In the quarterly report as of September 30, 2024, BluGlass (ASX:BLG) shared details of a partnership with Uviquity, a US-based startup specializing in broadband semiconductors and integrated photonics. Under a multi-year joint development agreement (JDA) announced on October 31, BluGlass will receive an initial sum of $1.2 million for the first phase of a project to develop heterogeneously integrated photonic integrated circuits (HIPIC). BluGlass’ proprietary GaN laser technology, known for its high power and efficiency, is central to the partnership, which could extend to two additional phases, each offering comparable financial potential.
BluGlass, based in Silverwater, Australia, is a semiconductor company renowned for its innovative gallium nitride (GaN) laser diodes used in the photonics, defense and environmental sectors. The company uses a unique manufacturing technique called Remote Plasma Chemical Vapor Deposition (RPCVD), a method designed to improve the performance of GaN-based devices by reducing hydrogen-bonded impurities. Its GaN laser technology enables applications ranging from precise underwater LiDAR to remote sensing, placing BluGlass among a limited number of companies with end-to-end GaN laser manufacturing capabilities.
Alongside the JDA, BluGlass is progressing its work with Macquarie University and Aurizn on the “blue ocean” LiDAR project, which aims to measure the temperature and depth of groundwater. This technology could support both defense and environmental initiatives by enabling effective detection of underwater objects, potentially improving climate models and maritime security. BluGlass will contribute its GaN laser diodes to the project, which can operate effectively at depths where conventional infrared lasers struggle.
BluGlass’ quarter also saw progress with the U.S. Department of Defense’s Microelectronics Commons CLAWS Hub project, where it completed the first year of a $2.6 million contract and is now in negotiations for a second phase. This contract, part of the Microelectronics Commons program, strengthened BluGlass’ position in the defense industry by increasing its visibility with major U.S. agencies and contractors.
Financially, the quarter reflected growth in BluGlass’ operations, with reported quarterly revenue of $1.04 million, driven by the NCSU CLAWS hub and laser orders, among other streams.
During the quarter, BluGlass also hosted the Semiconductor Australia 2024 conference, an event aimed at promoting interest in the Australian semiconductor industry, which remains small but critical. CEO Jim Haden stressed the importance of educating investors about the long-term potential of semiconductors, saying the market is expected to reach $1 trillion by 2030.