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Dynasil Buys Line from POC

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WEST BERLIN, N.J., Jan. 22, 2008 -- Photonics company Dynasil Corp. of America announced today that it has acquired the optical filter business of Precision Optics Corp. (POC) Inc. of Gardner, Mass.

The product line being acquired includes the intellectual property, customer base and equipment to produce a variety of high-performance optical filters and will be integrated into Dynasil's subsidiary in Ayer, Mass., Optometrics Corp.

"Once we learned that POC had decided to focus on advanced optical systems for medical visualization, we were a natural steward for this unit since our Optometrics business is in their backyard. We are in an excellent position to provide a smooth transition for customers and employees," said Dynasil Chairman James Saltzman. Optometrics specializes in optical filters and diffraction gratings. Dynasil is based in West Berlin, N.J., and makes optical materials, components, coatings and instruments for applications in the medical, industrial and defense markets.

"The POC line will add long-life filters to our laminated interference filter product set, enabling Optometrics to offer a broader range of filters to the spectroscopy, astronomical, medical and laser markets as well as to adjacent markets that we do not currently serve," Optometrics COO Laura Lunardo said.

In addition to an initial payment of $250,000 in cash, there is a royalty agreement on existing business for three years, Dynasil said.

"This purchase fits our strategy of add-on acquisitions to grow our existing businesses. We plan to fully integrate the additional optical filter business into our Ayer, Mass., location and anticipate incremental revenues of at least $500,000 per year which we expect to be immediately accretive to earnings. The intellectual property and know-how adds a significant capability set to our company," said Dynasil CEO and President Craig T. Dunham.

Today's acquisition announcement follows Dynasil's Dec. 20 statement that it will acquire an unspecificed advanced instrument company, a move that will more than triple the company's size (See Dynasil to Triple Under Deal).

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Jan 2008
optical filter
A device with characteristics of selective transmittance, capable of passing a certain part of the electromagnetic spectrum while being opaque to the other portions. Means of producing filters varies considerably. Color filters (for the visual) usually consist of glass, gelatin or plastic containing dyes or pigments. Band pass filters are found in signal processing and are commonly fabricated via electronics and complex circuitry and are designed to pass and reject parts of the spectrum based...
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...
acquisitionsastronomicalBiophotonicscoatingsCraig Dunhamdefensediffraction gratingsDynasilEmploymentindustrialmedicalmedical visualizationnanoNews & Featuresoptical filteroptical systemsOptometricsphotonicphotonicsPOCprecision opticsspectroscopylasers

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