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Archived Press Releases

Press Releases 2003

StockerYale Announces Third Quarter 2003 Financial Results
November 4 -- Company Reports Higher Revenues, Improved Gross Margin, 40% Reduction In Operating Loss Excluding Non Cash Charge

StockerYale Announces Shareholders' Approval of Reverse Split Proposal
October 16 -- Company Meets Requirements for Continued Listing on NASDAQ

StockerYale Announces Shareholders Meeting to Authorize a Reverse Stock Split
August 26

StockerYale Announces New LED Technology
August 6 -- COBRAT Technology Delivers 80% More Light Than Current Chip-On-Board Technology

StockerYale Announces Second Quarter 2003 Financial Results
July 30 -- Company Reports 44% Reduction In Operating Loss; Completes Bank Financing and Additional Private Equity Financing

StockerYale Completes Debt Refinancing And Equity Placement
June 23 -- Company Announces New Board Member

StockerYale Announces First Quarter 2003 Financial Results
April 25 -- Company Reports 24% Revenue Increase, Significant Order Bookings Expense Reductions, and a 53% Reduction in Net Loss

StockerYale Awarded Contract for Imaging System from Disc Drive Industry Leader
April 3 -- Company Exhibits Strong Orders and Expects Revenues of $3.5 Million in First Quarter

StockerYale Awarded Contract for Specialized LED Illuminator
March 20 -- LED Contract Represents Largest Illumination Order Received to Date

StockerYale Announces Fourth Quarter and End-of-Year Financial Results for Fiscal 2002
March 7 -- Company Reports Lower Operating Loss, Significant Reduction in Expenses, And Completion of $5 Million Financing

StockerYale Introduces Three New Specialty Optical Fibers
January 29 -- The Company Continues To Expand Its SOF Product Portfolio

StockerYale Breaks into Asia-Pacific Market with Specialty
Optical Fiber
January 23 -- Company Receives Significant Erbium-Doped Fiber Order

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Press Releases 2002

StockerYale Announces the Availability of Polarization
Maintaining Fiber
November 14 -- New Specialty Optical Fiber Opens Up New Market Opportunities

StockerYale Awarded Contract for Specialized LED Application
November 7 -- Company Breaks New Ground - Penetrates Niche Market

StockerYale Announces Third Quarter 2002 Financial Results
October 22 -- A Reduced Operating Loss and Lower Cash Outflow Highlight Third Quarter Sequential Quarterly Improvements

StockerYale Awarded Contract From BAE SYSTEMS for Custom Lasers
October 11 -- Company's Lasers Will Be Integral Part of Airborne Countermeasure Systems

StockerYale Awarded ISO-9001:2000 Registration
August 15 -- Registration granted by TUV following an extensive independent review of the Company's quality management system.

StockerYale Announces New L-Band Erbium-Doped Fiber
August 12 -- High erbium peak absorption levels optimize EDFA designs

StockerYale Announces Second Quarter 2002 Financial Results
August 6 -- Revenues and order backlog increase 21% and 70% respectively over first quarter 2002

StockerYale Announces Two New Erbium-Doped Fibers
July 16 -- New rare-earth doped fibers broaden suite of product line

StockerYale Announces High Performance Select Cut-Off
Single-Mode Fiber
July 9 -- Company brings Maryland specialty optical fiber facility on line

StockerYale to Announce Second Quarter Financial Results
on August 6, 2002
July 1 -- Company exhibits strong bookings and increased revenues in second quarter

StockerYale Announces Acquisition of CIENA's Specialty Optical
Fiber Group
May 13 -- The company will be a primary supplier of specialty optical fiber to the optical networking leader.

StockerYale Announces First Quarter Financial Results
May 7 -- StockerYale announced financial results for the first quarter of fiscal 2002.

StockerYale Recipient of Technology Award
April 22 -- StockerYale's erbium-doped fiber wins Fiberoptic Product News' 2001 Technology Award.

StockerYale Announces Fourth Quarter and End-of-Year
Financial Results for Fiscal 2001
February 27 -- Company reports infrastructure build-out is complete.

