AUCKLAND, 23 OCTOBER 2018
Coherent Solutions, a world-leading photonics test and measurement company based in Auckland, New Zealand, announced the appointment of two independent directors and new products as the company pursues rapid growth in North America and Asia.
Coherent Solutions CEO Andy Stevens says the appointments of Roy Moody and Heather Grace mark another important milestone for 2018 following a successful A-series investment round and partnership agreement signed with National Instruments earlier in the year.
Roy and Heather join directors Andy Stevens and Iannick Monfils and non-executive director Lance Wiggs on the Coherent Solutions board.
“As an export-based technology company we’re thrilled to have two such high-calibre directors join the board. Their breadth of experience in technology and business development across global markets gives us huge confidence to successfully execute our high-growth strategy,” says Andy.
From its Auckland headquarters, Coherent Solutions designs and builds advanced photonics test and measurement instruments. Photonics technologies are found in self-driving cars, facial and fingerprint recognition on smartphones and in next-generation telecommunications networks.
The company has fixed its sights on capturing a much larger share of the burgeoning market for optical components, set to grow to over US$10 billion in 2019. It’s investing heavily in research and development into products designed for high-volume component manufacturers. With over a dozen new products launched in 2018, it is aiming to continue with monthly product launches throughout 2019.
“Our new products are opening doors and creating significant opportunities with some of the world’s largest technology companies in the US and Asia. For companies manufacturing and testing millions of products and devices on production lines, they look for solutions that save time and money which is exactly what we can help them achieve,” says Andy.
At Europe’s largest telecommunications exhibition held in September 2018, the company launched the new PowerPXIe optical power meter, the OSAPXIe optical spectrum analyzer, and IQLaser, a tunable laser for testing fibre-optic telecommunication components.
About Roy Moody
Roy has over 20 years’ experience leading new product introduction and business development for highly successful New Zealand export businesses. He is currently CEO of vWork and former Executive Director and CEO of Phitek Systems Limited, a 100% hardware export technology company. As CEO, Roy led the turnaround of Phitek to become the global leader in its field with a 5-fold increase in profits and a 4-fold increase in revenue in 4 years. He then managed the successful sale of the company to a New York Stock Exchange listed technology company in 2017. With his engineering background he brings expertise in innovation, product design, strategy, governance, and building high-performing teams.
About Heather Grace
Heather has more than 30 years’ commercial experience in technology, science, engineering, manufacturing, distribution and supply chain management. She co-founded Technology Systems and held a number of executive roles at Bayer NZ, Downer EDI and Rebain International. She holds an NZCS in Chemistry, an NZIM Management Diploma, and a Diploma in Workplace Psychology. She brings expertise in sales and business growth strategies, executive leadership and talent management.
About Coherent Solutions
Coherent Solutions designs and builds advanced photonics test and measurement solutions. Our portfolio of PXI optical test modules is rapidly expanding to meet the needs of engineers and scientists around the globe. From enabling pioneering experiments to driving highly-efficient production testing, you’ll find us working with customers to solve complex problems with simple and elegant solutions.
In January 2018, Coherent Solutions completed a $3 million A-Series investment round with Punakaiki Fund, supported by K1W1, NZVIF, and Auckland University’s Inventors Fund.
In March 2018, Coherent Solutions entered a partnership with National Instruments to supply optical test modules for their PXI test platform. NASDAQ-listed National Instruments is a leader in test and measurement with over 35,000 global customers.