Medical optical imaging company Siloton has received a contract worth about GBP 8.4 million (USD 11 million) from Innovate UK to accelerate development of its handheld eye imaging system, enabling easier detection and monitoring of eye diseases.
Siloton will receive GBP 8.4 million in funding from Innovate UK over two years to advance GiraffeOCT, an OCT technology based on quantum photonic integrated circuits, toward clinical use. The funding is expected to shorten the development timeline by about two years.
Why we recommend it: The source article describes the funding path for taking photonic integrated OCT from the lab to the clinic, serving as a reference for the industrialization of medical optics devices
Lijing Innovation is again pursuing a Hong Kong IPO, though its rapid growth is accompanied by questions over its reliance on the Apple supply chain and its independence.
Precision optics company Lijing Innovation filed with the Hong Kong Stock Exchange on July 31, with a valuation of about RMB 22.5 billion.
Lijing Innovation has again filed a listing application with the Hong Kong Stock Exchange.
Focuslight, Synopsys, AMS Technologies and Oxford Instruments announced or completed acquisitions in early 2024, covering micro- and nano-optics, simulation software, laser systems and scientific cameras. Focuslight completed the acquisition of 100% of the equity in SMO for EUR 75.5405 million, while Synopsys plans to acquire Ansys for $35 billion, a deal still subject to shareholder and regulatory approval. AMS Technologies acquired neoLASE, and Oxford Instruments acquired First Light Imaging.
Why we recommend it: The four deals respectively add device manufacturing, simulation software, laser system and scientific imaging capabilities, useful for comparing different paths optics companies take to expand through acquisitions.