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StockerYale Photonics Products Awarded Evergreen Contract
(Wireless News Via Acquire Media NewsEdge)
StockerYale, a designer and manufacturer of structured light lasers,
LED modules and specialty optical fibers for industrial OEMs, medical
and defense markets, announced that its Photonics Products unit has
been awarded an evergreen contract to supply custom designed, packaged
laser diodes for the telecommunications division of a diversified,
multi-billion dollar global technology company.
According to company officials, under the terms of the contract,
StockerYale expects annual revenues generated under the contract to
begin initially in the six-figure range and increase over time.
"This contract award further underscores the turnaround in Photonic
Products recorded in the first quarter and validates our market-leading
technology," stated Mark W. Blodgett, Chairman and CEO of StockerYale.
"Additionally, in securing a customer of this stature, we once again
demonstrate our ability to leverage core technology competencies and
apply them to solutions that yields a faster time-to-market and greater
efficiencies for the end-customer."
Damon Cookman, Managing Director of Photonic Products, said, "Our laser
diodes are integral to the customer's new innovative, next generation
product, for which demand has been very high. The receipt of this award
is indicative of our ability to rapidly produce initial prototypes and
the capacity to ramp up production to satisfy increasing orders while
maintaining consistently high quality."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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