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Moreover, Integran has reached an agreement with Enduro Industries LLC (Enduro) to extend Enduro’s license exclusivity term for Integran’s nanocrystal- line Cobalt electroplating process, Nanovate™ CoP, in the US fluid power market by five years. Enduro Industries LLC of Hannibal, Missouri, a subsidiary of PTC Alliance, has successfully marketed a corrosion and wear resistant Nano-Cobalt™ alternative alongside its conventional engineered hard chrome (EHC) Chromerod™ and Chromrod Extreme™ product lines.
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KLA-Tencor Corporation (NASDAQ: KLAC) announced two new additions to the company‘s IC fab-based reticle inspection portfolio: the X5.2™ and Teron™ 611 systems. As the latest offering in the successful 5XX product line, the new X5.2 applies its high performance to capture defects and pattern degradation on masks currently in production, with extended capability for the upcoming 20nm node. The Teron™ 611 is designed for the 20nm node and beyond, offering technology-enabling sensitivity to inspect masks at the leading edge of IC production.
Kopin Corporation (NASDAQ: KOPN), announced financial results for the third quarter ended September 29, 2012. Revenues for the three months ended September 29, 2012 were $21.9 million, compared with $29.6 million in the third quarter of 2011. III-V product revenues were $13.7 million, compared with $15.5 million for the third quarter of 2011, reflecting slower growth in mobile phone demand in the 2012 period. Display product revenues decreased to $8.2 million from $14.1 million for the same period of last year due to lower revenue from the Company’s military display products in the 2012 period.
The net loss for the third quarter of 2012 was $6.7 million, or $0.11 per share, compared with net income of $0.2 million, or $0.00 per share, for the third quarter of 2011. Results for the three-month periods of 2012 and 2011 included a $0.5 million loss and a $1.0 million gain, respectively, related to foreign currency fluctuations. Non-cash stock compensation expense increased $0.8 million to $1.5 million in the third quarter of 2012, compared with $0.7 million in the third quarter of 2011. Additionally, during the third quarter of 2012 Kopin increased its investment in Ikanos Consulting, Ltd. to 51% of outstanding common stock and recorded a non-cash loss of $0.6 million related to its stepped-up investment. Kopin achieved a key milestone in October, as Motorola Solutions introduced the HC1, the first commercially available headset computer powered by the Company’s Golden-i platform. Voice recognition, hands-free operation and gesture control are integrated into the Golden-i operating system. A video demonstrating Golden-i technology‘s capabilities is available at: http://www.youtube.com/watch?v=HzUwvW6zcNY