StockerYale Announces Specialty Optical Fiber Distribution Agreement with Newport Corporation
SALEM, N.H.--Sept. 25, 2007--StockerYale, Inc. (NASDAQ: STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced an agreement with Newport Corporation (NASDAQ: NEWP), a world leader in photonic solutions that Make, Manage and Measure Light(SM), for distribution of StockerYale's line of specialty optical fiber (SOF) products.
"We are excited to benefit from Newport's broad reach to a wide range of customers in key markets such as medical, biomedical equipment and defense. Their products are used by many of the world's leading corporations, universities and research institutes, and their distribution channels offer StockerYale a significant opportunity to expand our growing SOF customer base," said Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale.
StockerYale's specialty optical fiber will be available for sale through the Photonics and Instrumentation section of Newport's website at http://www.newport.com/products/overview.aspx and in the Newport Resource Catalog.
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.
About Newport Corporation
Newport Corporation is a leading global supplier of
advanced-technology products and systems to customers in the
scientific research, microelectronics manufacturing, aerospace and
defense/security, life and health sciences and precision industrial
manufacturing markets. Newport's innovative solutions leverage its
expertise in high-power semiconductor, solid-state and ultrafast
lasers, photonics instrumentation, sub-micron positioning systems,
vibration isolation, optical subsystems and precision automation to
enhance the capabilities and productivity of its customers'
manufacturing, engineering and research applications. Newport is part
of the Standard & Poor's SmallCap 600 Index and the Russell Microcap
Index.
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 StockerYale will be able to expand its growing SOF customer base. 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
Brandi Piacente, 212-481-2050
brandi@thepiacentegroup.com