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ASX Tech Stocks: This semiconductor player just sold its first commercial lasers
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- BluGlass nabs first purchase orders for gallium nitride lasers
- Spectur wraps up 3 Crowns Technologies acquistion
- Jayride sees first bookings from airportshuttles.com integration
Semiconductor player BluGlass (ASX:BLG) has received its first customer orders for commercial lasers.
Two leading laser original equipment manufacturers (OEM) in the quantum and industrial robotics segments have ordered the company’s 405nm and 420nm 250mW single-mode gallium nitride (GaN) lasers.
Revenues from these initial low-volume orders are immaterial; however, once the lasers are qualified, BluGlass expects to secure recurring larger-volume orders from these customers.
“These orders are an important step towards commercial revenues and demonstrate demand for our lasers from key industry players in underserved wavelengths, flexible form factors, and semi-custom designs,” President Jim Haden said.
“As a result of this increased interest in our newly released products, we expect additional orders from potential customers and partners to be imminent.”
The company is one of just a handful of gallium nitride laser manufacturers globally, operating in a high-value, high-margin semiconductor sector – which it says is worth around US$2.5 billion.
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The surveillance and security company has wrapped up its acquisition of 3 Crowns Technologies for $600k cash and $250k scrip valued at the 30-day VWAP at the time of completion.
3 Crowns Technologies uses AI to provide environmental data, analytics and reporting to government and corporate sectors – with its software able to solve problems in emergency services, smart cities, disaster management, public space management and environmental monitoring.
The company says the acquisition brings a range of technology that Spectur would otherwise be seeking to organically develop in the future, including a mature and proven cloud-based platform that integrates sensor and camera data into a single user interface, easily allows the integration of multiple AI applications into the central data and reporting platform – and rapidly and cost effectively can create or modify customer specific mobile applications.
“The acquisition of 3CT marks a material milestone in the growth of Spectur,” MD Gerard Dyson said.
“The platform of technology, people, customers and experience that we can now bring to sensing, thinking and acting in remote locations has taken a substantial leap forward.
“We are all looking forward to making our communities even safer and better.”
The airport transfer marketplace has expanded its footprint in the US, completing the acquisition of airportshuttles.com and integrated the booking system.
And MD Rod Bishop said the company has already received its first bookings ahead of the Northern Hemisphere summer peak season.
“The integration and testing were efficiently completed due to our familiarity with the AirportShuttles.com website, having previously been the exclusive supplier to the website,” he said.
“The assets we have acquired are a compelling fit with our growth strategy to build the world’s leader in rides for travellers.
“The traffic to the AirportShuttles.com website enhances the scale of our group, particularly in the United States, and accelerates our path to cash flow positive.”
The fintech player has officially launched its money management platform to the Aussie market, with the first stage being its micro-investing service which allows customers to automatically invest in one of six diversified portfolios managed by BlackRock – as well as high-conviction single stocks like Tesla, Apple, Microsoft and Disney.
“In a time of such great economic uncertainty, it is the right time to lean into our core responsible micro-investing service, which will help everyday Australians adopt sustainable money habits to live financially healthier lives,” founder and CEO Andy Taylor said.
The company says the new product will earn revenue through account, instant funding and foreign exchange fees as well as interest on cash balances – and that its fees include unlimited trading for $2.99 per month as well as a flat fee of $2.00 per month to invest in a managed portfolio.
“After dealing with delays resulting from the closure of Volt Bank, we are now firmly on track to deliver the reimagined card and account product in Q4, which will unlock the growth potential for the business by giving as a truly unique mass market value propositions in the market which to challenge the mono-line incumbents and win customers, supported by B2B2C partnerships,” Taylor added.
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At Stockhead we tell it like it is. While Spectur is a Stockhead advertiser, they did not sponsor this article.
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