Feb 13, 2024
- BluGlass has raised AUD 4.3M via a Placement to institutional and sophisticated investors
- SPP Offer to raise up to AUD 9M; allows existing shareholders to participate on the same terms
- Funds will be used to scale product delivery to fulfill new and existing contracts, additional fab equipment, and working capital
Feb 13, 2024
Jan 31, 2024
Highlights:
- Signed A$2.6 million contract with North Carolina State University (NCSU) for laser development activity, as part of the Commercial Leap Ahead for Wide Bandgap Semiconductors (CLAWS) Hub
- Acquired contract manufacturer GaNWorks Foundry and completed vertical integration at BluGlass’ Silicon Valley fab
- Continued to grow customer engagement, and secured first purchase order of prototype gallium nitride Distributed Feedback (DFB) lasers
- Received $7.3 million R&D Tax Rebate
Jan 09, 2024
Highlights:
- BluGlass has received its first purchase order of alpha prototypes of its blue GaN Distributed Feedback (DFB) lasers
- Customer will use the 450nm DFB prototypes for testing in the development of next-generation defence, aviation, and scientific applications
Dec 21, 2023
- CEO Jim Haden, speaks to Finance News Network about the company’s $2.6M defense contract win and the recent strategic acquisition of GaNWorks Foundry.
- The video is available to stream here: www.bluglass.com/investor-webcast
Dec 15, 2023
US-based Stonegate Capital Partners has published a research update on BluGlass.
The report provides a description of:
- the GanWorks Foundry acquisition
- BluGlass’ contract with NCSU for laser development in the CLAWS Hub as part of the US Department of Defense Microelectronics Common
- a Stonegate Capital Partners company valuation of A$ 0.15 – A$ 0.19 per share