Livingston, Scotland Terahertz Photonics, spun out from Heriot-Watt University in 1998 to develop optical waveguide devices and materials, has gone into liquidation with the loss of 22 jobs.
Last August, the company reported that it had made a pre-tax loss of £2.4million to the end of December 2001 and now accountancy group Grant Thornton has been appointed as receivers. At the beginning of 2002 the company secured £6 million in funding from Add Partners and Scottish Equity Partners.
The company's laser coatings division which was sold off last year and renamed Helia Photonics, raised £1million in September 2002.
In June Terahertz Photonics was part of the team which won support from the DTI through the LINK scheme for the development of the next generation of optical interconnections for Storage Area Networks (SANs). Terahertz was working with Xyratex, the University of Edinburgh and University College London in the 2 year research project. The Storlite project's aim is the design and implementation of innovative optical interconnection schemes that increase the density of data storage and reduce the cost.
Terahertz had two different but complimentary materials platforms. The Solica process is for the deposition of silica on silicon while Truemode is for high performance optical polymers.