Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Salvo Technologies Announces the Formation of Torrent Photonics
January 1, 2024 | PRNewswireEstimated reading time: Less than a minute
Salvo Technologies announced today the formation of Torrent Photonics LLC. The formation of Torrent is the result of the Company's integration of its photonics entities into a newly formed business dedicated solely to the Photonics industry.
Torrent will be focused on providing best-in-class engineering and vertically integrated manufacturing capabilities for the defense, security, medical, industrial, and commercial end markets. Torrent through acquisitions and organic growth has rapidly ascended into being one of the largest, independent, diversified Photonics platforms with global manufacturing capabilities.
Torrent CEO John Dougherty states, "Our growth rate has been tremendous since our start in 2006. This growth has been fueled by key acquisitions like Pixelteq, Arrow Thin Films, Kreisher Optics and Graflex. Beyond acquisitions, the group has demonstrated a consistent track record of organic growth, with 25% growth experienced in 2023 alone. The focus in 2024 and beyond will be to build a focused, integrated organization that continues developing and manufacturing robust and innovative systems for our worldwide customer base."
Share on:
Suggested Items
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
Global Semiconductor Manufacturing Industry Records Strong Growth in Q3 2024
11/20/2024 | SEMIThe global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum with all key industry indicators performing positive quarter-on-quarter (QoQ) increases for the first time in two years.
AI Servers and EVs Drive China's PCB to $26.79B in 2024
11/19/2024 | TPCAThe Taiwan Printed Circuit Association (TPCA) and the Industrial Technology Research Institute (ITRI) recently released the 2024 China PCB Industry Dynamics Report.
Sluggish Telecom Market Growth Prompts Operators to Become Full-Stack Technology Suppliers
11/18/2024 | IDCWorldwide spending on telecommunications and pay TV services will reach $1,544 billion in 2024, representing an increase of 2.4% year-on-year, according to the Worldwide Semiannual Telecom Services Tracker published by International Data Corporation (IDC).
Foxconn Posts Q3 2024 Financial Results
11/15/2024 | FoxconnRevenue reached NT$1.85 trillion, and for the cumulative January-September period revenue totaled NT$4.7 trillion, both setting new highs for the same period compared to previous years.