This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Aegis Lightwave Merges With Photop Technologies

Aegis Lightwave and Photop Technologies, both subsidiary companies of II-VI Incorporated (NASDAQ: IIVI), today announced that they have merged under the Photop brand identity. Aegis Lightwave, Inc., based in Woburn, MA, U.S.A. will now operate as Photop Aegis Inc. Its subsidiary AOFR Pty Limited, based in Canberra, Australia has been renamed Photop AOFR Pty Limited.

The merger will allow the affiliates to better serve an expanding and global customer base with coordinated sales, marketing, applications engineering and product development activities using the companies’ combined resources and complementary expertise. The joint product portfolio of the combined companies will be presented as one Photop product portfolio with each product carrying the same brand identity.

“We are excited about the ability to leverage Photop’s strong brand identity to accelerate the sales of our market leading optical channel monitors and fused fiber devices in the global market,” said Chris Koeppen, General Manager, Photop Aegis.

“We look forward to partnering with Aegis and AOFR to further develop our product portfolios and market penetration worldwide where Photop is rapidly becoming a leading player of Optical Components & Photonic Products dedicated to the markets of Communications, Industrial Applications and Life Sciences,” said John Ling, CEO of Photop Technologies.

Photop Technologies became a subsidiary of II-VI in 2010, and Aegis Lightwave became a subsidiary of II-VI in 2011. Photop Aegis and Photop AOFR have transferred their main manufacturing operations to Photop Technologies at the extensive facilities in Fuzhou, China. Based on the joint manufacturing and integrated operations, the companies were able to complete a full merger efficiently and with less impact to its customer base. As a consolidated brand, Photop will be able to provide its customers a seamless experience across a broad portfolio of products, with increasing levels of customer service and responsiveness to enable the business development and sales growth.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs