Electronic Equipment & Instruments

Maris-Tech Ltd. announced it has received a pilot order for an armored vehicle situational awareness application from a leading global defense company, secured through a distributor. The pilot follows an extensive engineering and adaptation process in which Maris-Tech's Jupiter product line was adapted to meet the end customer's specific video streaming requirements for armored vehicle situational awareness. The company said the adaptations developed through this process have expanded the capabilities of its products and may also support additional applications and market opportunities across the modern battlefield. Based on estimates and forecasts provided by the end customer, successful completion of the pilot could result in significant follow-on orders over the coming years, according to the company. Chief Executive Officer Israel Bar said the pilot represents the result of a substantial engineering process focused on meeting the specific video requirements of a major defense customer, and that the capabilities developed strengthen the versatility of the Jupiter product line and expand its relevance to additional armored vehicle and battlefield applications.

JEOL Ltd. announced the development of HAXIS, a new low-angle ion-milling scanning electron microscope, and began sales on October 5, 2026. The instrument is a semiconductor failure analysis platform that combines low-angle ion milling delayering with scanning electron microscopy imaging and passive voltage contrast analysis. According to the company, HAXIS delivers clear and highly reproducible PVC observation even on advanced semiconductors, using argon, an inert gas, to ensure stable surface quality and reduce running costs. The combined workflow is designed to speed the path from electrical failure detection to physical analysis and root-cause identification, supporting quick turnaround time failure analysis. JEOL is led by President and CEO Izumi Oi.

Badger Meter launched OneNetwork, a real-time monitoring and analytics platform designed to unify fragmented water and wastewater system data, at the WEFTEC conference in New Orleans. The company's share price has fallen 27.6% year to date, with a 1 year total shareholder return down 28.6%, though the 5 year total shareholder return of 26.6% still points to longer term gains. The most followed narrative places Badger Meter's fair value at $169, above the last close of $127.77, framing OneNetwork as part of a wider digital push alongside the BlueEdge platform and expansion beyond the meter. That narrative cites intensifying water scarcity, mounting regulatory pressure, and mandates for real-time monitoring as drivers of shorter replacement cycles and pricing power. Supply chain and tariff pressures, along with any slowdown in core utility water projects, could weaken that upbeat case.

The U.S. Securities and Exchange Commission, or SEC, has proposed new rules that would make it easier for investment advisers and regulated funds to hold crypto assets on behalf of clients. The SEC announced the proposal on Thursday, October 1. It sets out a specific framework for the custody and safekeeping of crypto assets by registered investment advisers, investment companies, and business development companies. The proposal would open the door to self-custody of crypto assets under certain conditions, and would also allow state-regulated trust companies to act as custodians of crypto assets for clients and regulated funds. SEC Chairman Paul Atkins said existing regulations cannot adapt quickly enough to the rapid expansion of digital assets, which has now grown into a market worth several trillion dollars. The move comes after the Clarity Act, a bill aimed at establishing a broad regulatory structure for the crypto market, stalled in the Senate in September. The SEC will accept public comments for 60 days after publication in the Federal Register. Meanwhile, the crypto market is beginning to recover, with Bitcoin up more than 40% from its July low.

Ondas announced on Wednesday that it launched Dronebuster REACH, a long-range counter-drone system, with the first unit contracted to the Office of Naval Research. REACH uses electronic attacks to disrupt drones at longer ranges and higher power, extending the company's existing Dronebuster product line, and integrates with Ondas's detection and command-and-control systems for a layered counter-drone setup. Ondas said its Dronebuster systems have been deployed in more than 50 countries, with over 3K units delivered. On the market side, the stock traded near $7.50.

LACROIX reported first-half 2026 revenue of €235.2m, up 3.2% year on year, with current EBITDA of €23.7m, a 10.1% margin, and positive free cash flow of €11.1m. The Group's Electronics activity generated revenue of €156.1m, down 1.1%, while the Environment activity posted revenue of €79.1m, up 12.8%, driven by a cyclical peak in the Water segment tied to Spain's PERTE programme deadline and France's 2G and 3G network shutdown. Current operating profit rose 62.4% to €17.3m and operating profit climbed 81.4% to €17.1m, while net income attributable to owners of the parent was €2.7m, compared with a net loss of €19.6m a year earlier. Net debt fell 28.6% year on year to €72m, cutting gearing to 77% from 88%. LACROIX raised its 2026 targets to revenue of more than €455m and an EBITDA margin of more than 9%, with net debt/EBITDA below 2.0x, and confirmed its 2027 targets of revenue between €475m and €500m, an EBITDA margin above 8%, and net debt/EBITDA below 2.0x.

Keysight Technologies said Wednesday it will showcase new radio frequency and microwave products across several industries next month at the European Microwave Week event. The offerings, geared toward the defense, space, broadband wireless, 5G, and 6G industries, include a new vector network analyzer, the XA6 signal analyzer for signal generation and analysis, spectrum and PNT resilience, and AI-driven engineering. Shares of the semiconductor company rose more than 1% on Wednesday.

Japan Display announced on the 30th that it will sell its Mobara plant in Chiba Prefecture to Shinko Electric Industries. The sale price was not disclosed. The company expects to record a special gain of 51.4 billion yen in its consolidated results for the January-March quarter of 2027. JDI ended production at the plant in November 2025 and had been negotiating the sale with multiple candidates as part of efforts to strengthen its financial base.

SVG Optronics announced on September 30 that it plans to publicly list for transfer, at the Suzhou Property Rights Exchange, the 100% equity stake in Changzhou Huarisheng Reflective Material Co., Ltd. held jointly by the company and its wholly-owned subsidiary SVG Optronics Yancheng Optoelectronic Technology Co., Ltd. The initial listing price for this transaction totals 157 million yuan, and will not be lower than the appraised value of the 100% equity stake in Huarisheng as determined by an asset appraisal institution. The company stated that transferring the 100% stake in Huarisheng represents an effective disposal of an inefficient asset that does not align with the company's current strategic direction, and will help optimize internal resource allocation, revitalize existing assets, and reduce management costs. In the first half of 2026, SVG Optronics achieved revenue of 1.035 billion yuan and net profit attributable to the parent company of 49.76 million yuan.

SVG Tech Group announced on September 30 that the company and its wholly owned subsidiary Yancheng Weige plan to publicly list the entire equity interest in Changzhou Huarisheng Reflective Material Co., Ltd. on the Suzhou Property Rights Exchange, with an initial combined reserve price of 157 million yuan. Since the company's controlling shareholder Chen Linsen may participate in the bidding, the transaction may constitute a related-party transaction. Financial data show that Huarisheng posted a net loss of 23.4036 million yuan in 2025 and a net loss of 12.8069 million yuan in the first half of 2026. After the transaction is completed, Huarisheng and its subsidiaries will no longer be included in SVG Tech Group's consolidated financial statements.

Coherent shares jumped 5.2% in the afternoon session after the materials and photonics company successfully demonstrated scalable physical-layer security for artificial intelligence infrastructure developed alongside CUbIQ Technologies. The demonstration, reported by TipRanks, presented physical-layer security designed for AI infrastructure, and investor interest was also driven by renewed optimism around Coherent's PhotonLink optics platform following a pullback that occurred after its launch at ECOC 2026. After the initial pop, the shares cooled down to $295.27, up 4.5% from the previous close. Coherent's shares are extremely volatile and have had 85 moves greater than 5% over the last year, and the stock is up 52% since the beginning of the year but still trades 30.8% below its 52-week high of $426.89 from June 2026. The previous big move came 11 days ago, when the stock gained 4.1% on news that the company expanded its Pluggable Optical Line System portfolio for AI datacenter networks, featuring a full C-band, high-power variable-gain amplifier in a compact QSFP form factor supporting 800G ZR and ZR+ digital coherent optics, up to 32 Dense Wavelength Division Multiplexing wavelengths, and up to 25.6 terabits per second of AI datacenter traffic across distances from 2 kilometers to 200 kilometers.

