Welcome to our dedicated page for Coherent news (Ticker: COHR), a resource for investors and traders seeking the latest updates and insights on Coherent stock.
Coherent Corp. reports news on a vertically integrated photonics business that develops lasers, transceivers, optical and optoelectronic components, modules, systems and engineered materials. Its updates commonly focus on financial results, capacity expansion and technology demand tied to datacenter communications, industrial applications and broader communications markets.
Recurring product news covers AI datacenter infrastructure, co-packaged optics, pluggable transceivers, multi-rail optical transport and materials platforms such as Indium Phosphide, silicon photonics, VCSELs and silicon carbide epitaxy. Company announcements also describe optical building blocks including lasers, modulators, photodiodes, pump lasers and monitoring components used in network and power applications.
Coherent Corp. (NYSE: COHR) announced significant advancements in sustainability, achieving over 50% of its global electricity needs from renewable sources. The company powers more than 80% of its facilities worldwide with renewable electricity, totaling over 500 million kWh annually and avoiding 85,000 metric tons of CO2 emissions. Notably, all European facilities run on 100% renewable power, and key sites in China are transitioning to the same. Coherent is committed to enhancing energy efficiency, with projects aimed at saving 15 million kWh this year. Additionally, efforts are underway to eliminate fossil fuel usage entirely, highlighted by a 50% reduction in fuel oil consumption at its Zurich facility, targeting complete elimination by 2025.
Coherent Corp. (NYSE: COHR) has successfully progressed to Phase 2 of its lithium-sulfur (Li-S) battery development, awarded by the U.S. Intelligence Advanced Research Projects Activity (IARPA). This follows a successful Phase 1 completion in October 2021. The RESILIENCE program aims to enhance energy densities by up to 2x and extend calendar life by 10x compared to commercial batteries. Coherent's proprietary technology focuses on high-energy-density sulfur cathodes, achieving up to 450 Wh/kg in Phase 2. This development targets applications in vehicles, renewable energy storage, and consumer electronics. The technology incorporates cobalt-free materials and allows for rapid charging and discharging, indicating significant advancements in battery performance and sustainability.
Coherent Corp. (NYSE: COHR) announced an innovative module architecture for ultracompact optical sensing, utilizing backside-emitting VCSEL arrays. This technology addresses the rising demand for compact optoelectronic subassemblies in consumer electronics, enabling high-performance functionality like pattern projection and flood illumination. The patented design, featuring a flip-chip assembly, enhances sensor accuracy by minimizing parasitic inductance. Key advancements include improved depth resolution and optical integration, with a focus on dynamic scene illumination. Coherent's patent portfolio includes U.S. patent 11,189,985 B2.
Coherent Corp. (NYSE: COHR) announced its live demonstration of groundbreaking 200G four-level pulse amplitude modulation (PAM4) laser technology at OFC 2023 in San Diego from March 7-9. This demonstration features a monolithic photonic integrated circuit (PIC) combining a distributed feedback laser (DFB) with a Mach-Zehnder modulator. It showcases innovations enabling 1.6T transceivers with a reach of up to 10 km. Dr. Beck Mason emphasized that this marks a significant achievement in optical communications, enhancing performance and signal integrity for high-density multichannel designs.
Coherent Corp. (NYSE: COHR) showcased its latest innovations in optical communications at OFC 2023 in San Diego, demonstrating a 200 Gbps optical transceiver and a co-packaged multimode optical engine operating at 50 Gbps NRZ. The 200G OSFP transceiver offers up to 2 km reach and is aimed at next-gen Ethernet switches. Additionally, the 800G multimode optical engine features 16 channels and is designed for high-demand applications like AI and machine learning, with low power consumption. These technologies highlight the company's commitment to advancing data networking solutions.
Coherent Corp. (NYSE: COHR) announced participation in OFC 2023, held from March 7-9 at the San Diego Convention Center. Key presentations include:
- Dr. Julie Sheridan Eng on optoelectronic components, March 7, 2:00 p.m.
- Dr. Lee Xu on PAM vs. Coherent connectivity, March 7, 12:15 p.m.
- Dr. Gert Sarlet on OpenZR+ MSA developments, March 8, 11:45 a.m.
- Dr. Jack J. Xu on ROADM technologies, March 9, 10:30 a.m.
Additionally, Dr. Giovanni Barbarossa will take part in a fireside chat at the Optica Executive Forum. Coherent focuses on innovative technologies across materials, networking, and lasers.
Coherent Corp. (NYSE: COHR) is set to unveil its innovative 100ZR transceiver at OFC 2023, equipped with the first purpose-built Steelerton™ digital signal processor (DSP) optimized for low power and size. The demonstration will showcase the transceiver's capabilities over 100 km of fiber. Coherent aims to simplify network structures, offering significant cost savings for operators. Furthermore, the company will exhibit its 400G transceivers in interoperability demonstrations, highlighting its position in the optical communication market.
Coherent Corp. (NYSE: COHR) has launched a new line of 100G PAM4 VCSEL and photodiode arrays aimed at enhancing 800G short-reach datacom transceivers and active optical cables (AOCs). These innovative eight-element VCSEL arrays transmit data at 800 Gbps, catering to the accelerating demand from cloud and AI service providers for megascale datacenter expansions. The arrays utilize a vertically integrated 6-inch gallium arsenide platform, showcasing distinct reliability and efficiency for future sustainability in datacenters. Coherent plans to exhibit these advancements at OFC 2023 in San Diego, reinforcing its market position and technological leadership.
Coherent Corp. (NYSE: COHR), a leader in materials and lasers, will present at the Susquehanna 12th Annual Technology Conference on March 3, 2023, at 3:00 p.m. ET. Key participants include Mary Jane Raymond, CFO, and Dr. Sanjai Parthasarathi, CMO. A live audio webcast will be available through the Investor Relations section of Coherent's website, with a replay accessible afterward. Coherent, headquartered in Saxonburg, Pennsylvania, focuses on innovative technologies across various markets including industrial and communications. For more details, visit coherent.com.
Coherent Corp. has successfully transferred its common stock and its 6.00% Series A Mandatory Convertible Preferred Stock listings from Nasdaq to the New York Stock Exchange (NYSE). This transition took effect on February 23, 2023, following the cessation of trading on Nasdaq the previous day. The company's common stock will now trade under the symbol COHR while the preferred stock will trade as IIVI. CEO Dr. Vincent D. Mattera, Jr. expressed excitement over this move, highlighting it as part of the company's ongoing transformation aimed at enhancing shareholder value.