ASX Tech Stocks: BluGlass launches a suite of six new laser products

Semiconductor company BluGlass launches 6 laser products
QHL to produce Dronamics Black Swan unmanned cargo aircraft.
VR company Reality nabs $1.04m payment for police training system

Semiconductor player BluGlass (ASX:BLG) has launched a suite of six laser products at industry conference, SPIE Photonics West in San Francisco, USA.

The lasers are available to customers across 405nm, 420nm, and 450nm wavelengths in both single-mode and multi-mode devices.

The company says it has received interest from customers wanting to deploy its lasers in their product development programs, which span a multitude of applications including; 3D printing, quantum sensing and computing, material sensing, and flow cytometry.

“The release of these laser diodes reflects the significant performance and reliability improvements we have made over the past year,” president Jim Haden said.

“The market is telling us there is a growing need for a dedicated GaN laser supplier who can provide greater manufacturing agility and form factor flexibility, to enable manufacturers to expand their product offerings and market applications.

“We have several potential customers interested in our portfolio, and this significant milestone paves the way for first orders and commercial revenues.”

Haden said the company is planning to grow its product offering to include expanded wavelengths, higher-power, and novel laser architectures also progressing through the supply chain.

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QUICKSTEP HOLDINGS (ASX:QHL)

Aerospace composite company Quickstep has secured a contract award from Dronamics for the production and supply of their Black Swan unmanned cargo aircraft.

Dronamics is the world’s first cargo drone airline based in Europe, and their Black Swan is a large, unmanned aircraft designed to be capable of carrying 350kg of cargo in excess of 2,500km.

The contract will commence in March and covers Phase 0 engineering (Design for Manufacture) and Phase A supply (Prototype), on a full cost-reimbursement-plus-fee basis, of 10 low-rate initial production aircraft.

These will be split into deliveries of three aircraft by October 2023 and seven more by July 2024.

The anticipated value of the firm contract requirement is likely to be in the range of $4.5 to $5.5 million, the company says.

XREALITY GROUP (ASX:XRG)

The company has received the $1.04m payment for the sale of its Operator LE virtual reality training system to the Western Australia Police Force.

The virtual reality system allows officers to train more often, leading to increased preparedness across a broad range of scenarios centred on de-escalation tactics, use of force decision making, and operational procedures.

“We are looking forward to seeing the WA Police train over 7,000 officers annually with the Operator LE solution,” CEO Wayen Jones says.

“The advanced payment enables a successful customer delivery while also strengthening our cash position.

“This supports XRG’s expansion into the global defence and law enforcement markets, of which there is a rapidly growing sales pipeline.”

The total contract value is up to $1.7m GST inclusive over a five-year period, covering software licensing and support for an optional further two years.