BluGlass Limited announced the launch of a new direct-to- market business unit to leverage the Company's unique RPCVD technology advantages in the high value, high margin GaN Laser Diode Market. High-brightness GaN laser diodes are used in a number of applications that include industrial lasers (cutting and welding), automotive and general lighting, displays, and life sciences. BluGlass' patented RPCVD platform and unique tunnel junction capabilities offer laser diode manufacturers a number of unique performance and cost advantages over the industry incumbent technology, including: Higher performing devices and reduced optical loss; Productivity and cost improvements; Unique laser diode design. BluGlass' is developing GaN laser diode prototypes and expects to deliver its first laser diode product next calendar year. These new products are expected to deliver a clear path to significant revenues from calendar year 2021.

The new business unit will be headed by the VP of Business Development, Brad Siskavich.