BluGlass Wins A$1.05m U.S. Microelectronics Contract Extension for GaN Laser Development

BluGlass ( (AU:BLG) ) just unveiled an announcement.

BluGlass has secured a third-year extension to its contract under the U.S. Department of War’s Microelectronics Commons program, adding US$680,000 (A$1.05 million) to its existing agreement within the Commercial Leap Ahead for Wide Bandgap Semiconductors (CLAWS) Hub led by North Carolina State University, bringing total awards to US$4.4 million (A$6.5 million) over the first three years. The new funding will support continued development of high-precision GaN lasers and integrated photonic technologies for defence, quantum and dual-use applications, reinforcing BluGlass’s positioning as a key commercialisation partner in the U.S. lab-to-fab ecosystem and providing non-dilutive capital that advances its technology roadmap, manufacturing capabilities and role in critical sovereign supply chains for emerging quantum and national security markets.

The most recent analyst rating on (AU:BLG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BluGlass stock, see the AU:BLG Stock Forecast page.

More about BluGlass

BluGlass Limited (ASX: BLG) is a global semiconductor company and one of a small number of fully integrated gallium nitride (GaN) laser diode manufacturers, supplying custom and off-the-shelf GaN laser products to the industrial, defence, biomedical and scientific photonics markets. Operating facilities in Australia and the US, the company leverages proprietary low-temperature remote plasma chemical vapour deposition technology and novel device architectures to deliver higher-performance lasers for next-generation photonic applications.

YTD Price Performance: 2.13%

Average Trading Volume: 121,567

Technical Sentiment Signal: Sell

Current Market Cap: A$31.39M

See more data about BLG stock on TipRanks’ Stock Analysis page.