Omron announced its first-quarter results for the fiscal year ending March 2027, posting a sharp profit increase driven by its control equipment business. Revenue came to 209.8 billion yen, up 26.1% year on year, operating profit was 18.8 billion yen, up 226.0%, and profit attributable to owners of the parent was 10.6 billion yen, up 131.1%. The control equipment business, the main driver, saw first-quarter revenue of 131.1 billion yen, up 37.2% year on year, while segment profit doubled from a year earlier to 21.2 billion yen, with a profit margin of 16.2%. Meanwhile, the social systems business posted revenue of 24.2 billion yen, down 2.0%, and barely any profit, meaning the company's sharp overall recovery depends heavily on control equipment as its single pillar. In response, the full-year operating profit forecast was raised from 62 billion yen at the start of the year to 80 billion yen, up 41.7% from the previous year, and the net profit forecast was also raised from 27.5 billion yen to 40.5 billion yen.

Nireco announced a revision to its earnings outlook after the close of trading on September 29, raising its consolidated ordinary profit forecast for the fiscal year ending March 2027 by 5.0%, from the previous projection of 2 billion yen to 2.1 billion yen. The prior fiscal year came in at 1.79 billion yen, and the profit growth rate expands from 11.5% to 17.1%, putting the company on track to set a record high for the first time in two years. Meanwhile, it left its first-half ordinary profit forecast for the April-September period unchanged at 780 million yen.

Nireco announced after the close of trading on September 29 that it has raised its consolidated net profit forecast for the fiscal year ending March 2027 to 1.5 billion yen. This is a revision from its previous forecast, and the company said consolidated net sales are expected to be in the 12.5 billion yen range.

Evolv Technologies Holdings announced it has been selected as the new security screening provider at Climate Pledge Arena, one of North America's busiest sports and entertainment venues. The arena chose Evolv Express people screening systems to help enhance the arrival experience for millions of guests attending games, concerts, and other live events. Climate Pledge Arena, home to the NHL's Seattle Kraken, the WNBA's Seattle Storm, and the PWHL's Seattle Torrent, opened in 2021 and is owned by One Roof Sports & Entertainment and operated by Oak View Group. Jim Dermody, Director of Security at Climate Pledge Arena, said the venue evaluated a number of screening solutions before selecting Evolv Express for its performance and operational efficiency. John Baier, Vice President of Sports & Entertainment at Evolv Technology, said Evolv is expected to be deployed at a significant number of NHL teams' venues during the upcoming season. The deployment expands Evolv's footprint across the Pacific Northwest, where it also works with the Seattle Mariners at T-Mobile Park and the University of Washington Department of Athletics.

Itron Inc. announced on September 22 that its Riva S and Riva T IEC electricity meters are now available to utilities across the Asia-Pacific region, marking the first deployment of its Gen6 network platform devices in the area. The expansion builds on more than 25 years of Adelaide operations and targets markets such as Australia, where roughly one in three homes uses rooftop solar. The Riva meters act as grid sensors and control points for distributed energy resources, using high-frequency sampling and localized edge computing to detect voltage swings, transformer loading issues, emerging faults, and power outages in real time. Itron has already shipped more than 18 million distributed intelligence-enabled meters and licensed over 27 million distributed intelligence applications. The launch comes as second-quarter 2026 revenue fell 7% year-over-year to $563 million, with Networked Solutions down 17% on project timing, while Annual Recurring Revenue rose 21% to $417 million and adjusted gross margin hit a record 41.4%. CEO Tom Deitrich cited structurally better earnings power and raised the full-year 2026 outlook to revenue of $2.37 billion to $2.41 billion and non-GAAP EPS of $6.30 to $6.50.

Itron announced a technology collaboration with Crytica Security on September 22 to embed real-time threat detection directly into its smart meters and edge endpoints. The partnership addresses a critical vulnerability in utility field infrastructure, where resource-constrained smart meters cannot host traditional endpoint security software; Crytica's lightweight probe continuously scans devices to detect unauthorized instruction modifications within seconds without impacting device performance. The move reinforces Itron's strategic shift toward higher-margin, software-centric outcomes, following Q2 2026 results released on July 28 in which adjusted gross margin expanded 460 basis points year-over-year to 41.4%, ARR surged 21% to $417 million, and adjusted EBITDA grew 8% despite top-line headwinds, prompting management to raise full-year non-GAAP EPS guidance to a range of $6.30 to $6.50 per share. Total revenue nonetheless contracted 7% year-over-year in Q2 2026 to $563 million from $607 million, dragged by a 17% drop in Networked Solutions revenue, while total backlog edged down to $4.4 billion from $4.5 billion a year ago. The Crytica deal carries no immediate financial disclosure or revenue timeline.

