Santa Clara, Calif., December 20, 2012 – Coherent, Inc. (Santa Clara, CA)today announced that it had acquired Lumera Laser GmbH (Kaiserslautern, Germany) a recognized industry leader in ultrafast lasers for Micro-Electronics, and Precision Materials Processing. The acquisition complements Coherent’s existing portfolio of industrial ultrafast lasers and broadens the company’s product capabilities in these rapidly developing markets. It is anticipated that Lumera will play a central role intheexpansion of Coherent’s ultrafast product and market growth through its new product capabilities and applications expertise.
Lumera has enjoyed significant success with its broad range of Rapid and Hyper-Rapid picosecond products in such applications as specialty marking & engraving, photovoltaic manufacturing, glass cutting and LED scribing. “We are excited to have Lumera as part of Coherent,” stated Mark Sobey, Executive Vice President of Coherent. “With a combined industrial picosecond installed base of >500 systems in 24/7 production, we intend to leverage our world-wide sales and service network and joint technology expertise so that these growing markets will benefit from the broadest selection of ultrafast laser solutions backed by the service support for which Coherent is known.”
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 Mark Sobey, Executive Vice President, at (408) 764-4000. For more information about Coherent, including product and financial updates.
Forward Looking Statement
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 acquisition of Lumera Laser GmbH, the central role of Lumera in expanding product offerings, new opportunities created in the Micro-Electronics, and Precision Materials Processing markets, the ability of Coherent to successfully introduce new products from these acquisitions, and leveraging of the Coherent sales and service network and joint technology expertise.
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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