StockerYale Buys Spectrode
SALEM, N.H., Oct. 19, 2007 -- StockerYale Inc., a Salem, N.H., maker of structured light lasers, LED modules and specialty optical fibers for OEMs, announced Thursday it has acquired Spectrode LLC, a developer of pulsed thulium-doped fiber laser technology. Spectrode, of Wilmington, Mass., is a spinoff of Azna LLC, a provider of chirp-managed directly modulated lasers founded in 2002 by optics and laser expert Parviz Tayebati, PhD, and later sold to Finisar in 2007. Tayebati was the founder and CEO of CoreTek until it was acquired by Nortel Networks in March 2000 for $1.4 billion. He will assume a seat on StockerYale’s board subject to approval by its compensation, nominating and governance committee.
Under the terms of the transaction, all of Spectrode’s patents and patents pending will be assigned to StockerYale, including its gain switched fiber laser system. Continued development of the fiber laser will be led by Min Jiang, PhD, on behalf of StockerYale for defense-related applications. Other terms of the acquisition were not disclosed.
“Spectrode’s fiber laser technology will enhance strategic initiatives in both our specialty optical fiber and laser business units,” said Mark W. Blodgett, chairman and CEO of StockerYale. “We are also extremely pleased to welcome Dr. Tayebati to our board,where his technical and scientific expertise will be a valued asset.”
For more information, visit: www.stockeryale.com