In This Issue
Common Retirement Fund Investment
$528 Million Available for NYS Companies Through Pension Fund In-State Program
New York State Comptroller Thomas P. DiNapoli announced a series of regional meetings to help identify potential investments for more than a half-billion dollars available through the New York State Common Retirement Fund's In-State Private Equity Investment Program. DiNapoli said the In-State Fund has $528 million remaining from the $931 million committed to the program.
Said Napoli, "We have a half-billon dollars we want to invest in innovative, cutting-edge technology that is being developed by the best minds in New York. In today's economic environment, the temptation for some investors may be to run and hide. But now is not the time to be timid. I have a fiduciary obligation to find sound investments that will provide strong returns. The In-State program has already helped us find some of those investments right here in New York. We'll be traveling the state looking for more in-state investments that will give us a great return on investment and also help New York's economy."
DiNapoli released a report that found the In-State Program leveraged more than $3 billion of additional investment, helped create thousands of jobs, and achieved a 30 percent rate of return on exited investments. DiNapoli's report notes that to date the Fund has exited 27 companies and achieved an internal rate of return of more than 30 percent, returning $134.1 million to the Fund on $74.9 million invested. In addition, the In-State Private Equity Program achieved a full return on all of its portfolio investments in Summer Street Capital, generating a gross total cash-on-cash return on investment of 3.5 times the Fund's investment and an internal rate of return of 55 percent per annum. Summer Street Capital Partners generated above top-quartile industry performance for the Fund.
"We have benefited from the incredible investment opportunities within New York state and with the capital, support and prestige of the Common Retirement Fund, Summer Street was successful in providing capital necessary to grow and expand New York's small businesses." said Brian D'Amico of Summer Street Capital.
"State Comptroller DiNapoli is committed to expanding the In-State Program and to helping develop New York-based companies," said Bill Mulrow, managing director of Paladin Capital Group. "The Common Retirement Fund's in-state investments enable innovative private equity investors, like Paladin Capital Group, to establish a firm foothold in New York and ensures the state is home to groundbreaking research and technology. This is a great partnership and great program."
DiNapoli's report also notes the Fund's commitment to the Program has grown to $931 million, and the actual investment in New York companies more than doubled to $403.6 million in March 2009 from $195.7 million in December 2006. In addition, since the Program's inception in 1999, the Fund's investments have leveraged $3 billion in additional investments from other sources. DiNapoli is holding the meetings and participating in events to inform New York entrepreneurs and businesses about the opportunities available through the In-State Program. The first In-State Private Equity presentations were held in New York City, Ithaca, Syracuse, and Long Island. Albany's event will be on May 20, Rochester's on June 2, Buffalo's on June 25 and Potsdam on September 8. DiNapoli's report also provides an overview of the Program's progress since it began in 1999:
Through its In-State Private Equity Program, the Fund invests with private equity managers who seek to invest in New York state companies that require capital for growth. The program, created in 1999 with the support of the state Legislature, targets investment of state funds in the New York state economy. The program is designed to provide investment returns consistent with the risk of private equity while also expanding the availability of capital for New York businesses. The program also helps generate jobs and private sector investment in the state.
About the Common Retirement Fund: The New York State Common Retirement Fund is the third largest public pension plan in the United States with more than one million members, retirees and beneficiaries from state and local governments. Comptroller DiNapoli is the sole trustee of the Fund and manages a diversified portfolio of public and private equities, fixed income, real estate and alternative instruments.
SmartStart UNYTECH Venture Forum
May 19-20, 2009 | Crowne Plaza Albany, NY
2009 SmartStart & UNYTECH Venture Forum is a combined event for venture-ready companies interested in getting their company in front of venture funds, and university spin-out companies to showcase their technologies and attract investment partners.
This unique event displays the very best early-stage companies from throughout the entire state of New York. Venture capital funds, seed investment funds and angel groups and investors can meet with and learn more about these company's teams, technologies and plans for succeeding in the marketplace.
Additionally, experienced entrepreneurs are exposed to upcoming companies for their potential involvement, and many of the venture company service providers will also be on hand at this showcase event.
New York State Comptroller, Thomas Dinapoli will be a keynote speaker at the event.
We are deeply saddened by the passing of our friend and colleague Arne Lindquist. Arne passed peacefully on April 2, 2009 at the age of 51 after a long and courageous battle with the auto-immune disease sarcoidosis. Arne was a loving husband to Nancy Lindquist and father to Anika and Erik. Arne is also survived by his parents, siblings, other beloved relatives and many friends. He was a long-standing and respected member of the Optics community.
