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July 1, 2008--StockerYale (Salem, NH), a designer and manufacturer of structured light lasers, light-emitting diode (LED) modules, and specialty optical fibers, announced that its Photonics Products unit has been awarded an evergreen contract to supply custom designed, packaged laser diodes for the telecommunications division of a diversified, multi-billion dollar global technology company.

Under the terms of the contract, StockerYale expects annual revenues generated under the contract to begin initially in the six-figure range and increase over time. "This contract award further underscores the turnaround in Photonic Products recorded in the first quarter and validates our market-leading technology," said Mark W. Blodgett, chairman and CEO of StockerYale. "Additionally, in securing a customer of this stature, we once again demonstrate our ability to leverage core technology competencies and apply them to solutions that yields a faster time-to-market and greater efficiencies for the end-customer."

Damon Cookman, managing director of Photonic Products said, "Our laser diodes are integral to the customer's new innovative, next-generation product, for which demand has been very high. The receipt of this award is indicative of our ability to rapidly produce initial prototypes and the capacity to ramp up production to satisfy increasing orders while maintaining consistently high quality."

For more information, visit www.stockeryale.com.

Mon Jun 30 21:58:00 CDT 2008

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