StockerYale Introduces Polymer Clad Fused Silica (Quartz) Fiber
February 20 -- The fiber is ideal for applications where UV output must be maximized.

StockerYale Completes $7.7 Million Private Placement
February 1 -- StockerYale announced that it has completed a $7.7 million private placement of shares of common stock to a group of institutional investors.

StockerYale Introduces Diffraction Gratings for Telecommunication Applications
January 28 -- StockerYale announced the availability of a new line of diffraction gratings for the telecommunications industry.

StockerYale Announces Best-in-class Cladding Mode
Suppression Fiber
January 17 -- StockerYale announced the availability of what it believes to be the industry's most advanced Cladding Mode Suppression (CMS) fiber available today.

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Press Releases 2001

StockerYale Announces Third Quarter Financial Results
October 29, 2001 -- Optical component revenues recorded sequential growth of 66%.

StockerYale Names New Executive Vice President and
Chief Financial Officer
October 25, 2001 -- StockerYale, Inc. has named Francis J. O'Brien as executive vice president & chief financial officer, effective October 29, 2001.

StockerYale Announces the Sale of its Stilson Machine Tool and Accessories Division
September 27, 2001 -- StockerYale, Inc. announced the sale of its Stilson Die-Draulics division for $1.1 million.

StockerYale Unveils a New Generation of Tunable Optical
Filters at ECOC 2001
September 24, 2001 -- The cutting-edge filters can perform either tunable band-pass filtering or tunable notch filtering

StockerYale Announces Opening of New R&D and
Manufacturing Facility
September 19, 2001 -- StockerYale, Inc. announced the official opening of its new 15,000 square foot R&D and manufacturing facility in Salem N.H. with a ribbon cutting ceremony on September 25, 2001.

StockerYale Revises Revenue Growth Forecast for
Remainder of 2001
August 20, 2001 -- StockerYale, Inc. announced that it has reduced its revenue projections for the remainder of fiscal year 2001.

StockerYale Announces Second Quarter Financial Results
July 19, 2001 -- The company also hires national sales manager for growing optical components business.

StockerYale Announces Release Date for Second
Quarter 2001 Financial Results
July 2, 2001 -- StockerYale, Inc. will announce second quarter 2001 results on the morning of Thursday, July 19, 2001, via Business Wire. The company will host a live web broadcast following the release.

StockerYale Receives Contract for the Development of
Custom Specialty Optical Fiber
June 4, 2001 -- StockerYale, Inc. today announced that it has received its first contract to develop a custom specialty optical fiber from one of the top-three optical equipment suppliers in the world. The company also announced the installation of MCVD equipment, and the completion of equity private placement.

StockerYale Announces First Quarter Sales Increase of 25%
April 24, 2001 -- StockerYale, Inc. announced financial results for the first quarter of fiscal 2001.

StockerYale Announces Release Date for First Quarter
2001 Financial Results
April 18, 2001 -- StockerYale, Inc. will announce first quarter 2001 results on the morning of Tuesday, April 24, 2001, via Business Wire. Shortly after the announcement, it will host a conference call and webcast of the call.

StockerYale Announces Groundbreaking for New R&D Facility
March 27, 2001 -- StockerYale, Inc. announced that it will break ground on March 29, 2001 for the construction of its new R&D facility in Salem, NH. The new facility will house iSOFC, the majority-owned subsidiary concentrating on the development of innovative specialty optical fiber and components.

StockerYale Announces Availability of Erbium-Doped Fiber
March 16, 2001 -- StockerYale, Inc. announced its new line of Erbium-Doped Fiber. Erbium-Doped Fiber is a critical sub-component used in the development and manufacture of Erbium-Doped Fiber Amplifiers, (EDFAs).

StockerYale Acquires KLOÉ, S.A. of France for the
Development of Integrated Optical Circuits
March 15, 2001 -- StockerYale, Inc. today announced that it has signed a letter of intent for an undisclosed amount of stock and cash to acquire a majority owned interest in KLOÉ, S.A. of Montpellier, France. This acquisition will allow the company to design and fabricate integrated optical devices and circuits using KLOÉ's advanced proprietary sol-gel technology.

