HFB Photonics Receives $50 Million Series A Financing to Advance High Power Fiber Laser Industrialization and Upgrade
Release Time:
2019-05-10 11:58
April 30, 2019, Shandong HFB Photonics Technology Co., Ltd. was awarded a Series A investment of 50 million RMB by AVIC Trust, which will be used for new product development, high-end fiber laser industrialization scale enhancement and market expansion.
-Strong combination of advantageous platform and enterprise
As one of the important financial platforms under Aviation Industry, AVIC Trust Co., Ltd. relies on the strong market, capital and resource advantages of Aviation Industry Group and AVIC Capital, and plays the platform functions of comprehensive financial services, aviation capital operation, investment in emerging industries and international business of capital for the characteristics of the industry chain and value chain of aviation manufacturing and operation.
Ltd. was founded by a team of returnee experts and is a national high-tech enterprise dedicated to independent research and development, production of fiber laser, fiber and fiber optic devices, Shandong Province Fiber Laser Engineering Laboratory, Shandong Province Advanced Laser Marine Engineering Equipment Technology Collaborative Innovation Center and other provincial innovation platforms, has applied for more than 80 patents, authorized three U.S. patents, eight Chinese invention patents, six scientific and technological achievements to fill the gaps in the country, the company has taken the lead in undertaking more than 10 national and provincial science and technology projects, including the national 863 project " Single fiber 10,000 watt fiber laser", the national key research and development program "high power narrow line width laser" and so on. It is a high-tech enterprise that can produce single-mode high-power fiber laser in China, which is supported by the Ministry of Science and Technology.
-Collaboration successfully reached, Haifu ushers in new development opportunities
Previously, the two parties have signed a strategic cooperation agreement, and after several discussions and finalized their investment intentions. In the first China General Aviation Innovation and Entrepreneurship Competition held in 2018, the company was selected as one of the national finalists with its outstanding team and technical advantages. It is believed that with the promotion and drive of this capital cooperation, the company's R&D, production and operation management will reach a new level, which will promote the company's promotion and application in aerospace and other high-end fields. We believe that with this capital cooperation, the company's R&D, production and operation management will be further advanced, which will promote the promotion and application of the company's high-power fiber laser in high-end fields such as aerospace and support the implementation of China's intelligent manufacturing development strategy.
Yao Jiangtao, Secretary of the Party Committee and Chairman of AVIC Trust Company Limited, said that AVIC Trust, as an important financial platform under the aviation industry, has a strong shareholder background, and the main industry of aviation has always been the focus of attention and service of AVIC Trust. This is in line with the goal, philosophy and belief of Aviation Industry Group, which is to "serve the country with aviation and strengthen the country with aviation". It is believed that in the future cooperation, Haifu Photonics and Aviation Industry Group will continue to expand the application space of high performance and high power fiber lasers in high-end fields such as aerospace, and enhance the voice of China's fiber lasers in the international market, so as to finally achieve a new pattern of market development, enterprise profitability and investor satisfaction.
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Our company mainly deals with products such as 10,000 watt laser, laser cutting, laser welding, laser cleaning, commonly used lasers, cladding lasers, fiber laser marking machines, high power lasers, q-regulated pulse fiber lasers, etc. The continuous breakthrough in laser technology and the resulting jump in laser power has brought one impact after another to the plate processing market.
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