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Modulight celebrates 10 years anniversary with 35% growth in business

Date Announced: 25 Aug 2010

Finnish company having cocktail party to celebrate.

Modulight, a privately held laser solutions provider based in Tampere Finland, celebrates this week 10-year era of its lasers with a 35% sales growth in H1 2010 compared to previous year. Many of company's long-term collaborators are expected to take part the open house cocktail party organized on 27th of August at Modulight's headquarters located in Tampere, Finland.

Modulight was established in year 2000 for providing communications laser technology for short reach applications. One of the first products, uncooled 1310nm 10Gb/s laser diode, was the first of a kind when released and still belongs to Modulight's communications product portfolio. Later on when the telecom market started to level off, Modulight was able to move fast and address new markets that allowed the company to grow the business by 50-100% annually over 2003-2008.

Entering medical, defense and industrial markets was challenging but it proved to be the right strategy to pursue. Elemental part of the new strategy was the launch of high-power laser products around 2004 that was also recognized by Frost & Sullivan Product Innovation award in 2005.

That year Modulight also established Modulight USA, Inc. based in San Jose, CA, which was later on nominated as a Emerging Laser Diode company of the Year 2008 in North-America. Along with the market diversification, Modulight has systematically build up capabilities and expertise for packaged and integrated laser solutions being today one of the few companies globally to offer chip-to-system solutions over a broad wavelength range from 630nm to 1650nm. Over the years the company has produced well over a million lasers and shipped them to 4 continents and over 20 countries.

The success of the company is attributed to the customers with whom Modulight has built trusted relationships and to its dedicated team, committed to company's growth. 'We would not be here with this bright future ahead without long-term partnerships with many of our customers and enthusiastic and committed team at Modulight.

With the current technology portfolio and capabilities Modulight has we see a great opportunity for a double digit continued growth also over the coming years. I wish to express my sincere gratitude to all Modulight employees, customers, and partners all over the world for contributing to the success of Modulight', says Dr. Petteri Uusimaa, President & CEO of Modulight.

Source: Modulight

Contact

Anca Guina
Manager, Product Promotion
Tel: +358 20 743 9000
Fax: +358 20 743 9009

E-mail: marketing@modulight.com

Web Site: www.modulight.com

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