Ray[STKR] also good move on quadruple witching day, considering they are based in Salem(spooky).
StockerYale Announces New R&D Initiative to Develop Next Generation Specialty Fibers
Wednesday December 13, 4:15 pm ET
Fiber Products will Target Manufacturers of Fiber Lasers and Amplifiers
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading independent provider of photonic-based products today announced an increase in investment in personnel and equipment to develop fibers for fiber lasers and amplifiers. StockerYale continues to add top industry talent to its specialty optical fiber business in order to focus on advanced development of next generation rare earth doped fibers. Richard P. Tumminelli, Director of R&D for Specialty Optical Fiber, stated, "It is well known in the fiber laser industry that most commercially available ytterbium fibers used in industrial lasers today display a phenomenon called photo-darkening where the core material darkens with usage. When fiber lasers are operated at high power, this phenomenon will ultimately undermine the laser's performance and lifetime." Based on recent scientific work conducted at the Company, Dr. Ivan Maksymyk, SOF Program Director, noted, "Research and product development will focus principally on the alleviation of this photo-darkening effect through improved core glass composition, and on the improvement of power conversion efficiency, with respect to currently available ytterbium doped fiber products."
In addition, the Company is dedicating further resources to optimize its erbium doped fiber for next generation high power amplifiers which are used in network service applications such as video, high speed internet and telephony. Concurrent with the increased R&D the Company will make additional capital investments to expand both its R&D and production capacity to address these rapidly growing market segments. Based on a recent report by Strategies Unlimited, the emerging market for fiber lasers is expected to grow by a compound annual growth rate of approximately 39%, from $131 million in 2005 to $674 million by 2010. According to Frost & Sullivan, an independent industry research firm, the fiber amplifier market is estimated to grow from $412 million in 2005 to $540 million in 2009.
"Given both the size and growth prospects for rare earth fibers, as well as the fact that there are few independent manufacturers of such fibers, StockerYale is well positioned to service these markets," stated Mark W. Blodgett, Chairman and CEO.
ABOUT STOCKERYALE
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe.
For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com or contact StockerYale, Inc., at 32 Hampshire Rd., Salem, NH, 03079. Call 800-843-8011, Fax 603-893-5604, Email: info@stockeryale.com. |
