DirectPhotonics Secures Growth Investment to Accelerate Market Access

Date Announced: 18 Jun 2015

German firm to develop low-cost kilowatt lasers.

BERLIN--(BUSINESS WIRE)--DirectPhotonics Industries GmbH, a cutting edge provider of ultra-high brightness direct diode laser solutions for material processing, announced today it has secured an investment infusion of up to 3.3 Million Euros from existing shareholders and a new significant industrial strategic partner. The capital will be used to accelerate growth, execute on operational excellence, and further develop a cost reduced kW laser material processing product line.

“This investment is another important step in the development of the company. It aims to create a mature industrial organization, which ensures that product qualification, manufacturing processes and customer services are in line with market expectations. Beyond the financial investment, which reinforces the strong confidence of our investors in our business model, the strategic partnership gives DirectPhotonics access to resources that will significantly support the company’s organizational growth,” commented Wolfgang Gries, CEO and founder of DirectPhotonics.

Source: DirectPhotonics

Contact

E-mail: info@directphotonics.com

Web Site: www.DirectPhotonics.com