Newport Corporation Ships New Fiber-Based Laser System
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IRVINE, Calif., April 24 /- Newport Corporation (NASDAQ:NEWP) today announced that its Fiber Laser Business Group has shipped the first units of a new laser system based on its innovative fiber technology platform to select international customers. This new laser system, which operates in the ultraviolet (UV) wavelength range and generates picosecond laser pulses, offers superior performance compared with any existing laser architecture.
The new system's unique combination of picosecond pulse operation, high UV power and excellent beam quality enables it to perform processes such as cutting, dicing, scribing and ablation with higher precision and less damage to the material. As a result, the new laser system improves process results and reduces cost of ownership in a wide variety of new and existing applications in the microelectronics and industrial markets, such as semiconductor, solar cell and flat panel display manufacturing.
Robert G. Deuster, chairman and chief executive officer, stated, "We are very excited to announce this important milestone for our Fiber Laser Business Group. We were the first company to aggressively embrace diode-pumped solid- state technology in the 1980s, and we developed some of the original fiber laser and amplifier technology in the 1990s. Now, we expect to change paradigms in the laser industry once again, by providing solutions that offer unsurpassed performance and reliability thanks to fiber technology."
Deuster continued, "Newport has a unique position as one of the industry's only vertically integrated laser suppliers, with expertise in diode lasers and high-precision optics and coatings, and industry-leading capabilities in high- efficiency frequency conversion. Combining these strengths with the expertise of our Fiber Laser Business Group, we have developed and delivered a next- generation fiber-based product that provides unmatched performance, reliability and cost of ownership."
Deuster concluded, "The laser system shipped recently is the first in a series of new fiber-based laser products Newport will introduce this year. We look forward to enhancing and expanding our product portfolio in this area, offering higher-performance alternatives to conventional laser technologies in a wide range of markets and applications."
ABOUT NEWPORT CORPORATION
Newport Corporation is a leading global supplier of advanced photonics technologies 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 and 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 2000 Index.
CONTACT: Charles F. Cargile of the Newport Corporation, +1-949-863-3144, investor@newport.com; or Dan Peoples of Makinson Cowell, +1-858-552-8146
