StockerYale Inks Biomed Deal
SALEM, N.H., Jan 7, 2009 -- StockerYale Inc. announced it has signed its largest biomedical contract to date, a multimillion-dollar deal to supply medical device maker Boston Scientific Corp. with optical assemblies for medical applications. Specific financial terms of the contract were not disclosed.
StockerYale makes structured light lasers, LED modules and specialty optical assemblies for industrial OEMs, medical and defense markets. It said the agreement with Boston Scientific underscores its strategy to apply its products and technical expertise to faster-growing markets, such as the medical/bioinstrumentation market.
The deal also comes on the heels of an intense collaboration between the two companies to develop a higher performance line of unique optical assembly products. The resulting assembly has significantly better performance and is more reliable, the companies said. Production will begin this quarter at StockerYale's Salem manufacturing facility.
"...this contract represents an important milestone for StockerYale, reinforcing the capabilities of our specialty optical assembly business, of which we are the one of the last remaining, independent providers. We are currently working on several other projects with Boston Scientific and look forward to a long and mutually beneficial relationship," said Mark W. Blodgett, chairman & CEO of StockerYale.
For more information, visit: www.stockeryale.com or www.bostonscientific.com
- 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.
- 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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