StockerYale, Inc. Introduces New Thulium-Doped Optical Fiber Product Line
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today announced the availability of a new thulium-doped (“Tm-doped”) optical fiber product for fiber lasers.Tm-doped fiber lasers, which lase in the 1800 to 2200 nm range, show substantial promise as “eye-safe” lasers for LIDAR (contour mapping), remote gas sensing, and other military and security applications. Tm-doped fiber lasers are also expected to be deployed in various medical applications as a potential complement or replacement to Ho:YAG lasers.
“This introduction represents an expansion of our product offering into one of the fastest growing and highest potential areas for fiber lasers and positions us to further penetrate key military and biomedical verticals,” stated Mark W. Blodgett, Chairman and CEO of StockerYale, Inc.
As with the Company's existing ytterbium, erbium and neodymium-doped fiber products, the new thulium-doped fiber, TDF-1940-6/125, is fabricated using StockerYale’s proprietary rare-earth doping method. The technique provides a number of measurable advantages, including a homogeneous glass matrix and the ability to control rare-earth content with a high degree of precision.
For additional information on StockerYale’s new thulium-doped fiber, please contact:
Kevin McPoland
StockerYale, Inc.
(603) 870-8315
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 statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company’s quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Contact:
The Piacente Group, Inc.
Sanjay M. Hurry, 212-481-2050
(Investor Relations Counsel, StockerYale)
sanjay@tpg-ir.com