news digest ♦ Lasers
Daylight Solutions secures 16th US patent for QC lasers
The latest patent relates to a method of combining beams from individual QCL sources to create a single beam of greater combined power and/or a multiple wavelengths
Daylight Solutions has announced the issuance of the company’s 16th patent relating to its Quantum Cascade Laser (QCL) based technology.
As an early pioneer in QCL-based systems, Daylight Solutions has multiple patents either issued or pending that range from component level inventions to applications utilising mid-infrared laser technology.
IPG Photonics CEO transfers stock for estate planning purposes
The CEO of the III-V fibre laser and amplifier manufacturer continues to beneficially own 15 percent of IPG Photonics common stock
Valentin P. Gapontsev, founder, Chief Executive Officer and Chairman of IPG Photonics has gifted 110,000 shares of IPG common stock to a new irrevocable trust.
The Valentin Gapontsev Trust III, dated December 13th, 2012 (Gapontsev Trust III) is intended for estate planning purposes.
Gapontsev Trust III purchased from Gapontsev 890,000 shares of IPG common stock and a 2 percent ownership interest in IP Fibre Devices (UK) Ltd. with a promissory note. The transfers of the unregistered stock to Gapontsev Trust III were not made on the open market. As required, Gapontsev will file a Form 4 reporting the transfers of stock to Gapontsev Trust III using appraised values.
External Cavity quantum cascade Laser design
The latest patent involves combining beams from individual QCL sources to create a single beam of greater combined power and/or a multiple wavelengths. The technique is valuable in a number of applications where high power or a combination of different wavelengths is necessary.
One such application is infrared countermeasures (IRCM), where mid-infrared lasers are used to protect aircraft from heat-seeking missiles.
“Daylight Solutions continues to receive significant patents relevant to both our core technology and our broad range of applications. The company has now been awarded 16 patents with over 400 claims. Daylight Solutions is committed to our leadership position in QCL-based technology development, ensuring the greatest competitive advantage for our customers,” says Timothy Day, Daylight Solutions’ CEO and CTO.
After the transfers to Gapontsev Trust III, Gapontsev continues to beneficially own 7,981,933 shares of IPG Photonics common stock, or 15.6 percent of the Issuer’s outstanding shares. This is comprised of 627,931 shares of IPG Photonics common stock owned directly by Gapontsev and 7,354,002 shares of common stock owned by IP Fibre Devices (UK) Ltd., of which Gapontsev is the sole managing director.
The trustees of the Trust are officers and employees of IPG Photonics and include Eugene Scherbakov, Alex Ovtchinnikov, Angelo Lopresti and Valentin Fomin.
IPG Photonics offers $0.65 per share one-off dividend
The manufacturer of III-V high-power fibre lasers and amplifiers is rewarding its stock holders as business is booming
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www.compoundsemiconductor.net January/February 2013
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