StockerYale Introduces Circular Polarization Maintaining Optical Fibers for Current Sensors
January 22, 2007 -- SALEM, N.H. -- StockerYale, Inc. (NASDAQ: STKR - News), a leading independent designer and manufacturer of structured light lasers, LED modules, specialty optical fibers for industrial OEMs and other photonics-based products, today announced the launch of its new circular-polarization-maintaining fibers. These fibers have been designed for use as the sensing fibers in optical current sensors.
Optical fiber current sensor technology is gaining ground in the electrical power industry, where it is used in metering, control and protection applications. Lightweight, small-form-factor fiber sensors offer many advantages over traditional heavy iron-core current sensing equipment. Optical fiber sensors are expected to change the manner in which high-voltage electricity is managed in electric power distribution systems. Other growing applications include electrical railways and various industrial processes, such as the production of aluminum, copper and steel, in which enormous amounts of electricity are consumed.
"StockerYale is the only leading supplier of specialty optical fiber to offer circular polarization maintaining products on a commercial basis. We are poised to become the premier supplier of specialty fibers for this growing market," said Paul Jortberg, Senior Vice-President of the Specialty Fiber Business Unit.
"The development of the method for drawing and coating the circular polarized fiber posed particular technical challenges to our optical fiber R&D team. However, due to the massive investment in new utilities infrastructure underway today throughout India and China, we are confident in a significant return from this R&D initiative," said Mark Blodgett, Chairman and Chief Executive Officer of StockerYale.
The Company will introduce the circular polarization fibers at the Photonics West trade show in San Jose, California, from January 23 - 25, and they be showcased at a number of other trade show exhibitions during the course of 2007.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than those of historical fact are forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: cash balances may be insufficient for us to meet our business goals; our new products might not gain market acceptance; delays and unanticipated expenses in developing products could delay the release of products and affect revenue; and a competitor could develop a superior technology. Forward-looking statements represent management's current expectations and are inherently uncertain. Refer to the discussion under "Risk Factors" in our annual report on Form 10-KSB and quarterly reports on Form 10-QSB for additional considerations. Actual results may differ materially. We undertake no duty to update any forward-looking statements.
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