Light that penetrates all marketsOver the past 20 years, the field of optics/photonics has profoundly transformed the economy and our daily way of life. As the catalyst behind the telecommunications revolution, it has changed the face of medicine, aerospace, defence, security, and numerous other industries. New optics/photonics solutions have been developed thanks to better performing materials, reduced costs, improved manufacturing processes, and greater reliability, spurring market expansion and growth. Long the almost exclusive purview of the defence industry and its captive markets, optics/photonics is now present in most civilian industrial markets, most often on a global scale.(2.56 Mb, PDF)
We have audited the accompanying consolidated financial statements of National Optics Institute, which comprise the consolidated balance sheet as at March 31, 2012 and the consolidated statements of operations and changes in net assets and cash flows for the year then ended, and the related notes, which comprise a su mmary of significant accounting policies and other explanatory information.(1.31 Mb, PDF)
Transforming knowledge at the speed of industryOverall earnings for the year just ended were slightly below those for the previous fiscal year, or $36.1 million versus $37.3 million in 2009-2010. This is notably due to the inability to complete major contracts with big Chinese corporations due to export licensing problems. Earnings are divided up as follows: $8.4 million from R&D contracts and $3.7 million from prototype sales, transfer considerations and royalties, for a total of $12.1 million in outside earnings. These earnings are supplemented by a $23.7 million investment in our Research and Development Program for Industrial Innovation and $300,000 in other earnings. (6.59 Mb, PDF)
Overall earnings for the year just ended were slightly below those for the previous fiscal year, or $36.1 million versus $37.3 million in 2009-2010. This is notably due to the inability to complete major contracts with big Chinese corporations due to export licensing problems. Earnings are divided up as follows: $8.4 million from R&D contracts and $3.7 million from prototype sales, transfer considerations and royalties, for a total of $12.1 million in outside earnings. These earnings are supplemented by a $23.7 million investment in our Research and Development Program for Industrial Innovation and $300,000 in other earnings. (844 Kb, PDF)
Optics in the Forefront, INO in the VanguardFiscal 2009–2010 was a very positive year in terms of growth in outside earnings, especially given the financial crisis and economic slowdown that continued to affect all industries worldwide since the second quarter of 2008. Outside earnings rose to $14.7 million this year. This represents a $1.6 million increase over last year and growth of more than 12% over 2008–2009 results.(2.93 Mb, PDF)
Fiscal 2009–2010 was a very positive year in terms of growth in outside earnings, especially given the financial crisis and economic slowdown that continued to affect all industries worldwide since the second quarter of 2008. Outside earnings rose to $14.7 million this year. This represents a $1.6 million increase over last year and growth of more than 12% over 2008–2009 results.(156 Kb, PDF)
INO is the largest Canadian center of expertise in optics and photonics for industryIt is home to the largest concentration of skills in the field. INO offers a complete range of integrated services in optics/photonics to clients of all descriptions in every field of industrial activity. It also possesses a variety of technologies and processes that could represent unique business opportunities for companies wishing to commercialize them.(2.34 Mb, PDF)
Light in ExpansionFiscal 2008–2009 was satisfactory in terms of the quality of services and the volume and quality of our technological development work. However, $2.1 million in additional expenses on earnings were recorded this year. This deficit is primarily attributable to non-recurrent expenses related to the organizational restructuring carried out this year, provisions made on certain client accounts and inventories, and the reevaluation of INO’s business investments.(2.95 Mb, PDF)
INO powers industryOverall income for fiscal 2007–2008 was $32.2 million, distributed as follows: $8.4 million in R&D contracts, $4.9 million in prototype and short run sales, and $700,000 in other earnings, for a total of $14 million in total outside revenues. This amount was supplemented by an $18.2 million investment in our inhouse research program.(1.01 Mb, PDF)
INO is 215 people who inspire industry with their ability to innovate.Fiscal 2006-2007 was an excellent year. Outside earnings – income from R&D contracts, prototype sales and transfer considerations were $13.7 million. These amounts were supplemented by a $17.4 million investment in our Technological Innovation Program for a total of $31 million in overall income.(0.99 Mb, PDF)
Optics and photonics technology serving the Agrifood, Environmental and Biomedical sectors.INO recognized early on that bringing various fields together would enable the development of concrete problems in the agrifood, health, and environmental sectors. This recognition along with advances in optical technologies has resulted in the continued growth of biophotonics applications.(0.98 Mb, PDF)
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