SYGMA.Novosibirsk Has Sold Its Share in Laser Startup
In October 2018, SYGMA.Novosibirsk exited Femtotech startup developing the technology of laser modification of an optical fiber for optical sensors. The share was bought out by FORC-Photonics Innovative Enterprise, a producer of fiber optic systems.
Femtotech was created on the basis of the Institute of Automation and Electrometry of the Siberian Branch of the Russian Academy of Sciences in 2012. SYGMA.Novosibirsk invested in Femtotech in 2015, and this is why the company developed and patented a laboratory technology for applying fiber Bragg gratings using a femtosecond laser.
SYGMA.Novosibirsk is a part of the nanocenter network of the Fund for Infrastructure and Educational Programs of RUSNANO, which creates and develops technological businesses for sale.
“We are ready to leave the companies at any time, so when there is a buyer and the price is right, we sell. The return on the transaction was about 20%. We plan to continue to work with fiber optic sensors with a focus on end-use applications and production technologies,” said Boris Galkin, CEO of SYGMA.Novosibirsk.
The new owner of the company, FORC-Photonics, produces optical systems, and optical fiber with fiber Bragg gratings is a part of it.
“For us, buying a share in Femtotech means expanding processing capabilities for the production of fiber optic sensors using a FBG femtosecond recording technology. Since the technology is patented, it will provide a stable and guaranteed work in the market,” commented Alexey Zarenbin, CEO of FORC-Photonics.
About Fiber-optic Monitoring Systems
Optical sensors measure temperature, pressure, contraction/expansion; they are compact, do not require electricity, can operate in aggressive environments.
The optical fiber is connected to a light source and a scanning unit, which measures the reflection spectra from fiber Bragg gratings (FBG) and transmits the data to the control electronics. An FBG is a short segment of modified optical fiber that reflects particular wavelengths of light and transmits all others; a change in the transmitted/reflected spectrum allows for assessing a change in temperature, contraction/expansion, and pressure.
Fiber optic sensors can be used in construction, composite materials, oil and gas production, medical equipment, telecommunications, etc.
The Fund for Infrastructure and Educational Programs was established in 2010 in accordance with Federal Law No. 211-FZ “On reorganization of the Russian Corporation of Nanotechnologies.” The Fund aims to develop the innovative infrastructure in the sphere of nanotechnology and implement the educational and infrastructure programs already started by RUSNANO.
The supreme collegial management body of the Fund is the Supervisory Board. Under the Fund’s Charter, the competence of the Supervisory Council, in particular, includes the issues of determining the priority directions of the Fund’s activity, as well as its strategy and budget. The Chairman of the Fund’s Executive Board, the collegial management body, is the Chairman of the Board of Management Company RUSNANO LLC Anatoly Chubais; the Chief Executive Officer of the Fund is Andrey Svinarenko.