IZMO Limited has informed the Exchange regarding a press release dated March 16, 2026, titled "izmo Microsystems Enters Strategic Partnership with European Photonics Leaders CCRAFT and Alcyon Photonics to Accelerate Next-Generation Silicon Photonics Solutions".
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IZMO Limited's semiconductor subsidiary izmo Microsystems has signed a Memorandum of Understanding with Swiss TFLN photonic chip foundry CCRAFT SA and Madrid-based photonic IP design firm Alcyon Photonics SL. The three-way collaboration aims to jointly design, produce, and commercialize advanced photonic integrated circuits for datacom, telecom, aerospace, and sensor markets. izmomicro will serve as the preferred packaging partner, leveraging its end-to-end silicon photonics packaging capability based at a Class 1000 cleanroom in Bangalore. The partnership positions izmomicro within Europe's photonics ecosystem, aligning with the European Chips Act and India's Aatmanirbhar Bharat semiconductor initiative. The filing does not disclose any specific revenue figures, order values, financial commitments, or timelines tied to this MoU.
This is a strategic positioning move rather than a revenue-generating contract — no order value, revenue guidance, or financial commitments have been disclosed. The announcement could generate positive sentiment by linking IZMO to the high-growth silicon photonics market (estimated USD 2–3 billion in 2025, projected to reach USD 28 billion by 2034), but investors should note that an MoU is non-binding and there is no clarity on when or whether this will translate into meaningful revenue.