Mr. Wirat Sukchai, Chairman of the Executive Board of Harn Engineering Solutions Public Company Limited, or HARN, told "Than Hoon" that the company is confident its 2026 operating results will grow better than the previous year, especially in the fourth quarter of 2026, when sales and margins are expected to improve on the back of workload from data center and power plant projects. At present, the company has a backlog of approximately 500 million baht and expects additional new work in the fourth quarter of 2026, giving the backlog a chance to increase further. In the past year, HARN had sales of approximately 1.2 billion baht, with revenue from services accounting for about 3% of total sales, which the company sees as still offering substantial room for growth. The company is in the process of becoming a distributor of high-value products related to its existing business, such as fire suppression systems and air conditioning systems, in order to extend revenue from after-sales service, and expects clarity on this in November 2026. At the same time, the company is preparing its 2027 business plan, which is expected to be clear by mid-October 2026, and is in discussions with financial institutions about credit lines to support these opportunities.

Tesco Plc will roll out Vontier's Gilbarco Veeder-Root and Invenco payment and fuelling technologies across more than 700 petrol stations, integrating forecourt controllers, outdoor payment terminals and POS connectivity to streamline operations. The large-scale deployment highlights how Vontier's modular, data-rich platform can deepen operational insights for major retailers while enhancing customer experience and supporting future innovations in forecourt management. The Tesco rollout looks directionally helpful for Vontier's digital and recurring revenue catalyst, though it does not remove key risks around competition in software and customer spending cycles in fueling infrastructure. Among recent announcements, the ongoing share buyback under the 2021 plan stands out, with 36,800,000 shares repurchased for about US$1,170.48 million by July 2026. Vontier's narrative projects $3.3 billion revenue and $539.8 million earnings by 2029, yielding a $40.91 fair value, a 30% upside to its current price.

Quantum Computing Inc. is presenting an integrated quantum security platform at the ECOC Exhibition in 2026. The system combines quantum key distribution with hardware based quantum identity authentication for secure communications, built on the company's patented, award winning technology and shown in a live deployment style demonstration. The launch sits within Quantum Computing's broader effort to turn lab grade quantum technology into practical tools for secure data transmission, linking its photonics, patents and vertically integrated manufacturing to a complete security stack that network operators could test against incumbents such as Toshiba's QKD offerings or efforts from ID Quantique and similar peers. The company operates as a US based integrated photonics business supplying quantum machines to commercial and government clients, and the article cites a fair value of $18.33 for Quantum Computing. The bear case remains, as the business is spending heavily ahead of large-scale demand and turning the demo into repeatable, multi-site contracts is still unproven.

Trimble Inc. is considering breaking up its transportation and logistics portfolio as it works with Goldman to sell the business, according to an Axios Pro report on Friday. The update follows an Axios Pro report in July that Trimble was looking to sell its transportation and logistics arm. Trimble CEO Robert Painter said on the company's Q2 earnings call last month that the company received "credible" inbound interest in its logistics and transportation business from "multiple parties" and started a strategic review to evaluate third-party interest.

OSI Systems closed fiscal year 2026 with record annual revenues of $1.79 billion and a record $1.9 billion order backlog, up from $1.8 billion a year earlier. Full-year non-GAAP adjusted earnings per share rose 11% year-over-year to a record $10.35, while fourth-quarter non-GAAP diluted earnings per share reached a record $3.78, up 17%. On September 17, the company's Optoelectronics and Manufacturing division secured approximately $8 million in new orders from a global industrial technology customer, a modest slice of the $1.79 billion in annual sales. Fourth-quarter revenue fell 4% year-over-year to $484 million, which management attributed to Middle East conflicts that delayed planned customer deliveries, though those orders remain in the backlog. Full-year GAAP diluted earnings per share grew just 3% to $8.95, and the company retired its bank credit lines while executing $123.6 million in quarterly share buybacks, ending with $359.8 million in cash.

