Coherent, Inc. Announces Creation of Two New Groups
Source: Coherent
Coherent, Inc. (Santa Clara, CA) (Nasdaq: COHR ) today announced the formation of two newly created Groups, Coherent Photonics Group (CPG) and Coherent Telecom-Actives Group (CTAG). The Coherent Photonics Group merges the operations of Coherent s Auburn Group (Auburn, CA), Laser Group (Santa Clara, CA) and Semiconductor Group (Santa Clara, CA) under the direction of John Ambroseo, Executive Vice President of Coherent, Inc. Vacating his position as head of the Semiconductor Group, Vittorio Fossati, Executive Vice President of Coherent, Inc. will head up the Coherent Telecom-Actives Group.
Reporting to Dr. Fossati, the Tampere operation in Finland will provide the epitaxial wafer growth for the Photonics and the Telecom-Actives Groups. CTAG s charter includes the introduction to the marketplace of Coherent s Optically Pumped Semiconductor (OPS) devices and the development and acquisition of new technologies and products to broaden our offering available to customers in active telecom devices. Bernard Couillaud, President and CEO of Coherent said, "The creation of the Photonics and Telecom-Actives Groups is a direct result of our commitment to better focus our efforts and speed up the development of our key initiatives in our Electro-Optics operating segment, including telecom." .
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act : The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties related to currency adjustments, contract cancellations, manufacturing risks, competitive factors, uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company s products and services and other risks identified in the Company s SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are encouraged to refer to the risk disclosures described in the Company s reports on Forms 10-K, 10-Q and 8K, as applicable.
Founded in 1966, Coherent, Inc. is a Standard & Poor s SmallCap 600 company and a world leader in the design and manufacture of lasers and systems for commercial, scientific, medical, and telecom markets.
Contact: Coherent Peter Schuman Director of Investor Relations Tel: 408 764-4174.
Coherent
Peter Schuman
Director of Investor Relations
Tel: 408 764-4174.
