28 Jan 2008
Featuring news from PerkinElmer, IPG, Dynasil, LINOS, Micronic, Philips and others.
• PerkinElmer reported revenues for Q4 2007 of $511.5 million, an increase of 20% compared to the same quarter in 2006. Revenue in optoelectronics grew by 22%, driven primarily by the medical imaging and specialty lighting businesses. The company's overall sales increase was driven by the health sciences sector, which accounts for 84% of the total revenues. Full-year results for 2007 included total sales of $1.78 billion, an increase of 15% from 2006.
• IPG Photonics, a provider of high-power lasers and amplifiers, has announced that it will sell fiber-coupled laser diodes on a merchant basis to OEM customers in a variety of industries. This will provide OEMs with an alternative to low-power single emitters and diode bars with shorter lifecycles, according to IPG.
• Dynasil has acquired an optical filter product line from Precision Optics Corporation, along with the intellectual property, customer base and equipment to produce a variety of high performance optical filters. The deal extends the market offerings of Dynasil's Optometrics subsidiary, and complements the company's stated strategy of growing its optical materials, components and coatings businesses through acquisition.
• LINOS, a German developer of optical systems, reported total revenues of €93.8 million ($138 million) for fiscal 2007, a rise of 7.4% over the previous year. Operating profit did not develop as expected and is predicted to be €10 million ($14.7 million), due to a number of factors including higher costs incurred in the development field.
• Full-year results from Micronic, a Swedish developer of laser pattern generators for photomask manufacture, showed that sales declined to SEK 523 million ($81 million), down by 57% from the previous year, largely attributed to falls in the display market. Sales to the semiconductor industry were also said to be flat. As a result, the company posted an operating loss of SEK 291 million ($45 million) for the year. A pick-up across the company's business areas is predicted to take place in 2008 but with the bulk of sales expected in the second half of the year, according to a statement.
• Philips has completed its acquisition of Genlyte, a manufacturer of lighting fixtures and related products for the commercial, industrial and residential markets. Genlyte becomes an indirect wholly-owned subsidiary of Philips, with financial results accounted for in the luminaires business group within Philips Lighting.
• Second-quarter revenues for II-VI increased to a record $74.2 million, representing a rise of 17% and the fourth consecutive quarter of record revenues. Growth in the military, materials, and near-infrared optics segments were said to have contributed strongly. The company completed its acquisition of HIGHYAG Lasertechnologie at the start of 2008, and predict revenue and earnings contributions from the company in the future.
• The merger between FLIR and CEDIP Infrared has been completed. CEDIP's infrared camera operations will be integrated into the Thermography division of FLIR and trade under the FLIR brand name. The acquisition is said to provide greater R&D capability, enhanced core competence and greater production and distribution ability, and be especially beneficial to high-end R&D customers.
• Elbit Systems has been awarded contracts worth $40 million from several customers for the supply of its CORAL and CORAL-CR hand-held lightweight thermal imaging cameras. The contracts include applications for infantry, scouts and special units, security, perimeter defense and target acquisition for infantry commanders. Substantial potential for follow-on orders is predicted by the company.
• Robert Friel has been elected CEO of PerkinElmer and will also retain the title of company president. This is consistent with the company's leadership succession plan announced in July 2007.
• Northrop Grumman has appointed Gordon Stewart as vice president of laser systems with responsibility for the company's Apopka site operations. Stewart will have executive responsibility for all laser systems programs within the company's new Land Forces division.
• Peter van Strijp has joined the board of Oree Advanced Illuminations Systems, an Israeli developer of planar LED illumination. Van Strijp is a former vice president of Philips Lighting and CEO of its solid state lighting business.
• JMAR Technologies, a supplier of laser, photonics and detection technologies, has elected James McCarthy to its board of directors. McCarthy is chairman of a management consulting company focused on the health care industries.
• Scott Soden has joined Gooch & Housego as Western Regional Account Manager, and Martin Cheng is appointed director of sales for Asia Pacific based in Hong Kong. These appointments, along with that of Paul Morris as Global Senior VP Sales, and are said to be part of the company's new global sales and operations strategy.