Company Interview / BluGlass shines in US reshoring boom

Key points:

- BluGlass (ASX:BLG) leverages US presence for growth in defence and aerospace

- Recent acquisitions and a skilled team enable access to US government contracts

- ASX offers strategic capital-raising opportunities for technology firms

- Granit views Australian technology stocks as undervalued with global potential

Omer Granit shares a positive outlook on BluGlass (ASX:BLG), highlighting its strategic positioning amid the global shift towards reshoring and repatriating supply and production chains. Granit points out BluGlass’s critical role as a producer of GaN lasers, diodes, and semiconductors, with applications in defence, aerospace, quantum computing, and cybersecurity. BluGlass's recent acquisition of a semiconductor fab in California and its testing site in New Hampshire are considered significant steps, placing the company in a strong position to secure contracts in the US defence and aerospace sectors.

Granit notes the importance of BluGlass’s presence in the United States, providing the company with access to grants, capital, and government benefits previously experienced at MRO international and through favourable loans from the US Exim Bank. His background in capital markets and experience with companies like Amero and Bionic (ASX:BNO) inform his view that BluGlass is well-positioned to benefit from on-shoring trends and changing landscapes in advanced manufacturing.

Addressing BluGlass’s ASX listing, Granit regards it as a significant advantage for accessing growth capital. He points to a track record of raising substantial equity and debt in Australia, describing many ASX-listed technology companies as undervalued and ripe for global expansion if they demonstrate clear profitability and growth opportunities.