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StockerYale Completes $6.6 Million Financing

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SALEM, N.H., March 3 -- StockerYale Inc. announced it has completed the placement of $6.6 million consisting of $4 million in convertible notes with Laurus Master Fund Ltd., and $2.6 million of common stock with existing and new institutional investors. The company said it used the proceeds to refinance the mortgage on its Salem, N.H., headquarters, which is currently listed for sale with C.B. Richard Ellis. StockerYale makes structured light lasers, LEDs, fiber optic and fluorescent illumination technologies as well as specialty optical fiber and phase masks for use in the machine vision,...Read full article

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    Published: March 2004
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    optical fiber
    Optical fiber is a thin, flexible, transparent strand or filament made of glass or plastic used for transmitting light signals over long distances with minimal loss of signal quality. It serves as a medium for conveying information in the form of light pulses, typically in the realm of telecommunications, networking, and data transmission. The core of an optical fiber is the central region through which light travels. It is surrounded by a cladding layer that has a lower refractive index than...
    aerospaceCommunicationsdefenseindustrialmachine visionNews & Featuresoptical fiberphase masksStockerYaletelecommunicationsLasersLEDs

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