tiprankstipranks
Trending News
More News >

BluGlass Secures First Order with Indian Ministry of Defence for GaN Laser Development

Story Highlights
BluGlass Secures First Order with Indian Ministry of Defence for GaN Laser Development

Confident Investing Starts Here:

Bluglass ( (AU:BLG) ) has provided an announcement.

BluGlass Limited has become an approved supplier to the Indian Government’s Ministry of Defence, securing its first order valued at $230,000 from the Solid State Physics Laboratory. This order involves the development of gallium nitride-based laser diodes, highlighting BluGlass’s strategic partnerships and expertise in high-performance GaN laser technology. The collaboration positions BluGlass to support India’s technological advancements in defense applications, leveraging GaN lasers’ compact performance and stability for various advanced applications.

More about Bluglass

BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focusing on the industrial, defense, bio-medical, and scientific markets. The company is one of a few end-to-end GaN laser manufacturers globally, with operations in Australia and the US, offering custom laser diode development and manufacturing. BluGlass is recognized for its proprietary low temperature, low hydrogen, remote plasma chemical vapor deposition (RPCVD) technology, which enables the creation of brighter, better-performing lasers.

YTD Price Performance: -58.33%

Average Trading Volume: 2,405,022

Technical Sentiment Signal: Sell

Current Market Cap: A$20.18M

For an in-depth examination of BLG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1