BluGlass received $1.93 million from a European customer for the transfer of intellectual property rights related to its gallium nitride growth techniques on specialty wafers.

Since January 2022, BluGlass has provided contract foundry services focused on GaN applications for the customer's wafers.

The agreement includes continued services and potential volume increases.

BluGlass retains rights to other intellectual properties, including remote plasma chemical vapour deposition processes and laser technologies.