SAN JOSE, Calif., Nov. 18 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) has
acquired all the outstanding shares of Mr. Laser, Inc., a privately held
company located in San Jose, California. Mr. Laser, Inc. has developed a
compact laser marking system based on SDL's recently introduced fiber laser.
Donald R. Scifres, chairman and chief executive officer stated, "Mr.
Laser. Inc. leverages SDL's fiber optic and fiber laser product lines, which
were originally developed to address communications markets, into the
estimated $800 million laser materials processing and marking systems market.
Mr. Laser's products are designed to specifically address applications such as
writing on semiconductor packages, semiconductor wafers, ceramics, glass,
plastics, metals, cardboard and wood. Mr. Laser brings to SDL the software
and beam scanning technology required to address these new markets. The new
Mr. Laser system is about one-third the size of present competing laser
marking systems and sells for a fraction of the competitive price. Its size
and price advantages arise in part from the unique design of the SDL fiber
laser. The combination of fiber optic and laser scanning technologies
reinforces our strategic view that fiber optics represents a key to many
future high dollar value growth opportunities."
The total purchase price for shares purchased and related transaction
costs is approximately $1.2 million. The acquisition will result in a
one-time write-off which will range from $600,000 to $900,000 for in-process
research and development for SDL in Q4 1997. All operations of Mr. Laser,
Inc. will be integrated into SDL's Systems Group. The existing management
team of Mr. Laser, Inc. is remaining with the company. |