StockerYale Announces Record Revenues for Fiscal 2000 and
the Sale of Its Machine Tool Business
March 6, 2001 -- StockerYale, Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2000.

StockerYale Announces Release Date for Fourth Quarter and
Year-End Results for Fiscal 2000
February 27, 2001 -- StockerYale will announce fourth quarter and year-end results for fiscal year 2000 on the morning of Tuesday, March 6, 2001, via Business Wire. Shortly after the announcement, StockerYale's executive management team will host a teleconference call with industry analysts beginning at 12:05 PM (ET).

StockerYale Names New Vice President of Operations
February 8, 2001 -- StockerYale has named Yvan Beauregard as Vice President of Operations for StockerYale Canada. Mr. Beauregard will oversee day-to-day manufacturing operations and coordinate the transfer of optical component and laser R&D projects into full-scale production.

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Press Releases 2000

StockerYale Names New Vice President of Research and
Development
December 18, 2000 -- StockerYale has named Dr. François Ouellette as Vice President of Research and Development, Optical Components. Dr. Ouellette will focus on the development of optical components and specialty optical fiber (SOF).

StockerYale Announces the Purchase of a New R&D and
Manufacturing Facility in Montreal, Canada
December 14, 2000 -- StockerYale announces the purchase of a new R&D and manufacturing facility that will develop leading-edge optical components used to build the all-optical networks of the future.

StockerYale to Participate at AEA classic Financial
Conference in San Diego
November 6, 2000 -- StockerYale announces that its Chairman & Chief Executive Officer, Mark Blodgett, will be a presenter at the AEA classic Financial Conference in San Diego.

StockerYale Announces the Formation of a Subsidiary
that will Develop a New class of Tunable Optical Filters
November 3, 2000 -- StockerYale announces that it has agreed to invest in a subsidiary business called Optune Technologies that will develop a new class of tunable optical filters (TOFs).

StockerYale Announces A Major R&D Initiative to
Develop Innovative Specialty Optical Fiber and Components
October 26, 2000 -- StockerYale announces it's largest R&D initiative to date to develop a new class of specialty optical fiber (SOF) and related components.

StockerYale Reports Third Quarter Sales Increase of 66%
Over Third Quarter of Prior Year
October 19, 2000 -- StockerYale releases financial results for the third quarter of fiscal 2000.

StockerYale Completes Equity Private Placement
October 5, 2000 -- StockerYale announces the completion of a private placement of 409,132 common shares at a price of $30.00 per share totaling net proceeds of approximately US $11.9 million.

StockerYale Names New Senior Vice President of Sales
and Marketing for Optical Components Group
September 27, 2000 -- StockerYale names Paul Jortberg as Senior Vice President of Sales and Marketing for the Optical Components Group.

StockerYale Announces the Sale of Its Military
Watch Business
September 26, 2000 -- StockerYale announces the sale of its military watch business to Cammenga Associates, Inc.

StockerYale to Construct New Facility to Produce
Fiber Optic Performs
September 5, 2000 -- StockerYale announces the purchase of three Modified Chemical Vapor Deposition (MCVD) systems that will be housed in a new facility specifically designed to support these systems.

StockerYale Reports Second Quarter Sales
July 24, 2000 -- StockerYale, Inc. announces financial results for the second quarter of fiscal 2000.

StockerYale Appoints New Board Member
July 13, 2000 -- StockerYale, Inc. announces the appointment of Raymond J. Oglethorpe to its Board of Directors.

StockerYale Announces a Two-for-One Stock Split
July 6, 2000 -- StockerYale announced that its Board of Directors has approved a two-for-one stock split to be paid in the form of a stock dividend.

StockerYale Announces The Acquisition Of CorkOpt,
Ltd Of Ireland
June 5, 2000 -- StockerYale. announces that it has aquired privately held CorkOpt, Ltd. Of Cork, Ireland for a total of $2.45 million.

