SDL Inks $66.7 Million Supply Deal with IPG Photonics - TheStreet

SDL Inks $66.7 Million Supply Deal with IPG Photonics

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SDL

(SDLI)

, an optical communications provider, said it has signed an multi-million-dollar agreement to provide multimode pump lasers to

IPG Photonics

.

SDL said it will supply the Sturbridge, Mass.-based IPG with the laser pumps through Dec.31, 2002 and expects to generate total revenues of $66.7 million over the period.

IPG will use the pumps in fiber lasers and various optical amplifier products used in fiber optic communication systems, terrestrial wireless optical networks and free-space communications. They also will be used in a new generation of low-cost metro amplifiers in emerging metro access networks.

Shares of SDL recently gained 1.02%, or $2.06, to $204.06 in trading on the

Nasdaq

.