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TheStreet Open House

IPG Photonics' Management Presents At Barclays Capital Global Technology, Media And Telecommunications Conference (Transcript)

IPG Photonics Corporation (IPGP)

Barclays Capital Global Technology, Media and Telecommunications Conference Call

May 22, 2012 10:45 ET

Executives

Tim Mammen – Chief Financial Officer

Analysts

Olga Levinzon – Barclays Capital

Presentation

Olga Levinzon – Barclays Capital

Good morning everyone. Thank you for joining us. I’m Olga Levinzon display and lighting analyst of Barclays. And this morning, it’s my pleasure to introduce Tim Mammen, CFO of IPG Photonics the leading fiber laser company in the world. And I’ll turn over to Tim.

Tim Mammen

Great, thank you, Olga. Just want to draw your attention first of all to our Safe Harbor statements and the fact that we will be making forward-looking statements during the course of this presentation. Actual results could differ from those forward-looking statements and I also just want to draw your attention to the risk factors that are outlined in our quarterly filings with the SEC.

Having said that, I'll move on to talking about the company. IPG released credit suite with being the company that commercialized this unique fiber laser technology. The company was started about 20 years ago and has grown very rapidly particularly over the last three or four years as fiber lasers have become more and more widely accepted. We are replacing traditional technologies. The laser market itself also is growing as new technologies are being developed the used lasers and also lasers displays non-laser technologies in them as primarily in the machine tool business.

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