Global semiconductor developer BluGlass (ASX: BLG) has secured a $1.2 million order for the first of a three-phase joint development agreement with Uviquity, a leading US-based venture-backed start-up pioneering integrated photonics.
The multi-year development agreement will see BluGlass and its collaboration partner develop novel photonic chips that combine highly complementary technologies for the production of Heterogeneously Integrated Photonic Integrated Circuits (HIPIC).
“This agreement leverages BluGlass’ core epitaxy, wafer fabrication, custom device capabilities, and our ability to solve our customers' greatest challenges,” BluGlass CEO, Jim Haden, said.
“This JDA is a testament to our talented team and technological capabilities. BluGlass and Uviquity are joining forces to pioneer next-generation integrated photonics. We are excited to collaborate with Uviquity’s talented team, to bring their innovative products to market.”
Scott Burroughs, CEO of Uviquity, said BluGlass has developed leading blue semiconductor laser technology and production capabilities that enhances Uviquity’s next generation wide bandgap photonic integrated circuits.
“That combination makes BluGlass an ideal partner, and we are delighted to work with their exceptional team.”
The multi-phase, potentially three-year Joint Development Agreement has the potential for a minimum of two additional phases of non-recurring engineering, each with a similar revenue potential for BluGlass. The parties agree to execute a follow-on Master Supply Agreement to produce the HIPIC devices, six months before the completion of the development phases, with significant commercial potential.
