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BluGlass (BLG): Initiation - Brighter future, lower temperature
= London, UK, 9 June 2021 BluGlass (BLG): Initiation - Brighter future, lower temperature BluGlass has pivoted its innovative compound semiconductor manufacturing technology onto the development of high performance laser diodes which it intends to start shipping at scale over the coming year. This will be a key step to achieving management s goal of capturing 8% of the laser diode market by calendar year 2026, potentially generating almost AUSD75m revenues annually. While management has not provided formal guidance, it aims to secure 6-10% of the global laser diode market by 2026, which it estimates will then total USUSD658m (AUSD849m). This represents annual revenues of around AUSD60-90m. It is dependent on BluGlass successfully completing the development of the next generation of higher performance laser diodes using its RPCVD technology. Based on our
The UK government has published Our 10 Tech Priorities, with a view to getting the UK back on its feet in the wake of the Covid-19 pandemic, among other things. The post is on the UK government s Department for Digital, Culture, Media & Sport site, and purportedly outlines 10 ways DCMS intends to deploy digital tech to build back better, safer and stronger from COVID, and shape a new golden age for tech in the UK . Since the publication, HEXUS has received some comments from investment and research organisations, and I will share summaries of these later.
So, what are the 10 points that will be at the heart of our recovery ? You might not be surprised that the government post mentions technologies like; 5G investment, data processing, building digital and cyber skills in the UK population, security for the digital economy, building on the UK s status as the tech startup hub of Europe, unleashing AI with the upcoming National Artificial Intelligence Strategy, being a free and fair