The BluGlass Board and Management present the Group’s audited Half Year Report for the Half Year Ended 31 December 2024.
H1 FY25 in Review
- Signed a US$1.925 million (A$2.9 million) contract with North Carolina State University to enhance BluGlass’ GaN DFB laser technology for quantum computing and intelligence applications
- Secured A$1.2 million for the first phase of a multi-year Joint Development Agreement with a US venture-backed start-up company to make photonic chips more powerful, efficient, and scalable, paving the way for next-gen technologies revolutionizing data processing and connectivity
- Partnering with Macquarie University and defence company Aurizn on the 12-month blue ocean LiDAR project to develop a new laser-based method to measure subsurface water temperature and depth
- Filed three US patent applications for high-power tunable GaN lasers, increasing BluGlass’ strategic capability to capitalise on growth markets of quantum sensing, communication, and computing
- Received A$5.7M R&D tax rebate
- Showcased new product capabilities and performance data at SPIE Photonics West
- Successfully launched Semiconductor Australia 2024, Australia’s premier investor conference for the semiconductor, quantum, and photonics industry
- Continued to grow revenue pipeline and advance customer negotiations
The Appendix 4D and Half Year Financial Report is available to download here: Appendix 4D and Financial Report 31 Dec 2024
