BLG Write upBlueglass Limited (ASX: BLG)Blueglass is one of a...

BLG Write up

Blueglass Limited (ASX: BLG)

Blueglass is one of a handful of end-to-end GaN laser manufacturers globally with operations in Australia and the US. Blueglass supplies GaN laser diode products to the global phontonics industry, focused on the industrial, defence, bio-medical and scientific markets.

Blueglass’s share price was up 51.3% for the month with the share price reacting positively to the news that the Company had been named as a member of the Commercial Leap Ahead for Wide-bandgap Semiconductors (CLAWS) Hub.

The US Department of Defense awarded US$238 million in funding for the establishment of eight Microelectronics Commons regional innovation hubs. The Microelectronics Commons is focused on bridging and accelerating the lab-to-fab transition and mitigating supply chain risks and will supercharge America’s ability to develop, prototype, manufacture, and produce cutting-edge microelectronics at scale.

The CLAWS Hub, led by North Carolina State University (NCSU), has been awarded US$39.4M for the base year of performance and consists of seven hub members.

The CEO of Blueglass stated that “the work we will be contributing to the hub perfectly aligns with Blueglass’ wide-bandgap and extended-wavelength roadmaps and will leverage the benefits of our proprietary RPCVD technology.”

Wide-bandgap semiconductors offer higher voltage and temperature capacity than traditional silicon chips. They have wide and growing applications in power electronics, radio frequency, and wireless devices; as well as photonics devices such as visible lasers for next-generation sensing, communications, artificial intelligence, and quantum technology applications.

Blueglass is still in the early stages of growth with the Comp-

any only recently generating initial product revenues. In its Annual Report the Company stated that it is partnering with several industry leaders to validate its products. Visible GaN lasers increasingly underpin advanced industries and technologies, used in everything from raw materials processing, satellite communications, quantum computing, defence and aviation, through to medical and biotech applications. The increased application has resulted in GaN lasers forecast to be a US$2.5 billion segment of the broader laser market by 2025.

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