Monday, September 25, 2017

Source Photonics Expands In China

West Hills-based Source Photonics, a developer of Indium Phosphide lasers and components for the optical communications market, said today that it is in an expansion in China, and is opening up a new optical laser facility in the country. Source Photonics said the new facility will be established in Jintan, China, and will double its output of its InP lasers and other equipment. The new facility is in the Jintan Economic Development zone. Source Photonics--which is led by CEO Doug Wright, and backed by private equity investors--said production from the new facility will commence in Q2 of next year. Source Photonics is currently owned by a private equity group led by Redview Capital and Asia-IO, and also including TR Capital, Axiom Asia and Aberdeen Asset Management.