Australian semiconductor developer, BluGlass Limited (ASX: BLG), is pleased to provide this Quarterly Update to accompany the Appendix 4C Quarterly Report for the three months ended 31 March 2020.

Highlights for the period include:

  • Laser Diode business progress

  • Engaged Laser Diode customers to develop test products for delivery end of CY2020.

  • repeat customer revenues anticipated to commence early CY2021

  • RPCVD tunnel junction laser diode structures show promising performance potential

  • BluGlass’ US test facility nears completion

  • Completion of a $5.8M Rights Issue and Shortfall placement

  • RPCVD Tunnel Junction Paper for Laser Diode Applications presented at Photonics West

  • Cost reduction measures announced for the remaining FY2020

The Quarterly Report and 4C is available to download here

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