China Zhongji Investment completes investment in Sicreation Optoelectronics, continuing to "empower" Chinese manufacturing

Recently, China Zhongji Investment completed its investment in Sichuan Scry Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Scry Optoelectronics"). It is reported that this round of funding will mainly be used for production line construction, new product improvement, and the development of high-repetition-rate lasers.

Scry Optoelectronics, established in 2017, is a high-tech enterprise that integrates the research, development, and production of high-power fiber passive devices, high-power continuous fiber lasers, high-power pulsed fiber lasers, and their supporting power supplies and controls. The company's main business is the research and development and production of military and civilian high-power fiber lasers and their supporting passive devices. It is committed to establishing an industrial system in high-end industrial applications, military applications, and medical fields and their sub-markets. In November 2017, Scry Optoelectronics received equity investment from the Chinese Academy of Sciences' Xi'an Institute of Optics and Precision Mechanics and an investment fund under Wuhan烽火Group.

Regarding the reasons for choosing "Scry Optoelectronics," Tan Runzhan, Managing Director and Partner of China Zhongji Investment, stated three main reasons:

       First, the founding team has extensive technical accumulation.

Scry Optoelectronics' core R&D team consists of national-level experts under the Thousand Talents Program, overseas returnees with PhDs from the UK and US, and industry elites. Team members have long been engaged in the research of laser devices and complete machines, possessing a solid theoretical foundation and rich practical experience.

       Second, independent research and development of core components, leading product performance parameters.

Scry Optoelectronics has independently developed a series of fiber passive devices, including high-power fiber combiners, double-clad strippers, and fiber output units (QBH). High-power passive devices are core technologies for high-power fiber lasers; their various output indicators directly determine the design scheme of fiber lasers. The use of self-developed devices reduces the overall cost and increases the difficulty for competitors to imitate.

In addition, the company's developed high-power fiber lasers have been successfully launched and are the second domestic company to achieve mass production and commercial use of high-power fiber lasers. Moreover, test results show that the beam quality, stability, size, and weight of Scry Optoelectronics' products are at the top domestic level in terms of key performance parameters.

       Third, clear product positioning and planning.

Currently, the domestic fiber laser market is fiercely competitive for products with power under 1 kW, while there is a huge space for domestic substitution of high-power fiber lasers.

Scry Optoelectronics, based on its technological characteristics and advantages, focuses on the dual-use military and civilian market for high-power fiber lasers above 1000W and has launched products characterized by ultra-light and ultra-portability for specific market segments, forming a differentiated competitive advantage.

Wang Chunxiao, Managing Director of China Zhongji Investment, believes that fiber lasers have advantages such as high efficiency, versatility, and low maintenance costs. In addition to traditional manufacturing and automotive production industries, their applications in emerging fields such as aerospace, military, scientific research, and medical care are becoming increasingly widespread, and the market is about to explode. He pointed out that Scry Optoelectronics not only has advantages in teams and products but also has significant advantages in resources in the military-civilian integration, and its future development is worth looking forward to.

With the introduction of "Made in China 2025," China will accelerate the application of advanced manufacturing and automation technologies to achieve another upgrade and transformation of national industrial technologies, and laser technology will further replace traditional manufacturing technologies. China Zhongji Investment will also continue to focus on excellent enterprises in the advanced manufacturing field, helping to transform and upgrade Chinese manufacturing.