Palomino Labs Inc

Palomino Laboratories Inc. Receives Its First Commercial Purchase Order from a Hyperscaler Customer For GaN MicroLED Communication Chips Supporting AI Optical Interconnects

Palomino Laboratories received its first commercial purchase order from a strategic hyperscaler customer for GaN MicroLED chips supporting AI optical interconnects. The PO includes a statement of work to improve nanomaterial and MicroLED design for higher output power and fiber coupling efficiency, with other parameters already compliant with the customer's requirements. The company says the order meets its previously stated objective of securing a development contract from a strategic AI customer in Q4 FY26, though no order value, volumes, or revenue figures were disclosed.

•4d ago

Palomino Laboratories Completes Vega Links Acquisition and Strengthens Technology Leadership to Accelerate Next-Generation AI Interconnect Development

Palomino Laboratories announced the closing of the Vega Links acquisition, transforming the company into a comprehensive AI interconnect provider and expanding its estimated addressable market by approximately 10x to greater than $60 billion. The company appointed Karthik Gopalakrishnan as CTO and Rajesh Radhamohan as CPO to lead the AI interconnect chipset strategy, adding Sudeep Bhoja and Dr. Gopal Raghavan to its Strategic Advisory Board. This move combines Palomino's gallium nitride MicroLED technologies with Vega Links' silicon design and systems architecture to target the rapidly scaling AI infrastructure market.

•2mo ago

Palomino Laboratories Inc. Ships First Generation MicroLED Light Engine Prototypes to First Hyperscaler Customer

Palomino Laboratories shipped first-generation MicroLED light engine prototypes to a hyperscaler customer, who confirmed bandwidth performance exceeded initial design targets. The company plans to sample second-generation technology to multiple customers by the end of Q3 FY26 and expects to receive its first development contract from a strategic AI customer in Q4 FY26. Management targets a total addressable market exceeding $60 billion by 2031, aiming to address bandwidth bottlenecks in AI data centers.

•3mo ago

Palomino Laboratories Announces Binding LOI to Acquire Vega Links Inc. to Create a Next-Generation AI Interconnect Company

Palomino Laboratories signed a binding Letter of Intent to acquire Vega Links Inc. in an all-stock transaction, aiming to create a comprehensive AI interconnect company spanning copper, MicroVCSEL, and MicroLED solutions. The company estimates the transaction will expand its total addressable market by 10x, growing from approximately $6 billion to more than $60 billion. Upon closing, Palomino expects to appoint Karthik Gopalakrishnan as Chief Technology Officer and Rajesh Radhamohan as Chief Product Officer to lead the expanded engineering team.

•3mo ago

Palomino Laboratories Common Stock Commences Trading on the OTCQB VENTURE MARKET

Palomino Laboratories announced that its common stock has commenced trading on the OTCQB Venture Market under the ticker symbol PALX. The company's shares are now DTC eligible, which facilitates electronic clearing and settlement for investors. CEO Jeffrey B. Shealy highlighted that this step increases visibility within the capital markets as the company advances its optical interconnect technologies for AI infrastructure.

•3mo ago

Palomino Laboratories Inc. Co-Founder, Dr. Steven P. DenBaars, Receives the Prestigious 2026 IEEE Nick Holonyak Jr. Award at IEEE 2026 Honors Ceremony

Palomino Laboratories Co-Founder Dr. Steven P. DenBaars received the 2026 IEEE Nick Holonyak Jr. Medal for his pioneering contributions to compound semiconductor optoelectronics. CEO Jeffrey B. Shealy highlighted that DenBaars' research underpins the company's development of microLED photonics for energy-efficient AI optical interconnects. The company also celebrated a milestone week by marking its listing on the OTCQB exchange, signaling its transition to a publicly traded entity.

•5mo ago

Palomino Laboratories Inc. Closes $15 Million at $4/share

Palomino Laboratories closed a $15.1 million private placement, issuing 3.77 million shares of common stock at a purchase price of $4.00 per share. The capital will be used to accelerate commercialization and scale the company's MicroLED-based optical interconnect solutions for AI data centers. CEO Jeffrey B. Shealy highlighted that the financing reflects strong investor confidence and aligns with national semiconductor priorities including CHIPS and NIST initiatives.

•5mo ago