Tool Order: Coherent secures US$22 million in ‘Equinox’ solar equipment
In announcing its financial results for its first fiscal quarter, laser photonics specialist, Coherent, highlighted that it has received approximately US$22 million in new purchase orders for its laser based tools for solar cell processing, during the quarter. The company said that its second quarter revenue guidance includes approximately US$8 million from the solar production systems order. Coherent guided second quarter revenue of between US$135 to US$140 million representing a 10% to 14% sequential increase from first quarter revenue of US$122.8 million.