MY NOTE: The following commentary, is all my opinion-and I stand ready to correct any inaccuracy.
The commercialization of terahertz continues to be painfully slow and the promised financial rewards for the investment community arising from this virgin technology remain somewhere on the far horizon. Finding out information about the players in this field, is much like pulling teeth. Every aspect of most companies efforts in THz is super-secret, and viable information about actually sales, and profits is very difficult to find.
Advanced Photonix/Picometrix (API), continues to be the only discernible company that has a demonstrable "foot-print," in the THz industrial process control market, having made multiple sales of it's T-Gauge to companies in a variety of industries, including paper, plastics, roofing materials,carpet, nutraceuticals, submarine hulls for the US Navy, and inspection of the paint and components on the USAF F-35 Joint Strike Fighter. Of course the company has previously made sales to NASA for inspection of the tiles on the Space Shuttle, and upon the hydrogen tanks on rocket boosters, along with a host of other earlier applications.
I'm sure there have to be more companies actually making sales in the industrial market, but I can't find any indication this is so. If your company is making such sales please send me some facts and figures. Providing me with details isn't necessary but I would like to know and share with readers an idea of the industries in which companies are supplying THz commercially, along with an approximate range of contract size and sales. API shares this information, because it's required to do so, as a publicly traded company.
Teraview, which self-proclaims to be at the forefront of global development of THz, is a privately held company so financial information regarding it's sales is difficult to locate and verify. The company indicates it has made terahertz "sales" in 33 countries, but the nature and scope of those sales is difficult to discern from the limited information that is available online. If anyone has additional concerning the nature of these sales, would you please share it with me? This recent press release illustrates the limited extent of information typically found online.
Cambridge, UK – 12 March 2014 - TeraView has secured the sale of its first machine into Africa with an order from the National Research Centre in Egypt. Selected for its quality, flexibility and ease of use, it is the first turn-key terahertz unit in Africa and is an increasing sign of the globalization of the company's technology.
“We are obviously pleased with the continued spread of the technology,” said CEO Don Arnone. “We now have machines operating in over 33 countries. Users, in industry and academia, are increasingly seeing the potential of the technology and we continue to rise to the challenge of producing equipment that meets their needs."
"Like many, we also believe in the potential of Africa and see this sale as a first step in developing partnerships that can help this potential be realized."
Additionally, Teraview points to many "firsts" in the development of THz, on it's webpage, however, concrete evidence of commercial sales, or the size of such sales, can't readily be found.
TeraView Limited is at the forefront of global developments in terahertz light, creating terahertz instruments which can generate, detect and manipulate radiation to characterise a wide range of materials
TeraView world firsts:
Frankly, I would be shocked if the numbers posted below, are correct. These numbers would appear to only evidence very, very modest sales, but perhaps and as I have noted, they may be inaccurate or incomplete. I'm hoping the folks at Teraview will share additional information with me, so I can share it with readers.
[For purposes of comparison Advanced Photonix, has an annual income which approaches 30 million dollars, with 18 million dollars of sales in Tests and Measurement for 2014, with modest projected growth in 2015, a majority of which will come from THz sales. (Source: API, 10K, Annual Report page 37).]
API, has spent over 30 million dollars to date in developing it's current commercially hardened robust Terahertz units.
I hope to follow up from time to time with financial information I am able to locate online on other companies involved in THz development. Let's hope that the market for Terahertz products blossoms in the way they are predicted to, and that all of the currrent THz companies help foster and grow the industrial markets and commercialization of Terahertz.
Now, here's what I found on Teraview:
|Company Name||Teraview Limited|
|Category||Private Limited Company|
|Registered Address||Platinum Building St Johns Innovation Park|
|Country Origin||United Kingdom|
|Incorporation Date||18 December 2000|
|Company Age||13 years and 7 months|
|Manufacture of electronic industrial process control equipment (26512)|
Technical testing and analysis (71200
Cash In Bank
Amounts falling due within one year
|TOTAL ASSETS LESS CURRENT LIABILITIES||£1,339,000|
POSTSCRIPT: Since posting, I received the following financial information from a reader relating to Teraview which I assume to be accurate: