Aegis Lightwave and Photop Technologies, both subsidiary companies of II-VI Incorporated (NASDAQ: IIVI), today announced that they have merged under the Photop brand identity. Aegis Lightwave, Inc., based in Woburn, MA, U.S.A. will now operate as Photop Aegis Inc. Its subsidiary AOFR Pty Limited, based in Canberra, Australia has been renamed Photop AOFR Pty Limited.
The merger will allow the affiliates to better serve an expanding and global customer base with coordinated sales, marketing, applications engineering and product development activities using the companies’ combined resources and complementary expertise. The joint product portfolio of the combined companies will be presented as one Photop product portfolio with each product carrying the same brand identity.
“We are excited about the ability to leverage Photop’s strong brand identity to accelerate the sales of our market leading optical channel monitors and fused fiber devices in the global market,” said Chris Koeppen, General Manager, Photop Aegis.
“We look forward to partnering with Aegis and AOFR to further develop our product portfolios and market penetration worldwide where Photop is rapidly becoming a leading player of Optical Components & Photonic Products dedicated to the markets of Communications, Industrial Applications and Life Sciences,” said John Ling, CEO of Photop Technologies.
Photop Technologies became a subsidiary of II-VI in 2010, and Aegis Lightwave became a subsidiary of II-VI in 2011. Photop Aegis and Photop AOFR have transferred their main manufacturing operations to Photop Technologies at the extensive facilities in Fuzhou, China. Based on the joint manufacturing and integrated operations, the companies were able to complete a full merger efficiently and with less impact to its customer base. As a consolidated brand, Photop will be able to provide its customers a seamless experience across a broad portfolio of products, with increasing levels of customer service and responsiveness to enable the business development and sales growth.
About Photop Aegis, Photop AOFR and Photop Technologies
Photop Aegis builds cost-effective solutions for intelligent optical networks that are used for video, data communications, telecommunications and other fast growing markets. Photop Aegis delivers state of the art intelligent fiber-optic sub-systems to an international customer base of optical networking systems manufacturers that enable service providers to cost effectively deploy high bandwidth video services such as High Definition TV, IPTV, and Video-on-Demand. Photop Aegis offers a broad portfolio of cost-effective optical channel monitors specifically designed for reconfigurable optical add-drop multiplexing (ROADM) applications in high speed optical networks. Its Photop AOFR subsidiary is an industry leader in fused fiber components including those required for fiber lasers used in materials processing applications. Photop AOFR also manufactures optical couplers used primarily in telecom markets. Photop Aegis is located in Woburn, Massachusetts, USA, with additional research and development in Flemington, New Jersey. Photop AOFR is located in Canberra, Australia. Photop Technologies located in Fuzhou, China, is a leading photonics designer and integrated manufacturer of crystals & advanced optics, optical components and photonic products for communications, industrial applications and life sciences. More information can be viewed at www.photoptech.com.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically-integrated manufacturing company that creates and markets products for diversified markets including industrial manufacturing, military and aerospace, high-power electronics, optical communications, and thermoelectronics applications. Headquartered in Saxonburg, Pennsylvania, with manufacturing, sales, and distribution facilities worldwide, the Company produces numerous crystalline compounds including zinc selenide for infrared laser optics, silicon carbide for high-power electronic and microwave applications, and bismuth telluride for thermoelectric coolers.
Photop Aegis, Inc.
Mark Lourie, 781-569-1607
Executive Director of Marketing
Photop Technologies, Inc.
Frank Fu, +86-591-88052818
VP Business Development
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here