Stocker & Yale Announces New Micro Focus Laser
May 31, 2000 -- Stocker & Yale announces that its Canadian based subsidiary, Lasiris Inc., a leading provider of phase masks and structured light lasers, has successfully designed and tested a new Micro-Focus Laser Line Projector.

Stocker & Yale Announces Nasdaq National Market Listing
of its Common Stock
May 11, 2000 -- Stocker & Yale announces that its application to list its common stock on the Nasdaq National Market has been approved. The stock listing will be effective on May 16, 2000 and the ticker symbol will remain as STKR.

Stocker & Yale Reports Record First Quarter Sales
April 13, 2000 -- Stocker & Yale announces financial results for the first quarter of fiscal 2000.

Stocker & Yale Announces the Creation of Telecom
Business Group
March 30, 2000 -- Stocker & Yale announces the creation of a Telecom Business Group. This group will focus exclusively on the development and manufacture of specialty telecom fiber, phase masks, and other telecom components for use in the telecommunications industry.

Stocker & Yale Purchases Telecom Fiber Optic Drawing Tower
March 23, 2000 -- Stocker & Yale announces the purchase of a fiber drawing tower capable of producing telecom grade specialty optical fiber.

Stocker & Yale Reports 1999 Year End Financial Results
March 17, 2000 -- Stocker & Yale announces financial results for the fourth quarter and fiscal year ended December 31, 1999.

Stocker & Yale Appoints New Board Member
March 14, 2000 -- Stocker & Yale announced today the appointment of Dr. Herbert Cordt to its Board of Directors.

Stocker & Yale Announces an Agreement with INO to
Manufacture Photosensitive Optical Fibers
March 7, 2000 -- Stocker & Yale announced that it has signed an exclusive agreement with INO for the manufacture and sale of photosensitive optical fibers, which will include Radiation Mode Suppression (RMS) fiber. INO is Canada's largest optics and photonics R&D facility

Stocker & Yale Announces the Completion of an Equity Private Placement. Private Placement to Fuel Company's Growth
March 3, 2000 -- Stocker & Yale announces the completion of a private placement of 355,000 common shares at a price of $26.00 per share totaling net proceeds of approximately US $8.9 million.

Stocker & Yale Announces Largest Commercial Sale of Laser
Based Products
February 24, 2000 -- Stocker & Yale announces that its Canadian based subsidiary, Lasiris Inc., a leading provider of phase masks and lasers, has successfully closed a US $1 million dollar sale of its laser based-structured lighting products.

Stocker & Yale Announces New Name and Corporate Identity
February 22, 2000 -- Stocker & Yale announces the company is changing its name to StockerYale to communicate and reinforce its leadership position in providing high-value, photonics and illumination solutions to a diverse and growing base of customers worldwide.

Stocker & Yale Announces Conversion of it's Subordinated
Debentures
February 18, 2000 -- Stocker & Yale announces the conversion of its $1.35 million 7 ¼ percent Convertible Subordinated Debentures due May 1, 2001.

Stocker & Yale files to List Shares of Stock on Nasdaq
February 14, 2000 -- Stocker & Yale has filed an application with the Nasdaq Stock Market, Inc., to be listed on the Nasdaq National Market.

Stocker & Yale Names New President and Chief Technology Officer
January 19, 2000 -- Stocker & Yale appoints Alain Beauregard, effective February 1, as president and chief technology officer.

Stocker & Yale Introduces the Ultra-Long™ Phase Mask
January 12, 2000 -- Stocker & Yale announces the Ultra-Long™ phase mask. With a grating length of 150mm, this high quality holographic phase mask represents an industry first.

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Press Releases 1999

Stocker & Yale Announces the Expansion of its Fiber Optic
Manufacturing Operation
December 16, 1999 -- Stocker & Yale announces the purchase of fiber optic glass production assets that will increase fiber optic production capacity by 400%.

Stocker & Yale Announces Third Quarter Profit
October 27, 1999 -- Stocker & Yale announces financial results for the third quarter of 1999.

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