QUARTERLY REPORT & APPENDIX 4C

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