I first read about terahertz in a 2005 publication of Popular Science and marveled at the many wonders and technological advances which were promised by the then "virgin" technology. It was sheer coincidence but also my good fortune that a small photonics company I had invested in called Advanced Photonix, (API), shortly thereafter in March of 2005 acquired the Bell-labs, University of Michigan, spin-off called Picometrix which held a large number of the existing patents on terahertz. Picometrix and the patents it held was the brainchild and largely due to the genius & vision of Steve Williamson as well as the technical genius of Irl Duling.
It seems to me based on what I've learned this week that Luna and terahertz as a viable technology, has finally moved to the slope of enlightenment on the Gartner technology curve, and appears headed on a long upward slope for some time to come:
Earlier this week, I listened to the Luna Innovations, 1st Quarter Financial Report. Wow! Luna really seems to have finally "hit the home-run", and it's THz division is a big contributor to the companies significant progress (which amazingly) is occurring in the midst of the overall economic turmoil of COVID, supply chain issues, global inflation and war in Ukraine. You can listen to the conference on the Luna investors relations page, or you can read a transcript here:
I'd like to point readers to some of the highlights focusing on the THz discussions (however the wins are really across the entire sensing technology line of products).
Big congratulations to Scott Graeff and the Luna team.
Scott Graeff: "In addition, with respect to our pipeline and backlog across nearly all businesses, it was what our COO, Brian Soller characterized as a knockout quarter. As an example, for our terahertz products, our order backlog is no longer the typical 14-week lead time, but instead we are booked through year end 2022, due to the rapid increase in demand for these products.
Brian Soller: "If you remember, when we sold the Picometrix business to MACOM back in 2017, we held on to that terahertz piece of that business out in Ann Arbor and folks like Steve Williamson, who were key and instrumental, we just felt like it was being starved a little bit. And so we invested some money into that because when we would talk to customers who were using the terahertz system, they were overwhelmed. They thought it was the greatest thing ever. And it just took some time to get some processes in place and to engineer out some things or the laser and do some things. And sure enough, those investments are paying off in spades now.