TriQuint Joins List of WiMAX Forum Supporters
Scott McMahanFebruary 21, 2005...TriQuint announced that they support the WiMAX Forum, an industry-led organization that promotes benchmarks based on the IEEE 802.16 standard for interchangeable and interoperable parts among wireless products. The forum meets in mid March to discuss these standards. At the forum, members not only learn and talk about wireless standards, they can get a glimpse of what the competition is doing. Others among a long list of forum supporters include Cisco Systems, Intel, and from our realm of the industry Agilent and Skyworks Solutions. "The WiMAX Forum is one of the best ways to support open standards that benefit the marketplace while stimulating the development of new products based on the IEEE 802.16 standard. I expect our engagement with this body will generate new revenue opportunities for TriQuint," TriQuint Vice President, Mike Sanna said. "TriQuint has extensive experience incorporating the best available technologies into its product line, and we expect to continue supporting the WiMAX agenda with products ideally suited for broadband applications."
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Optiled Creates Long-life LED Replacement for S-11 Bulb
Scott McMahanFebruary 21, 2005...Optiled announced that their new S-11 LED claims a lifetime of over 5 years of continuous use with a peak power consumption of 0.5 W, which is one-twentieth of a traditional S-11 (sign) shaped bulb. The list of possible applications include: “...marquees, retail, hospitality, staging, and residential environments that require a bright-colored lighting effect while offering ultra low power consumption and heat output.” The new bulb claims several other features that make it far superior to the traditional bulb. Content continues for LIGHTimes SecondPage members... Leotek Reports on Opportunities Beyond Traffic Signals in Municipal Markets
Scott McMahanFebruary 21, 2005...Leotec of Santa Clara, California USA, encouraged the audience at Strategies In Light to
take more advantage of the municipal market. John Adinolfi, director of new business development for Leotek Inc., estimated that, for every 1,000 people in the US (with a total population of 297.3 million people) there are 140 non-highway, road low-light lamps. With an estimated value of $450 for the 50W LEDs to replace the 80% of these that are 150W or less incandescent bulbs, the US market comes to $14.8 billion for the 50W LED market alone. Additionally, there are over 24,000 signalized intersections that use street name signs(SNS). With 4 street name signs per intersection, and cost of $1,500 per required retrofit, the retrofit market is $144 million, and the new install market is just over $2 billion. “This is [equal to] the total available lumnaires on the street today,” Mr. Adinolfi said. Content continues for LIGHTimes SecondPage members...
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U of Arkansas to Research CharacterizationFebruary 21, 2005...University of Arkansas in Fayetteville, USA has placed an order for a Riber MBE 32 system, which will be used by Dr. Gregory Salamo’s group in the physics department for the growth and characterization of new ferroelectric and nitride materials. This sale adds to the two other Riber systems the university has purchased in the last 6 years. The equipment will be used in conjunction with an STM microscope to capture three-dimensional images of nanostructures, such as quantum dots, and to learn about the behavior of compound semiconductors on an atomic level.
Acoording to the university news release, "Because compound semiconductor device fabrication occurs solely at a semiconductor surface, the better one can control and manipulate the motion of atoms on surfaces, the more sophisticated the device structures one can achieve. Consequently, there is a critical need for atomic-scale characterization of the device structure during the fabrication process." The physics department opened a state-of-the-art semiconductor device fabrication and characterization facility during the April of the past year.
February 21, 2005...TIR has received a contract to supply its Lightpipe products to Chicago’s O’Hare Airport terminal 2. The contract with two orders totaling $2.9 million, will provide TIR’s Light Pipe system for the general illumination for both the Departure and Arrival levels of Terminal 2. The renovated terminal will have a new ceiling with installed Light Pipes as the main illumination. The terminal serves the “O’Hare Partners” including Air Canada, Northwest Airlines, and Continental Airlines.
Content continues for LIGHTimes SecondPage members... Daktronics Scores Busch Stadium Contract
Scott McMahanFebruary 21, 2005...Daktronics of Topeka, Kansas USA was recently awarded a $5.8 million contract to build a complex scoring and video system for Busch Stadium, the future home of the St. Louis Cardinals. The contract with Hunt construction group will allow Cardinal fans to view what the press release calls, “… a truly integrated scoring, video and information display system.” The system, not merely a single enormous screen and scoreboard, will include multiple Prostar LED video displays and several other information displays designed specifically for Busch Stadium and located around the park. Content continues for LIGHTimes SecondPage members... Emcore Comments on Veeco TurboDisc Sales NumbersFebruary 17, 2005...Emcore Corporation of Somerset, New Jersey USA has received a preliminary statement
of 2004 TurboDisc Net Sales from Veeco Instruments Inc. of Woodbury,
New York USA in connection with the earn-out from the November 2003 sale of
the capital equipment business (TurboDisc) to Veeco. In November 2003,
Emcore sold its TurboDisc capital equipment business to Veeco in a transaction
that is valued at up to $80.0 million. The selling price was $60.0 million in
cash at closing, with an additional aggregate maximum payout of $20.0 million
over the next two years. Emcore will receive in cash or stock 50% of all revenues
from the TurboDisc business that exceed $40.0 million in each of the next two
years, beginning January 1, 2004. Emcore had been expecting a 2004 earn-out
(payable in the first quarter of 2005) of between $15 and $17 million
based on Veeco's prior public statements, as detailed in the Emcore news
release. On Feb. 11th, Veeco made public the need to delay their
earnings report and announced that an internal investigation of improper accounting was
underway, (ref: our
coverage with links to Veeco disclosures. On Feb. 15th, Veeco submitted
a preliminary earn-out statement to Emcore, details of which are in the Emcore
news
release.
Commenting on Veeco's accounting investigation and its impact on the expected
earn-out, Thomas G. Werthan, Emcore's Chief Financial Officer stated, "We
are surprised and disappointed that the first earn-out payment may be less than
we expected and previously announced. However, based on Veeco's comments regarding
their outlook for 2005, we still expect that Emcore will receive the balance
of the earn-out in 2006. This transaction was an asset deal that closed
over fifteen months ago. Any potential changes to Veeco's 2004 financial results
relate to events after the sale to Veeco. The revenue recognition and other
accounting issues at Veeco's TurboDisc division are a purely internal matter
for Veeco." Reuben F. Richards, Jr., President and CEO of Emcore, added,
"While Veeco's accounting problems are regrettable, we are working with
Veeco to obtain a final statement of TurboDisc Net Sales and close-out the first
earn- out payment as quickly as possible." Veeco's TurboDisc
division remains physically located next door to Emcore's headquarters in Somerset,
New Jersey.
Leadership Changes at Bookham as it Offically Debuts as a USA CompanyFebruary 17, 2005...The UK's Bookham, Inc. which now uses its San Jose, California USA New Focus
facility as its corporate headquarters, due to their reincorporating in the
USA, has announced
that Dr. Andrew Rickman, the company's founder and Chairman, has stepped down
after 17 years. Bookham's COO, Liam Nagle, has also stepped
down to spend more time in his home country of Ireland. Dr. Rickman will be
replaced as Chairman by board member, Dr. Peter Bordui, and Mr. Nagle will be
replaced by Jim Haynes. Bookham will officially make its debut as a USA company
at OFC/NFOEC March 8-10th in Anaheim, California, where the company will show
a range of new products under the theme of reconfigurable DWDM solutions for
metro systems. Details are in the company
news release.
Regarding the new chairman and COO, Dr. Bordui has served as a director since
March 2004, joining the Board following the acquisition by Bookham of New Focus,
of which he was a director from 2001 to 2004. Before that, he was VP and GM
of Source Lasers for JDS Uniphase. Jim Haynes has been with Bookham since June
2003, and has been VP of their UK operations since August 2004. In this capacity
he is already managing all Bookham's UK sites, which comprise approximately
two-thirds of all employees and over three-quarters of the company's shipments,
and he has been spearheading Bookham's product assembly operations to its new facility
in China. Prior to coming on board Bookham, Mr. Haynes was COO of Agility and
before that, he put in 15 years at Nortel and STC. Presumably, Georgio Anania
continues as President/CEO, although no mention of him was included in the related
company
news release. Giorgio Anania joined Bookham in October 1998 as Sr. VP of
Sales & Marketing. He became President in 2000 and CEO in 2001. While Bookham
was seriously impacted by the telecom downturn after considerable buildup with
acquisition of Marconi's and Nortel's optical arms and New Focus, they have
additionally acquired Ignis Optics from Cierra Photonics and Onetta, Inc. Bookham
maintains manufacturing facilities in the UK, USA, China, and Switzerland; and
has offices in the USA, UK, Canada, China, France, and Italy. Their current employee
headcount is 2000 people, worldwide.
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