PerkinElmer Buys Stake in Bragg Photonics
BOSTON, Jan. 17 -- PerkinElmer Inc. has taken a 13-percent equity stake with options to increase ownership in Bragg Photonics Inc., a Montreal-based producer of fiber optic components utilizing fiber-grating technology.
Telecommunications is a high priority growth area for us, said Gregory L. Summe, PerkinElmer's chairman and CEO. This is a strategic investment for PerkinElmer, and expands our position as a world-class provider of component products and solutions for the telecommunications industry by capitalizing on our expertise in optical semiconductors, optoelectronic packaging, and high volume manufacturing. Summe added, This equity position in Bragg Photonics gives PerkinElmer direct access to Bragg's fiber-grating technology. This enabling technology will significantly reduce the time-to-market of our high powered transmitters and 980-nm pump lasers.
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