Bluglass Limited (AU:BLG) has released an update.
BluGlass Limited has advanced its semiconductor technology through a Memorandum of Understanding with Applied Energetics to develop high-tech laser systems for military and commercial use, and raised $10.17 million to expedite production of their innovative gallium nitride lasers. These developments have been bolstered by significant progress on their Microelectronics Commons’ CLAWS Hub contract and partnerships to secure key patents for Distributed Feedback lasers. The company continues to engage with potential customers and has shipped multiple laser orders, marking a robust quarter of strategic growth and technological milestones.
For further insights into AU:BLG stock, check out TipRanks’ Stock Analysis page.
