Company Interview / BluGlass laser focused turning its pipeline to profits

BluGlass (ASX:BLG) is pursuing commercialisation of next-generation gallium nitride lasers targeting defence, quantum computing, quantum sensing, and medical sectors. Chair, James Walker says BluGlass faces strong interest due to the unique advantages of its visible lasers over traditional alternatives.

The recent contract with the Indian Ministry of Defence demonstrates how BluGlass’s positioning attracts direct international opportunities.

Walker points to the company's strategic presence in the United States as part of their growth strategy. This has not only facilitated key partnerships with US defence hubs and universities but has also helped BluGlass meet compliance requirements more efficiently. The company currently markets six laser products and derives most revenue from product development contracts, with customer agreements often leading to long-term product supply deals.

Walker sees the next major challenge as executing on its robust sales pipeline. Investors are advised to watch for BluGlass converting pipeline opportunities into contracts and securing multi-year supply agreements over the coming 12 to 18 months.

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