Coherent, Inc. Acquires Innolight GmbH and MiDAZ Ltd
Innolight is a leading manufacturer of low power, short pulse lasers for industrial applications like silicon processing, and ultra-stable continuous wave lasers used in demanding scientific applications like atom trapping. The patented MiDAZ technology enables simple amplifiers to be incorporated in a broad range of laser products delivering power scaling and long lasting performance in electrically efficient designs. The combination of Innolight's semiconductor based architecture with MiDAZ amplifiers is anticipated to deliver a broad range of compact, low cost sub-nanosecond IR, Green and UV laser sources, offering best in class performance, value and footprint.
"The acquisition of Innolight and MiDAZ fits well into Coherent's mission of providing cutting edge solutions to both industrial and scientific markets" states Mark Sobey, Executive Vice President at Coherent. "We are excited not only with the current Innolight product line, but also about the future ability to extend the performance in many dimensions based on combinations with MiDAZ and other Coherent technologies to address our customers application roadmaps."
Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets, and is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000. Please direct any questions regarding this press release to Reinhard Luger, Vice President, at +49 4513000300. For more information about Coherent, including product and financial updates, visit our website at www.Coherent.com.
Coherent Shared Services B.V.
This press release contains forward-looking statements, as defined under the Federal securities laws. These forward-looking statements include statements in this press release that relate to the acquisitions of Innolight and MiDAZ, new opportunities created in the scientific and commercial industries, and the ability of Coherent to successfully introduce new products from these acquisitions. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include risks and uncertainties, including, but not limited to, risks associated with the development of products, customer acceptance of any new products, the timing of new products, the Company's ability to successfully integrate the acquisitions and other risks identified in the Company's SEC filings. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8-K, as applicable and as filed from time-to-time by the Company. Actual results, events and performance may differ materially from those presented herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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