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StockerYale Transferring to Nasdaq Capital Market

Photonics.com
Apr 2008
StockerYale Inc. of Salem, N.H., announced that it intends to transfer the listing of its common stock from the Nasdaq Global Market to the Nasdaq Capital Market, which has a lower cost and lower listing requirements, by April 18. The company's ticker symbol will remain STKR. StockerYale received notice April 3 from Nasdaq that its stockholders' equity of $9.5 million as of the end of 2007 was below the $10 million minimum requirement for listing on the Nasdaq Global Market and said it decided to transfer its listing instead of trying to regain compliance. The company was also notified at the end of December that its stock price was below the $1 minimum, and has until June to correct that deficiency. StockerYale makes structured light lasers, LED modules and specialty optical fibers for industrial OEMs and the medical and defense markets.



GLOSSARY
light
Electromagnetic radiation detectable by the eye, ranging in wavelength from about 400 to 750 nm. In photonic applications light can be considered to cover the nonvisible portion of the spectrum which includes the ultraviolet and the infrared.
optical fiber
A thin filament of drawn or extruded glass or plastic having a central core and a cladding of lower index material to promote total internal reflection (TIR). It may be used singly to transmit pulsed optical signals (communications fiber) or in bundles to transmit light or images.  
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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