After graduating from high school as class president, Arne was appointed to the US Coast Guard Academy. He decided military life was not for him and turned to RIT for a design degree. Arne worked his way through RIT as an apprentice optician under Horst Koch of Planar Optics, launching the beginning of a successful career in optics.
In his next job, Arne was mentored as an optician under Herb Graf at the University of Rochester. He later worked closely with Professor Steve Jacobs at the Center for Advanced Technology (CAT) developing some of the earliest techniques to polish damage free surfaces for the OMEGA laser at LLE. Eventually Arne became part of the development team at the Center for Optics Manufacturing (COM) working under Harvey Pollicove, where he played a key role in the advanced manufacturing technologies that were developed over the years. He also served as an active member of the organizing committee for the OSA Topical Meetings on Optical Fabrication and Testing throughout the 1990s.
In his next career move, Arne left the University environment to join Tropel Corporation working in their advanced manufacturing group. He became so proficient with the latest CNC technology at Tropel that he was eventually recruited to join Schneider Optical Machinery, one of the leading optical equipment companies. As head of North American Sales for Schneider, and later as President of his own agency, Optofabrik, Arne had a successful career selling the most advanced equipment to our industry. Arne was very well known and respected as a trusted advisor, applications specialist, and true friend to his many customers and colleagues throughout North America and around the world.
A celebration of Arne’s life will be held on Monday, May 11 at 7pm in the University of Rochester Interfaith Chapel where Arne and Nancy were married 26 years ago. There will be a reception immediately following the memorial celebration in the lower level of the chapel. Dress is casual and happy. As his wife Nancy said, Arne would be wearing shorts!
A long battle with such a terrible illness is extremely difficult and takes its toll on a family in many ways. In lieu of flowers, please consider making a donation directly to Arne’s family in care of Nancy Lindquist, 71 Radcliffe Rd, Rochester, NY 14617.
At his request Arne’s body has been donated to the Science Life Foundation in the hope that the cause and cure for sarcoidosis will be found. If you would like to support this effort, donations can be made in Arne’s name to the Foundation for Sarcoidosis Research, 122 South Michigan Avenue, Suite 1700 Chicago, IL 60603, 312-341-0500 (www.stopsarcoidosis.org).
Events and Conferences
University of Rochester
Photonics North 2009
CLEO / IQEC 09
World Science Festival
Photonics Festival in Taiwan 2009
SPIE Optics + Photonics
SPIE Photonics West
Come to SPIE Optifab, the most important optical fabrication event in North America... that happens onlyonce every other year.
Spend a day on the Optifab show floor and you'll see:
And it's all in one place.
ANSI Approves New Surface Imperfection Standard
The American National Standard for optics surface imperfections, OP1.002, has been revised by the American Standards Committee for Optics, ASC/OP, and the change was approved by the American National Standards Institute for distribution. The new version, OP1.002:2009, represents a significant advance for the American optics industry, especially laser optics manufacturers and users, as it allows either a visibility method or a dimensional method for scratch and dig specification. The prior version offered only the visibility method, based on MIL-PRF-13830B.
Scratch and dig specifications are among the most misunderstood and misused notations in the optics community. Although the original surface imperfection standard established by the Army in 1945 has not changed significantly in more than 50 years, there is confusion in industry as to whether you can use high intensity illumination (you can't) or magnification (only under specific conditions, and only to 4x), or even measure the scratches under a microscope, rather than judge the visibility of the scratches subjectively, as the standard requires. The visibility method of OP1.002, first released in 2006, cleared up much of this confusion by streamlining the surface imperfection sections of MIL-PRF-13830B, clarifying the language and providing diagrams of the test methods that are allowed. While an improvement, the standard did not address the subjectivity of the test, or the needs of the laser optics community for a method to control actual dimensions of imperfections down to one micron or even less.
Part 7 of ISO 10110, the international drawing notation standard, provides a dimensional method of specifying surface imperfections which is based on the German DIN standard 3140. Some users of that standard, however, complain that it is too costly to implement as it requires the measurement of every scratch and dig against a chrome on glass comparator, and the accumulation rules are obscure and difficult to implement. As a result, it has not been accepted in the US as a national standard.
The new version of OP1.002 retains the visibility method, but also incorporates the dimensional method used in MIL-C-48497 and MIL-F-48616, which specifies the scratch width in microns. This allows for a more objective specification and validation using either visual comparison or microscopy. But unlike the MIL standards, it adds the capability to specify scratches and digs smaller than 5 microns. It is available for purchase in .pdf form through the ANSI Online store, or in paper form from OEOSC.
