Peabody, Mass. – October 28th, 2020 SemiNex has won silver honors in the Laser Focus World Innovators Awards through its new Triple Junction laser diode. The SemiNex 1550nm triple junction laser diode enables a 300 meter eye-safe range for LiDAR systems and provides more than 20 times the photons/second than similar LiDAR at 905nm. The triple junction is the best in its class with 3 times the peak power of other 1550nm diodes. It produces more than 80 watts with 1 watt per amp efficiency enabling automotive LiDAR systems to reach 300 meters, allowing for high speed autonomous travel. Devices are available as a bare chip for integration onto existing control boards, standard TO cans and easy integration into range finding applications.
Peabody, Mass. – August 20, 2014 SemiNex Corporation, a Massachusetts-based manufacturer of high power laser diodes in the 1300-1700nm wavelength range, is announcing its inclusion in Inc. Magazine’s annual list of the 5000 fastest-growing companies in America. SemiNex ranked 1710 on the Inc. 500|5000 2014 list, available online at http://www.inc.com/inc5000/list/2014. Founded in 2003, SemiNex offers laser diodes with industry-leading power and efficiency, available as bare die or bars, as well as in a variety of packages for implementation into systems.
“We are honored to be named one of America’s fastest-growing companies,” said David Bean, founder and president of SemiNex. “We knew we had been experiencing rapid growth, but to receive an official acknowledgement has given the team a new sense of achievement.”
To be considered for inclusion in the Inc. 500|5000, businesses had to have revenue of at least $100,000 in 2010 and revenue of at least $2,000,000 in 2013. Among the top 5,000 fastest-growing companies in America, 174 were based in Massachusetts.
SemiNex supplies laser diodes to customers in the military, industrial, cosmetic, and medical fields. Due to their wavelength and power, SemiNex laser diodes are ideal for implementation in an array of applications, providing a wide customer base and multiple avenues for future growth.
SemiNex Corporation was invited to present at annual Mass MEDIC investors conference held on November 19, 2005. MassMEDIC’s annual MedTech Investors Conference is a showcase for the region’s emerging medical device companies. This year’s program was be held at the Park Plaza Hotel in Boston.
David Bean, SemiNex President, presented the company’s business plans and technical results. Mr. Bean’s presentation highlighted SemiNex’s initial sales to a leading medical system provider and the company’s world record laser performance.
For more information see http://www.massmedic.com/.
|By Christine Gillette|
Staff writer – Eagle Tribune
SALEM, Mass. — When it all came down to it, it was how well David Bean thinks on his feet that captured his company first place in the first North Shore Business Plan Competition.
Bean’s company, SemiNex Corp. of Middleton, was the winner of the $5,000 first prize Wednesday night. Taking second place and a $3,000 prize was BioPoint Solutions of Danvers, which has developed software to automate pre-clinical research in the drug discovery process. In third place, Custom Medicine of Beverly, which makes and sells compounded and other customized pharmaceuticals, won $2,000.
They were the top winners of the 24 businesses that participated in the first-ever competition, which kicked off in February. While the panel of a dozen judges reviewed the plans in writing, the head-to-head contest Wednesday night — presented before about 80 onlookers at Salem State College — was the deciding factor.
“It was very close,” said David Ives, chief executive officer of North Shore International Group/APEX Group Holdings, and one of the judges of the competition.
Each finalist was given 30 minutes to make their case, with the first 15 minutes going to the prepared presentation and the second to questions and answers from a three-judge panel.
Ives said the decision as to who won came down to how well the presenters addressed the panel’s impromptu questioning.
“I think they did the best job of answering questions put to them,” Ives said of SemiNex.
SemiNex is in the development phase on a high-power semiconductor laser that will be used in cosmetic procedures including reducing acne, wrinkles and scars. The technology uses a laser diode smaller than a grain of rice.
Although the company has two employees and a director now, SemiNex projects it will have 31 workers in two years and 100 in five, and Bean said he expects the company will stay in Middleton. As the winner of the competition, the company must have at least 10 employees in Essex County within two years.
“I think they could have the biggest potential economic impact,” judge Lars Swanson of BancBoston Ventures said.
Bean said the $5,000 first prize will go to help fund the production of a sample run of SemiNex’s product.
Contest runner-up Best Friends Bakery of Gloucester, which makes all-natural dog biscuits, did not present its business plan live Wednesday night, but still received a $1,000 prize. Based on the strength of its written business plan, organizers and judges decided to present a surprise honorable mention at the event.
Prior to the finals of the business plan competition Wednesday, an “elevator pitch” contest was held. The winner of the contest — in which an entrepreneur must offer a “compelling description” of their business in 90 seconds — was Powerhouse Enterprises.
In addition to the cash prizes awarded this week, organizers hope to find other ways to support all of the companies that competed going forward.
“I think we found a lot of wonderful companies,” said Christine Sullivan, executive director of the Enterprise Center at Salem State College, which organized the event with the North Shore Technology Council, Small Business Development Center, Cape Ann Business Incubator and the North Shore, Cape Ann, Beverly, Lynn Area, Marblehead, Peabody and Salem chambers of commerce.
Business sponsors were Eastern Bank and Banknorth. North Shore Business Plan judges
Henry Bertolon Jr., founder, NECX.com
David Baer, partner, Ruberto, Israel & Weiner, P.C.
C.W. Dick, managing director, Ascent Venture Partners
Tom Dusenberry, founder/chief executive officer, Call-It
David Ives, CEO, North Shore International
Group/APEX Group Holdings
John Shane, founder/president, Palmer Service Corp.
Joe Riley, senior vice president, Eastern Bank
Tom Riley, chairman/CEO, ConnectEdu
Leah Ritchie, associate professor, Salem State College
Lars Swanson, director, BancBoston Ventures
Cynthia Williams, partner, Dechert LLP