at Rochester’s Memorial Art Gallery (MAG). MAG Director, Jonathan Binstock and New York Photonics applied for a Bloomberg Arts grant to support the project in 2015, but it wasn’t awarded. That didn’t stop Binstock, though.

Kudos to Jonathan and the MAG for pulling it off at last!

Article in #RochesterDandC here.

International Year of Light Websitesanborn

UNESCO has designated an annual International Day of Light.

What will the Finger Lakes Region be doing on May 16, 2018?

2017 New York Photonics Map/Calendar Debuts at SPIE Photonics West

February 10, 2017

It’s popular!  It has already gone global!
We handed out nearly 250 calendars, large and small,  at the New York Photonics booth in the Photonics West New York Aisle this year.
Industry folks and customers around the world love to get their hands on this calendar.
Thank you to all of the sponsors for their support of this great economic development handout.

If you live in the Finger Lakes Region you can get your hands on the calendars at local events.
If you live elsewhere you may be able to get one from one of our many sponsors or at international SPIE and OSA conferences.

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