LASER TECHNOLOGY

Introduction

 Leading developer and manufacturer of a breadline of high performance fiber

lasers, fiber amplifiers and diode lasers used in material processing.
 Began operations in 1990 and incorporated in Delaware in 1998.
Headquartered in Oxford, Massachusetts.
 Fiber lasers, unlike gas (C02) lasers or crystal lasers use semiconductor diodes
as the light source to pump specialty optical fibers. The fibers have the
diameter comparable to human hair.
 Fiber lasers advantages : superior performance, lower cost, ease of use,
compact size, wavelength and precision control.
 Company Overview – Business Model

Research and Development Manufacturing Sales

• Extensive emphasis on R&D • Vertically integrated • Sell products globally to

in laser materials, fiber, operations OEMs, system integrators
optoelectronic components and end users.
• In house engineering
• 170 patents issued and 260 capability to integrate • Efforts to design and
patent pending applications products introduce new and
improved products.
 Global Footprint

United
States and
Other, North
11.4% America,
14.7%

Europe ,
 Major Manufacturing facilities: United
10.1% States, Germany and Russia
China,
31.9% Germany  Sales and Service Offices: China, France,
and India, Italy, Japan, Poland, Singapore, South
Korea, Spain and Turkey
Eastern
Europe,  Material Processing application centers:
Japan, 22.5% US, Germany, Russia, China, Japan, Italy and
9.4% South Korea
 Product Segments

Material Processing
Communi  Cutting & Welding
cations - Medical -  Marking and Engraving
Advance 1.1% 0.6%  Micro –Processing and Fine processing
 3D Printing
Applicatio
ns - 3.3% Advanced Applications
 Special Projects and Research
 Direct energy demonstration
 Obstacle warnings

Communications
 Broadband – fiber, call video signal
transport
Materials
 Metro and long haul wire line
Processing
- 95% Medical
 Skin rejuvenation and wrinkle removal.
 General Surgery and urology
 Dental
Applications of Laser Products

 Communication and
materials processing
segments are the largest
in the laser industry

 3D laser printing is
currently the smallest
segment but is rising
quick. Its revenue
increased 30% in 2014
 Industrial Laser Revenues

 C02 Lasers make up about 34% of industrial laser’s revenue in 2014

 Fiber Laser makes up about 36% of industrial laser’s revenue in 2014

 Fiber Laser in industrial laser grew 14% in 2014 and is expected to continue in the
coming years
 Market Trends
Material Processing
 Industrial laser systems account for 14% of
global machine tool sales
 Revenue growth of 7.93% from 2013-2014
 Strong growth is expected to continue due to
strong demand for excimer lasers and
supplies, essential for manufacturing
semiconductors
Communication
 Revenue grew 3.56% from 2013 to 2014
and is expected to grow at 2.8% per year
 Communication segment growth is
predicted to slow down slightly in 2015
but will remain strong
 Optical Storage Segment growth is
expected to be stagnant or negative due
to the growing popularity in solid state
drive
 SWOT Analysis

 Vertically integrated
development and
manufacturing
 Strong research bringing
breath and depth of expertise
 Diverse customer base
reflecting the diverse
applications of lasers
 Huge opportunity to displace
traditional lasers in several
applications
 Enable use of fiber lasers in
new applications
 Can expand product portfolio
and global to reach
 Litigation expenses due to
infringement of intellectual
property rights
 High level of fixed costs and
inventory levels
 Limited suppliers
 Markets are competitive
characterized by rapidly
changing technology
 Manufacturing capacity and
operations may not be
appropriate for future levels of
demand
 Currency rate risk
Thank you