Product category:
Vision and scanning systems
News Release from: Photonic Products
Edited by the Manufacturingtalk Editorial
Team on 08 November 2006
High performance industrial laser diode
purchase
StockerYale, a leading independent provider of photonic-based products, has announced that it has acquired privately held Photonic Products .
StockerYale, a leading independent provider of photonic-based products, has announced that it has acquired privately held Photonic Products of the United Kingdom, a well-known provider of laser diode modules and laser diodes for industrial, medical and scientific markets
This article was originally published on Manufacturingtalk on 26 May 2008 at 8.00am (UK)
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European distributor for laser diodes
Photonic Products, the UK opto-electronics device manufacturer and laser diode specialist, has been appointed by Ondax as authorised European distributor for its wavelength stabilised laser diodes.
This strategic acquisition will significantly broaden StockerYale's product portfolio of laser modules, increase StockerYale's 2006 revenues by approximately 50%, and is expected to substantially improve the profitability and cash flow of the Company.
Photonic Products .
manufactures custom designed electro-optical sub-assemblies and optoelectronic components, based on semiconductor laser diode technology, for leading OEM manufacturers.
Further reading
Tiny laser diode has high power
Photonic Products has launched the Sanyo DL-8142-201 830nm high power, infrared wavelength laser diode with an optical output power of 150mW.
Powerful laser diode offers cost savings for OEMs
The Opnext HL6750MG 685nm laser diode, manufactured by Photonic Product, could be utilised in medical devices such as x-rays or as a light source for optical equipment such as distance meters.
Easy to use 645nm laser alignment module
A 645nm laser alignment module which offers high performance and ease of use at an affordable price has been launched by Photonic Products.
In addition, the company is a leading distributor of high performance industrial laser diodes, including blue-violet, red and infrared laser diodes from Sanyo, Sony and Opnext, and high performance optical lenses from Panasonic.
The company was founded in 1995 and has 45 employees.
Photonic Products operations are located near Stansted, England with sales offices in Germany and California.
Over the last five years, the company's revenues have grown at a compound annual growth rate of 32% in response to worldwide customer demand for its laser diodes, laser modules and optical components.
More recently, the company has invested in CNC manufacturing technology to increase production capacity and improve overall productivity.
This year, Photonic Products received the Queen's Award for Enterprise: International Trade.
Current management, led by Tony Pope, Founder and Managing Director, and Damon Cookman, Director of Operations, will continue to manage the business.
"Photonic Products now has access to StockerYale's RandD resources, specifically its expertise in optics, to further drive new product introductions and to meet the needs of our customers," said Tony Pope, Managing Director of Photonic Products.
"Besides cost savings, we also expect to benefit from numerous cross-selling opportunities with each other's customers and to access StockerYale's distribution channels throughout the world," Pope added.
The acquisition will enable StockerYale to meet the needs of a larger OEM market for laser diodes and laser diode modules with a broad range of sophisticated laser modules at all price levels.
The Company will also enjoy closer working relationships with the world's leading laser diode manufacturers, which will significantly enhance performance of the Company's products and lead to greater market penetration.
Because StockerYale has historically sold primarily into the machine vision market and Photonic Products sells to non-machine vision markets, there exists very little overlap in the combined Company's addressable markets.
Photonic Products will benefit from StockerYale's expertise in optics and laser beam shaping, such as that employed in the development of StockerYale's recently announced, "flat-top" line generator for micro inspection applications (patent-pending).
Customers of both companies will benefit from the complementary expertise and the production of high quality laser modules and optics, from a simple laser spot projector to a high performance laser pattern generator.
"With this acquisition, StockerYale's laser sales will double and our opportunity for future sales is considerably greater due to a more diversified laser product portfolio, multiple cross-selling opportunities and access to new markets for each other's products," said Mark W.
Blodgett, Chairman and Chief Executive Officer.
"We expect that there will be significant cost savings accruing to StockerYale thanks to Photonic Products' laser diode distribution business, as well as the opportunity to combine marketing efforts.
Photonic Product's leaders have a consistent track record managing profitable growth and our combined teams will be a powerful force for product innovation and the development of new customer applications for laser modules.
We are delighted that Photonic Products' management and employees have joined our organisation and we look forward to working together to build on their history of sales growth and profitability," added Blodgett. Request free introductory details about products from Photonic Products ...
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