News Article
StockerYale changes name to ProPhotonix
The new name is aimed to reflect the company’s focus on developing and manufacturing unique LED and laser module products
StockerYale, a designer and manufacturer of LED systems and diode-based laser modules for industry leading OEMs, is changing its name to ProPhotonix Limited, with immediate effect.
The name change is to reflect the Company's track record for innovations in optics technology for both LED systems and diode-based lasers. In accordance with the change of name the Company's ticker will be changed in due course.
"Following last year's sale of the Company's North American operations combined with our increased focus on leveraging our LED technology into new, much larger markets not previously addressed by the Company, we believe adopting a new name and brand identity is a logical next step in our growth strategy," said Mark W. Blodgett, Chairman and CEO of ProPhotonix.
"The new name gives customers, suppliers, and investors a clearer definition of what we do and the direction we intend to pursue. While the StockerYale brand is well known in the machine vision industry, it does not clearly reflect that we are a technology company, developing and manufacturing unique LED and laser module products for the medical, defense and industrial markets."
ProPhotonix intends to leverage its chip-on-board LED technology to develop a range of new products (such as LED light engines) to address large, growing markets in the medical and illumination sectors. This includes architectural, entertainment and industrial lighting.
