Salvo Technologies Announces the Formation of Torrent Photonics
January 1, 2024 | PRNewswireEstimated reading time: Less than a minute
Salvo Technologies announced today the formation of Torrent Photonics LLC. The formation of Torrent is the result of the Company's integration of its photonics entities into a newly formed business dedicated solely to the Photonics industry.
Torrent will be focused on providing best-in-class engineering and vertically integrated manufacturing capabilities for the defense, security, medical, industrial, and commercial end markets. Torrent through acquisitions and organic growth has rapidly ascended into being one of the largest, independent, diversified Photonics platforms with global manufacturing capabilities.
Torrent CEO John Dougherty states, "Our growth rate has been tremendous since our start in 2006. This growth has been fueled by key acquisitions like Pixelteq, Arrow Thin Films, Kreisher Optics and Graflex. Beyond acquisitions, the group has demonstrated a consistent track record of organic growth, with 25% growth experienced in 2023 alone. The focus in 2024 and beyond will be to build a focused, integrated organization that continues developing and manufacturing robust and innovative systems for our worldwide customer base."
Suggested Items
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Insight into Summit Interconnect's Success
04/30/2024 | Real Time with...IPC APEX EXPOShane Whiteside, CEO of Summit Interconnect, discusses the company's recent recognition as one of the best PCB fabricators in the industry by receiving IPC's Peter Sarmanian award. Whiteside touches on the impact of changes in the marketplace, such as the Defense Production Act and presidential determination, on their growth. Whiteside also shares the company's focus on mechanical and data automation to enhance manufacturing processes and anticipates more automation and evolution in the industry.
North American PCB Industry Sales Down 23.8% in March
04/29/2024 | IPCIPC announced the March 2024 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.13.