OSI Systems announced on September 16 that its Security division secured approximately $90 million in US government contracts for Very Low Frequency communication systems and high-frequency transmission equipment. CEO Ajay Mehra said momentum is expanding across these Radio Frequency operations, prompting the company to scale labor capacity and expand its operational footprint to meet accelerating defense demand. The award combines upfront infrastructure builds with long-term lifecycle support, a recurring revenue stream that extends well beyond initial equipment deployment. The contracts add to a record $1.9 billion backlog reported on August 20 for fiscal 2026, up from $1.8 billion a year earlier, even after deliveries were delayed by Middle East conflicts; management said those deferred shipments were timing reschedules rather than canceled contracts. The company ended its fiscal year on June 30 with $1.79 billion in revenue, $276 million in operating cash flow, and cash and equivalents of $359.8 million, up from $106.4 million a year earlier, funding $123.6 million in fourth-quarter buybacks while bank credit lines were reduced to zero. For fiscal 2027, management guides to revenue growth of 5% to 8.1% and non-GAAP EPS growth of 7.5% to 11%.

Keysight Technologies announced a new collaboration supporting research at the Berkeley Wireless Research Center that aims to accelerate and improve testing of next-generation wireless devices. Led by Professor Aditya Muppala at the University of California, Berkeley, the research explores a new approach to over-the-air testing designed to help engineers better evaluate the performance of increasingly complex 6G devices and systems. The work targets upper-midband spectrum, often referred to as FR3, which the wireless industry is exploring as part of the path toward 6G, and its challenges are also relevant to advanced radar and non-terrestrial network applications. Professor Muppala said the techniques have the potential to be a game changer for how over-the-air systems are deployed in real-world environments, making advanced measurements faster, more flexible, and more practical. Giampaolo Tardioli, Vice President and General Manager at Keysight, said the combination of BWRC's pioneering research with Keysight's test expertise and real-world over-the-air chamber capabilities could lead to important breakthroughs and help accelerate industry adoption of faster, more flexible measurement techniques for 6G.

D-Wave Quantum and CGI announced a new partnership to promote quantum computing adoption across enterprise customers. The collaboration brings D-Wave's Advantage2 system and hybrid solvers into CGI's services for sectors including logistics, transportation and retail, with both parties aiming to move beyond research use cases toward commercial projects for corporate clients. The CGI partnership for D-Wave's Advantage2 and hybrid solutions is only one part of the wider investment story, and the article notes that its analysis turns up 2 warning signs for D-Wave Quantum as well. D-Wave Quantum develops and sells quantum computing hardware, software, and related services, positioning the group as a specialist infrastructure provider rather than a general-purpose software vendor. The article also cites a $35.24 fair value for D-Wave Quantum and notes that many reference customers are still stuck in proof-of-concept mode while losses continue to widen.

Renishaw reported record full-year results for the year to June, with revenue up 14% to £815.8 million and adjusted pretax profit rising 32% to a record £168 million, sending its shares up around 3%. Adjusted operating profit climbed 36% to £152.9 million, lifting the margin to 18.7% from 15.7%, while adjusted earnings per share increased 30% to 179.5p and statutory pretax profit rose 27% to £150 million despite £18 million of redundancy and other one-off costs. Fourth-quarter revenue reached a record £244.2 million, up 28% year on year, and the order book continued to grow. Position Measurement was the standout division, with revenue jumping 26% to £260.9 million and adjusted operating profit up 53% to £71.5 million as its margin expanded to 27.4% from 22.5% on demand for optical encoders used in semiconductor manufacturing equipment, while Specialised Technologies grew revenue 43% to £107.5 million and swung from a £9.9 million adjusted operating loss to a £4.7 million profit. Industrial Metrology, still the largest part of the group, grew 4% as weakness in some traditional industrial markets offset demand for newer metrology systems and software. Renishaw increased its regular dividend by 5% to 82p per share and added a special 70p interim dividend, with cash and deposits rising to £291 million.

