Latest Bluglass (ASX:BLG) News

BluGlass and North Carolina State University have secured a third-year contract extension worth A$1.05 million from the U.S. Department of War’s CLAWS Hub, reinforcing their role in advanced gallium nitride laser development for defence and quantum technologies.

BluGlass Limited reports a robust project pipeline exceeding US$100 million, bolstered by initial orders from Collins Aerospace and Infleqtion Inc, alongside strategic board appointments and a $6 million R&D tax rebate.

BluGlass Limited reported a 16% rise in revenue to $11.7 million for FY25, driven by key US Department of Defense contracts and new partnerships. However, the company’s net loss increased 8% to nearly $11 million amid ongoing R&D investment and operational scaling.

BluGlass Limited has secured its first order from the Indian Department of Defence and reported a significant 16% improvement in visible laser efficiency, alongside raising $7.6 million to support growth.

BluGlass has successfully raised $7.6 million through a placement and Share Purchase Plan to accelerate production of its advanced gallium nitride lasers and support a robust contract pipeline.

BluGlass Limited has extended the closing date of its Share Purchase Plan to 18 June 2025 and introduced a New Commitment Offer to secure up to $1.5 million if initial subscriptions fall short of $6 million.

BluGlass Limited has extended its Share Purchase Plan closing date to June 18, 2025, securing an extra $1.5 million in institutional commitments to accelerate production of its gallium nitride lasers.

BluGlass Limited has extended the closing date of its Share Purchase Plan to June 13, 2025, giving eligible shareholders more time to subscribe at a discounted price. The move aims to maximize participation ahead of a crucial shareholder vote.

BluGlass Limited has become an approved supplier to the Indian Ministry of Defence, landing its first $230,000 order for gallium nitride laser development from a leading Indian research lab.

BluGlass Limited has launched a $6 million Share Purchase Plan (SPP) offering new shares with attaching options to eligible shareholders, aiming to fund the scale-up of its visible laser production and support ongoing product development.

BluGlass has completed a $2.3 million placement and launched a $6 million Share Purchase Plan to fund scaling of its GaN laser production, targeting high-growth sectors including quantum sensing and defense.

BluGlass Limited has achieved a world-record 1250mW single-mode GaN laser chip and strengthened its commercial pipeline with a $120,000 repeat order, positioning itself for rapid growth in photonics markets.