news digest ♦ Lasers
cutting,” continued Gapontsev. “Demand for high power and pulsed lasers continued to drive our product sales. Also, the growing number of OEM customers contributed to the sales increase in materials processing. Advanced applications and telecom sales were up 76% and 73%, respectively, and medical increased by 10% from last year. Geographically, sales increased in every region, with China and Europe the strongest performers with sales up 234% and 120%, respectively.”
“IPG generated $13.8 million in cash from operations and ended the quarter with $160.6 million in cash, an increase of $12.8 million sequentially,” said Gapontsev. “Capital expenditures for the first quarter of 2011 totalled $11.3 million as we invested in additional capacity, application development and sales facilities abroad.”
Business Outlook and Financial Guidance
“IPG’s order flow remains strong,” said Gapontsev. “It has become clear that our fiber lasers are now well accepted in many applications, especially in materials processing, as potential customers recognize our brand and the value our products provide. In addition, we are seeing customers, especially OEMs, order products in significantly greater quantities. Given the leverage in our business model, our sales performance should result in impressive profitability for the year.”
IPG Photonics expects revenues in the range of $102 million to $110 million for the second quarter of 2011. The Company anticipates earnings per diluted share in the range of $0.50 to $0.59 based on 48,690,000 common shares, which includes 47,099,000 basic common shares outstanding and 1,591,000 potentially dilutive options at March 31, 2011.
Daylight to throw light on expanded Aries mid-IR lasers
Daylight Solutions, a manufacturer of advanced molecular detection, spectroscopic, and high-power illumination solutions based on quantum cascade and other technologies, has expanded its Aries Series of high-power, multi-wavelength mid-IR lasers.
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www.compoundsemiconductor.net June 2011
Earlier this year Daylight introduced the first in the product line, the Aries-100 air-cooled 2 W laser. The Aries commercial product line has now been expanded to include the Aries-200, -400, and -700 products.
The modularity of the Aries family of products can now provide the end user with customisable performance in wavelength and power. Our customers can now choose to populate one, two, four, or seven laser “sockets” with any wavelength and power that Daylight offers. Populating all seven sockets in the Aries-700 can provide over 10 W of cw, air-cooled mid-IR laser power.
“The flexibility and performance of the Aries product family is beyond anything available on the market to date,” says Michael Radunsky, Product Marketing Manager for Daylight Solutions’ scientific products. “These turn-key systems can be configured for high power at a single wavelength or to deliver up to seven different wavelengths simultaneously and collinearly.”
The Aries-100 is CDRH approved and is ready for lab use. The higher models in the series are OEM laser systems that are ready for integration. Radunsky continues, “The SPIE Defence, Security, and Sensing Symposia and Exhibition is an excellent venue for the announcement of this new product line, as the Aries series serves this community well. These lasers are already finding applications in stand-off detection, free space
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