D-Wave Quantum has executed a definitive agreement with the U.S. Department of Commerce, based on its previously announced Letter of Intent, giving it access to up to $100 million in funding under the U.S. CHIPS and Science Act to accelerate research and development of its annealing and gate-model quantum systems. NTT DOCOMO, Japan's largest mobile operator, deployed a second D-Wave-powered quantum computing application in production, which cut location-registration signals generated when devices crossed tracking-area-list boundaries by 65.3% at the daily peak and reduced paging signals by 7.0%. D-Wave was also awarded up to CAD $300,000 from the National Research Council of Canada's Applied Quantum Computing Challenge program to advance annealing quantum computing software for commercial applications, and AT&T agreed to expand its use of D-Wave's quantum computing technology to address complex optimization challenges across its network operations. Separately, Rigetti plans to partner with HPE and Pittsburgh Supercomputing Center to build the TangleLab supercomputing testbed, delivering a 9-qubit Novera system to the testbed, which is funded by a $5 million National Science Foundation grant, while Quantum Computing signed a three-year framework agreement with Hamad Bin Khalifa University in Qatar covering quantum computing, quantum sensing and quantum communications. Over the past year, QBTS shares have lost 36.2% compared with the broader Internet Software industry's 5.8% decline, and the stock trades at a forward 12-month price-to-sales ratio of 93.25X versus the industry average of 4.40X.

D-Wave Quantum Inc. has appointed Bernard Gavgani, a long-time technology and operations leader at BNP Paribas, to its Board as an independent Class II director and member of the Cybersecurity Committee, effective 18 September 2026, with his term running until the 2027 Annual Meeting of Stockholders or until a successor is elected. Gavgani's background overseeing large-scale technology, cybersecurity and AI governance initiatives at a global financial institution brings additional enterprise-grade IT and risk-management expertise to the quantum computing company. The appointment comes as D-Wave pursues its July 2026 gate model roadmap, a capital intensive path toward error corrected superconducting systems, and deepens work with financial and government clients central to its QCaaS and system hub catalysts. D-Wave's narrative projects $201.1 million revenue and $23.0 million earnings by 2029, requiring 152.9% yearly revenue growth and an earnings increase of about $272 million from -$248.7 million today, while some of the lowest analysts assume revenue of about US$137.2 million by 2029 and still no profitability. The company's forecasts yield a $35.24 fair value, a 101% upside to its current price.

B. Riley Securities is maintaining bullish ratings on IonQ, D-Wave Quantum and Rigetti Computing ahead of Quantum World Congress, betting that a shift in government policy from pure research toward commercialization could open a more meaningful revenue path for the quantum-computing sector. The firm kept Buy ratings with price targets of $100 for IonQ, $40 for D-Wave and $35 for Rigetti. Analyst Craig Ellis pointed to the Department of Energy's From Lab to Market session at the September 23-25 conference as a sign that federal policy may increasingly focus on moving quantum technologies into commercial applications. The event will also feature a two-hour National Quantum Updates session with more than 10 governments, participation from the White House Office of Science and Technology Policy, and back-to-back keynotes from Microsoft and IBM. B. Riley's thesis is sector-wide, but the report provides no fresh revenue forecasts, cash-flow estimates, technical milestones or new valuation work behind the three price targets, leaving the stocks dependent on long-term expectations rather than near-term financial evidence.

Rigetti Computing said in its latest technology update that the biggest challenge in its quantum roadmap is no longer adding more qubits but improving the performance of its flagship 108-qubit Cepheus system. During the second quarter of 2026 earnings call, management acknowledged that coherence time has become the primary bottleneck limiting two-qubit gate fidelity, even as Cepheus-1-108Q stands among only three generally available gate-based quantum computers with more than 100 qubits. The system currently operates with coherence times of roughly 25-30 microseconds, a level that constrains the reliability of quantum operations. Rigetti is directing engineering efforts toward chip redesigns, fabrication process improvements and new materials, including tantalum-capped superconducting contacts, and management expects these initiatives to gradually double or even triple coherence times over the next several years. In peer updates, Quantum Computing Inc. signed a three-year Framework Agreement with Hamad Bin Khalifa University in Qatar covering quantum computing, sensing and communications, while IonQ secured an $8.18 million commercial agreement with Congruity360 to integrate quantum-safe networking into its enterprise data management platform.