StockerYale Awarded Contract for Custom Lasers

Oct. 15, 2002
Salem, NH, October 15, 2002 -- StockerYale, Inc. has been awarded a contract from BAE SYSTEMS to supply custom-designed thermoelectrically cooled lasers for their Advanced Threat Infrared Countermeasures (ATIRCM) system.

Salem, NH, October 15, 2002 -- StockerYale, Inc. has been awarded a contract from BAE SYSTEMS to supply custom-designed thermoelectrically cooled lasers for their Advanced Threat Infrared Countermeasures (ATIRCM) system.

StockerYale will initially supply several specialized lasers to the Nashua, N.H.-based Information & Electronic Warfare Systems (IEWS) business unit in the fourth quarter of 2002, with the opportunity for long-term deliveries through 2020.

BAE SYSTEMS' ATIRCM is the next-generation countermeasure to protect military aircraft from infrared-guided missiles. The system is currently designated for installation on the U.S. Army AH-64, UH-60, CH-47, EH-60, and various other aircraft.

"We are proud to be chosen as a key partner in this important program to protect our military pilots," said Luc Many, StockerYale's senior vice president of sales and marketing, Illumination Products. "We worked with BAE SYSTEMS for nearly six years to develop a laser that met the program specifications, and are excited about the potential for new business opportunities with them."

Many continued, "This win underlines our strategic objective of positioning the Lasiris brand laser into the military and biomedical markets. Our extensive experience in optics and the ability to customize our lasers to a customer's specific application sets us apart from many of our competitors, allowing us to pursue opportunities within these niche markets."

StockerYale, Inc., headquartered in Salem, NH, is an independent designer and manufacturer of phase masks, specialty optical fiber, and advanced optical sub-components as well as structured light lasers, specialized fiber optic, fluorescent, and LED technologies for use in a wide range of markets and industries including the telecommunications, aeronautical, utilities, machine vision, industrial inspection, and medical markets.

StockerYale serves a widely varied, international customer base from its corporate offices in Salem and reinvests a significant percentage of its revenues in R&D to meet the future requirements of its customers. StockerYale has offices and subsidiaries in the U.S., Canada, Europe, and the Pacific Rim.

For more information, visit www.stockeryale.com .

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