StockerYale, Inc., a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today announced it had received a follow-on development order from one the world's largest defense contractors for the Company's pulsed Thulium Doped Fiber Laser (TDFL). Financial details of the follow-on order were not disclosed.
Purchased as part of StockerYale’s acquisition of Spectrode, LLC (“Spectrode”) in October 2007, StockerYale received an initial TDFL development order from the customer in November 2007. An initial prototype order was shipped at the start of the third quarter of 2008 and was valued at nearly the purchase price of Spectrode.
“The follow-on order validates our acquisition of Spectrode and the potential application of TDFL technology to defense systems,” stated Mark W. Blodgett, StockerYale’s chairman and CEO. “While this order allows us to enhance development of our TDFL systems, we are at the same time investing in research and development to apply its potential to other markets we serve, including high-growth medical and industrial applications.