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II-VI to Acquire Photop

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SAXONBURG, Pa., Dec. 29, 2009 – Crystal growth technology company II-VI Inc. announced Monday it will acquire China-based photonics company Photop Technologies Inc. in a cash and stock deal worth approximately $83 million.  II-VI said it will pay $45.6 million in cash and issue 1.15 million shares of its stock, worth approximately $37.2 million, to acquire Photop. The transaction, which has been approved by Photop shareholders and its board as well as the II-VI board, is scheduled to close in January. Saxonburg-based II-VI produces crystalline compounds, including zinc selenide, for infrared laser optics, silicon...Read full article

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    Published: December 2009
    Glossary
    infrared
    Infrared (IR) refers to the region of the electromagnetic spectrum with wavelengths longer than those of visible light, but shorter than those of microwaves. The infrared spectrum spans wavelengths roughly between 700 nanometers (nm) and 1 millimeter (mm). It is divided into three main subcategories: Near-infrared (NIR): Wavelengths from approximately 700 nm to 1.4 micrometers (µm). Near-infrared light is often used in telecommunications, as well as in various imaging and sensing...
    micro-optics
    Micro-optics refers to the design, fabrication, and application of optical components and systems at a microscale level. These components are miniaturized optical elements that manipulate light at a microscopic level, providing functionalities such as focusing, collimating, splitting, and shaping light beams. Micro-optics play a crucial role in various fields, including telecommunications, imaging systems, medical devices, sensors, and consumer electronics. Key points about micro-optics: ...
    nano
    An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
    near-infrared
    The shortest wavelengths of the infrared region, nominally 0.75 to 3 µm.
    optical
    Pertaining to optics and the phenomena of light.
    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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