StockerYale Receives Laser Order for 3D Smart Camera Sensor from SICK|IVP
Laser is an Integral Part of World’s First 3D Vision Sensor
Salem, NH, July 23, 2005 - - StockerYale, Inc., (NASDAQ: STKR), a leading independent provider of photonics-based products today announced that it is supplying laser modules for SICK|IVP’s innovative IVC-3D Smart Camera . SICK is a leading global manufacturer of sensors, safety systems and automatic identification solutions for factory automation. The new sensor utilizes a StockerYale laser specifically developed to meet 3D requirements. The IVC-3D Vision Sensor is the world’s first 3D Smart Camera. It can detect precise geometrical features, regardless of fluctuations in contrast and object speed. The sensor is suitable for numerous inspection tasks in the food and packaging industries, in production processes or robot handling systems. The product has numerous patents pending and was recently introduced at the Hanover Industrial Fair.
Mark W. Blodgett, chief executive officer of StockerYale stated, “We are very pleased to work with SICK|IVP in the development of such a revolutionary product. As the leading provider of structured light lasers to the machine vision market, StockerYale strives to meet the stringent demands of customers, such as SICK. We, along with our German distributor, Laser 2000 GmbH, look forward to supporting SICK during the production ramp-up of the IVC-3D Vision Sensor . We fully expect these types of lasers to represent one of StockerYale’s fastest areas of revenue growth.”
“The laser modules from StockerYale are a vital component of the IVC-3D,” commented Mats Goekstorp, SICK|IVP general manager. “The blending of our leadership and capabilities enables SICK|IVP to offer advanced optics and a high quality laser in a robust industrial housing for unsurpassed 3D performance,” added Goekstorp.
ABOUT SICK|IVP
SICK is one of the world’s leading manufacturers of sensors, safety systems and automatic identification products for industrial applications. With nearly 450 patents, SICK continues to lead the industry in new product innovations. The diversity of its product line allows SICK to offer solutions at every phase of production in the semiconductor, automotive, packaging, electronics, food and beverage, and material handling markets. SICK was founded in 1946 and has operations or representation in 65 countries worldwide.
SICK|IVP supplies sensor systems for high-speed 3D machine vision. Since its inception in 1985, the company’s extraordinary systems of automated visual inspection have been awarded patents throughout the world. SICK|IVP is a leader in the machine vision system chain; from optics and lightning via optical sensor design, camera hardware and software design to application and integration. SICK|IVP became a subsidiary of the multinational German corporation SICK AG in June 2003.
About StockerYale
StockerYale, Inc. delivers award-winning illumination products and optical solutions to customers worldwide. The Company’s unique technological expertise in lasers, LED and other illumination products provides OEMs with customized solutions to improve quality and cost in the automotive, semiconductors, and wood processing industries. Specialty Optical Fiber is the Company’s fastest growing product line as a result of the Company’s expanded fiber offerings and increased demand in the fiber optic gyroscope and sensor markets. With considerable investments in research, state-of-the-art facilities and recent focus on improving costs, StockerYale is well positioned for profitable growth in the near future.
StockerYale serves a widely varied, international customer base and reinvests a significant percentage of its revenues in R&D to meet the future requirements of its customers. StockerYale has offices and subsidiaries in the U.S., Canada, Europe, and the Pacific Rim.For more information about StockerYale and their innovative products, visit the company's web site at www.stockeryale.com or contact StockerYale, Inc., 32 Hampshire Road, Salem, NH, 03079. Call 800-843-8011; Fax 603-893-5604; Email: .
Notice to Investors:
This press release may contain 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 that do not give full weight to all the potential risks confronting StockerYale, and which are dependent upon a number of factors outside of StockerYale's control. Reliance should not be placed on forward looking statements because they involve known and unknown risks, uncertainties and other factors which are in some cases, beyond the control of StockerYale, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. 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.