II-VI Incorporated Announces Acquisition of Max Levy Autograph, Inc.


PITTSBURGH, Dec. 7, 2010 - II-VI Incorporated(Nasdaq:IIVI) today announced the acquisition of Max Levy Autograph, Inc. (MLA). MLA manufactures micro-fine conductive mesh patterns for optical, mechanical and ceramic components for applications such as circuitry, metrology standards, target calibration and suppression of Electro-Magnetic Interference (EMI) from its 30,000 square foot manufacturing location in Philadelphia, Pennsylvania. The MLA team of research and manufacturing engineers has also developed technologies utilizing electro-forming and plating and micro-fine diamond contouring for precision patterns on various substrates to service the medical and commercial markets. MLA's technology is key to the military market as it provides protection for intelligence, surveillance and reconnaissance systems for various aircraft and land vehicles. During this past year, MLA has also become a qualified supplier to II-VI's Exotic Electro-Optics, Inc. (EEO) subsidiary for various products which require EMI gridding. MLA's 30 person workforce generated revenues of approximately $5 million for the 12 months ended September 30, 2010.

Financial terms of the transaction were not disclosed.

Francis J. Kramer, president and chief executive officer of II-VI Incorporated stated, "MLA adds products and technology well matched with the products and markets served by our EEO subsidiary. During the qualification of MLA as a supplier of EMI grids it became clear the combination of these groups would provide a stronger platform for continued growth in the defense industry and potentially enable market diversification over the longer term. As such, MLA will operate as part of our EEO subsidiary which is consolidated into our Military & Materials business segment. We are delighted to welcome the MLA employees to our company."

Donald Sedberry, president and major shareholder of MLA commented, "This acquisition provides an excellent opportunity to continue MLA's long history of supporting our customers with advanced technology development, plus it sets in place a solid foundation for growth. The management, technical and manufacturing personnel of MLA, EEO and II-VI Infrared Optics have worked effectively together and developed a high level of respect for one another. This merger is expected to improve our capabilities to serve our current customers and uncover opportunities to expand our business. We believe the innovative and energetic MLA team is a great fit with the culture and technology of EEO."

About II-VI Incorporated

II-VI Incorporated, the worldwide leader in crystal growth technology, is a vertically-integrated manufacturing company that creates and markets products for diversified markets including industrial manufacturing, military and aerospace, high-power electronics and telecommunications, and thermoelectronics applications. Headquartered in Saxonburg, Pennsylvania, with manufacturing, sales, and distribution facilities worldwide, the Company produces numerous crystalline compounds including zinc selenide for infrared laser optics, silicon carbide for high-power electronic and microwave applications, and bismuth telluride for thermoelectric coolers.

In the Company's infrared optics business, II-VI Infrared manufactures optical and opto-electronic components for industrial laser and thermal imaging systems, and HIGHYAG Lasertechnologie GmbH (HIGHYAG) manufactures fiber-delivered beam delivery systems and processing tools for industrial lasers. In the Company's near-infrared optics business, VLOC manufactures near-infrared and visible light products for industrial, scientific, military and medical instruments and laser gain materials and products for solid-state YAG and YLF lasers. Photop Technologies, Inc. (Photop) manufactures crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other diverse consumer and commercial applications. In the Company's military & materials business, Exotic Electro-Optics (EEO) manufactures infrared products for military applications, and Pacific Rare Specialty Metals & Chemicals (PRM) produces and refines selenium and tellurium materials. In the Company's Compound Semiconductor Group, the Wide Bandgap Materials (WBG) group manufactures and markets single crystal silicon carbide substrates for use in the solid-state lighting, wireless infrastructure, RF electronics and power switching industries; Marlow Industries, Inc. (Marlow) designs and manufactures thermoelectric cooling and power generation solutions for use in defense, space, photonics, telecommunications, medical, consumer and industrial markets; and the Worldwide Materials Group (WMG) provides expertise in materials development, process development and manufacturing scale up.

CONTACT:

II-VI Incorporated

Craig A. Creaturo,

Chief Financial Officer and Treasurer

(724) 352-4455

creaturo@ii-vi.com

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