In 1995 Dr. Róbert Szipőcs - the inventor of chirped mirrors - and his colleagues at the Research Institute for Solid State Physics, Budapest, Hungary, and at JATE University, R&D Ultrafast Lasers Ltd. was founded in 1997 under the aegis of its preceding company R&D Lézer-Optika Inc founded by Dr. Róbert Szipőcs at JATE University in Hungary. The new formed company R&D Ultrafast Lasers now develops and produces femtosecond lasers. In the following years it has been involved in the research and implementation of femtosecond techniques. It is developing and selling tunable femtosecond lasers, femtosecond Optical Parametric Oscillators and is involved in research and development of femtosecond laser applications (two photon microscopy, time resolved spectroscopy).