Bluglass Limited (AU:BLG) has released an update.
BluGlass Limited, an Australian semiconductor company, has collaborated with Macquarie University and Aurizn to develop a groundbreaking blue ocean LiDAR technology for measuring underwater temperature and depth. The technology promises enhanced maritime defense capabilities and environmental monitoring, with potential commercial applications following successful trials. While BluGlass’s contribution to the project’s revenue is minimal, the partnership is expected to pave the way for future commercialization opportunities in line with the company’s strategic focus on defense and dual-use technologies.
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