All of these standards and more are the subject of my course during OptiFab: Understanding Scratch and Dig Specifications. In that course we discuss all the pitfalls and problems associated with the various methods of specifying scratch and dig, and review how to pick a specification for your application. Particular attention is paid to the new standard, OP1.002:2009.
SBIR 09.2 Solicitation was issued for public release on April 20, 2009.
The Army, Navy, DARPA, DTRA, DMEA, and OSD invite small businesses to submit proposals under this solicitation. During the pre-release period, which ends on May 17, you may contact the topic authors directly (contact information is listed with the topic) to ask technical questions about specific solicitation topics. The DoD will begin accepting proposals on May 18, 2009 and will close to proposals on June 17, 2009 at 6:00 a.m. ET. Plan ahead and submit your proposal early to avoid the risk of Web site inaccessibility due to heavy usage on the final day.
Collaborative Effort Winds Phase II Award
In March, ASE Optics was awarded a Phase II SBIR contract to continue development of a multi-point probe for non-contact optical metrologyof freeform surfaces. This research is being performed in collaboration with OptiPro Systems. The project has been developing a new type of probe for Lumetrics' OptiGauge that is geared to surface metrology, rather than thickness metrology.
Defense & Security Recap
SPIE Defense, Security, and Sensing draws record attendance
Infrared, imaging, displays, and sensing technologies were among the top-drawing topics for the record-breaking crowd at the SPIE Defense, Security, and Sensing (DSS) symposium in the Orlando, Florida, World Center Marriott Resort and Convention Center.
The symposium drew 6,124 attendees to technical conferences and an exhibition focused on optics and photonics technologies for industrial, commercial, and defense applications. Prof. Kazuo Hotate of the Univ. of Tokyo was presented with a Lifetime Achievement Award in recognition of his work in fiber optic smart sensors. A panel on funding featuring three government executives was among sessions that drew overflow audiences, and a two-day session celebrated the 50th anniversary of the invention of the ground-breaking infrared technology of the mercury-cadmium-tellurium detector.
Company representatives reported good traffic in the largest ever, 515-company DSS exhibition, but not all exhibitors found much in the way of new potential customers. Among optics and optical component manufacturers, diamond turning was hot.
Several industry leaders and conference presenters were interviewed for video and podcasting from the SPIE Newsroom, and interviews are being posted over the next few weeks. Available now are a video interview with Norman Augustine, retired Chairman and CEO of Lockheed Martin, and a podcast and transcript of Augustine's overflow plenary talk on global competitiveness and re-engineering engineering.
New Products, Opportunities, Web Revisions
New Scale Technologies announced that it has developed new rotary piezoelectric motors using its patented SQUIGGLE micro motor technology. The custom rotary micro motors were developed for NASA Jet Propulsion Laboratory's Cobra fiber positioner, part of the Wide-Field Multi Object Spectrometer (WFMOS) to be commissioned on the Subaru Telescope on Mauna Kea, Hawaii in 2013.
Each Cobra fiber positioner comprises one SQR-2.4 and one SQR-4.6 rotary piezo motor in a two-stage theta-phi configuration. Overall positioner dimensions are 8 mm diameter x 85 mm length. The WFMOS will have 2400 Cobra positioners in a close-packed hex array pattern on 8-mm centers.
JML's new e-commerce web-site is now on-line. This user friendly, comprehensive web-site explains JML's optical manufacturing and coating capabilities, including technical information and over 4000 stock optical products.
Thousands of stock catalog items are listed and searchable with the "Lens Finder" feature. The new shopping cart enables customers to place orders 24 hours a day, 7 days a week. Paypal and all major credit cards are accepted. JML's extensive, down-loadable test plate list, as well as other helpful technical information is all right there at your finger tips, including an enhanced version of the Optical Calculator.
JML Direct Optics - ISO-9001:2000 Certified
Optimax has on-going research and process engineering for manufacturing off-axis aspheres by raster grinding and polishing the off-axis segment of a master lens with CNC machines. The use of traditional CMM probing, surface profilometry and interferometry are available to qualify the surface. For more information, contact Brandon Light at blight[at]optimaxsi.com
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New York Photonics and The Rochester Regional Photonics Cluster (RRPC) are not-for-profit organizations founded to promote and enhance the New York State photonics, optics and imaging industry by fostering the cooperation of business, academia and government.