Global semiconductor developer BluGlass Limited (ASX: BLG) has received a A$5.37 million Research & Development Tax Incentive (R&DTI) rebate from the Australian Federal Government, for development activities carried out across its Australian and US facilities in FY24.
BluGlass is developing a suite of commercial GaN laser products for the global defence, dual-use, quantum, and biotech industries. Visible GaN lasers are advanced semiconductor devices that are essential to the function of a wide variety of applications, including defence and aviation navigation, quantum sensing and quantum computing, advanced manufacturing, bio-medical devices, and in scientific research.
BluGlass CEO Jim Haden said, “We deeply appreciate the Australian Government’s R&D incentive program. The combination of this rebate with the US ME-Commons funding is crucial in supporting our development roadmap. The combination provides a non-dilutive cash injection that supports our groundbreaking technology development and advances BluGlass’ novel capabilities, expediting the development of next-generation GaN lasers to address significant unmet needs in critical emerging applications.”
About BluGlass
Developing leading-edge semiconductor manufacturing technology and devices for more than a decade, BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focused on the industrial, defence, bio-medical, and scientific markets.
Listed on the ASX, BluGlass is one of just a handful of end-to-end GaN laser manufacturers globally. Its operations in Australia and the USA offer cutting-edge, custom laser diode development and manufacturing, from small-batch custom lasers to medium and high-volume off-the-shelf products.
The Company combines its proprietary low temperature, low hydrogen, remote plasma chemical vapour deposition (RPCVD) manufacturing process with advanced device design and fabrication to deliver differentiated laser solutions. With end-to-end capabilities spanning epitaxy, device design, fabrication, and testing, BluGlass is well-positioned to support critical next-generation photonics applications and sovereign supply chains.
For more information, please contact:
Stefanie Winwood
+61293342300 |[email protected]
James Lennon, Automic Markets
+61414035704 |[email protected]
Samuel Samhan, BluGlass CFO
[email protected]
