Posted tagged ‘NYPhotonics’

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.

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.

 

AIM Photonics Manufacturing IPSR Spring 2017 Meeting

February 24, 2017

AIM Photonics IPSR Spring Meeting>>AGENDA HERE<<

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.

new-york-photonics-17

OptiPro Systems Receives 2016 Tibbetts Award from the U.S. Small Business Administration

January 26, 2017

 High-tech manufacturing company recognized for achievements in the Small Business Innovative Research (SBIR) program

OptiPro Systems, LLC, a world leader in precision optics optipro_3d-no-tagline-copymanufacturing equipment, was honored with the 2016 Tibbetts Award for their achievements in innovation and job creation as a participant in the SBIR program. The company credits the program to helping develop solutions for cost-effective manufacturing of optical components with defense and commercial applications. OptiPro was one of 37 U.S. companies to receive this prestigious award during a White House ceremony on January 10th.Named in honor of the late Roland Tibbetts, the acknowledged father of the SBIR program, the esteemed Tibbetts Awards recognize those individuals, organizations, firms or projects that made a visible technological impact on the socio-economic front and exemplify the very best in SBIR achievements.

“It is truly an honor to be a recipient of the 2016 Tibbetts Award. Without the SBIR program, OptiPro would not have been able to make the R&D investments necessary to grow our company and advance our technology to where it is today,” said Mike Bechtold, President of OptiPro. “Our continued success with the SBIR programs will help us to create the best possible advanced manufacturing solutions, especially for our important U.S. based precision optics and ceramic producing companies.”  

 Since receiving their first SBIR grant, OptiPro has grown from less than 15 employees to more than 80 today. The company hosts a semi-annual SBIR review conference which highlights the technical advancements being made by OptiPro as well as other small companies participating in the SBIR program. Through the SBIR program, OptiPro has developed new machines and processes which are commercialized in sales to Prime contractors, small to medium sized optics manufacturers, and exported around the world. All profits earned since receiving their first SBIR grant have been re-invested in the company to increase technological improvement and commercialization of technologies.

>>more about OptiPro<<

UB’s Paras Prasad Named Fellow of National Academy of Inventors

January 2, 2017

University at Buffalo researcher Paras Prasad, an internationally recognized expert in optics and photonics, has been named a Fellow of the nailogoNational Academy of Inventors (NAI).

NAI Fellow is the highest professional distinction accorded by the organization to academic researchers who have demonstrated a prolific spirit of innovation in creating or facilitating outstanding inventions that have made a tangible impact on quality of life, economic development and the welfare of society.paras-prasad

Among other individuals, the list of NAI Fellowsincludes presidents and senior leaders of research universities and nonprofit research institutes, Nobel Laureates, and recipients of the U.S. National Medal of Technology and Innovation and U.S. National Medal of Science.

New fellows will be inducted at a ceremony on April 6 at the John F. Kennedy Presidential Library and Museum in Boston, Massachusetts.

Prasad, PhD, serves as the executive director of UB’s Institute for Lasers, Photonics and Biophotonics (ILPB). He is a SUNY Distinguished Professor in the departments of Chemistry, Physics, Medicine and Electrical Engineering.

Prasad was an early pioneer in nanomedicine, which uses super-small particles, materials and devices to treat and diagnose disease.

He specializes in the use of optics, photonics and nanotechnology in this field, and has worked with colleagues to study and develop a wide range of new materials that could ultimately improve lives around the world.

These novel materials include miniature luminescent crystals that could be used in image-guided surgery; light-activated nanoparticles that could enable the development of new bioimaging technologies for disease detection; new nanoneurotechnologies for monitoring and enhancing brain functions; and magnetic and laser-activated nanoparticles that could be used for cancer diagnosis and treatment. This latter technology was licensed to UB spinoff Nanobiotix, a publicly traded company and leader in nanomedicine that has maintained close contact with Prasad while working to develop these and other new nanomedicine products.

Prasad has published more than 750 scientific papers, eight edited books and four monographs, and has been named the inventor or co-inventor on numerous patents. In keeping with his emphasis on the translational impact of his research, Prasad has been extremely active in launching startup companies and partnering with industry for co-development of technologies to create new companies. His efforts have led to 9 different companies worldwide.

He has received numerous regional, national and international recognitions for his lifetime achievements, including the Morley Medal; Jacob F. Schoellkopf Medal; Guggenheim Fellowship; Sloan Fellowship; Western New York Health Care Industries Technology/Discovery Award; and Excellence in Pursuit of Knowledge Award of the Research Foundation for SUNY. He was named a fellow of the American Physical Society, OSA (the Optical Society) and SPIE (the international society for optics and photonics).

This year, SPIE awarded him the society’s highest honor: the Gold Medal. The University at Buffalo awarded him the high honor of the UB President’s Medal in 2016 in recognition of extraordinary service to the university, and he also received UB’s inaugural Innovation Impact Award in 2015 for his contributions to the invention of the technologies licensed to Nanobiotix.

In 2005, he was named one of the “Scientific American 50,” the magazine’s list of “visionaries from the worlds of research, industry and politics whose recent accomplishments point toward a brighter technological future for everyone.” He was on the Thomson Reuters “Highly Cited Researchers” list for 2014 and 2016.

Prasad has received honorary doctorates from KTH Royal Institute of Technology in Sweden; the Aix-Marseille University in France; and the National Research Nuclear University (MEPhI) in Russia.

The National Academy of Inventors is a nonprofit member organization comprising U.S. and international universities, and governmental and nonprofit research institutes, with over 3,000 individual inventor members and fellows spanning more than 200 institutions. The academy was founded in 2010 to recognize and encourage inventors with patents issued from the U.S. Patent and Trademark Office; enhance the visibility of academic technology and innovation; encourage the disclosure of intellectual property; educate and mentor innovative students; and translate the inventions of its members to benefit society.