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Fiber Demand Delivers Record Revenue to IPG in Q2

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By Melinda Rose, Senior Editor

OXFORD, Mass., Aug. 1, 2012 — Strong sales of fiber lasers for materials processing applications were the driving factor behind IPG Photonics Corp.'s $37.7 million profit for the second quarter, a 23 percent increase over the same quarter last year, the company reported Tuesday. Revenue increased 13 percent year over year, to a record $138 million. IPG Chairman and CEO Dr. Valentin Gapontsev attributed the company's sales growth to three factors: the continued adoption of fiber lasers over other types of lasers, the increasing number of applications that are using lasers and the strong demand in several key...Read full article

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    Published: August 2012
    Glossary
    cladding
    The low-refractive-index material that surrounds the core of an optical fiber to contain core light while protecting against surface contaminant scattering. In all-glass fibers, the cladding is glass. In plastic-clad silica fibers, the plastic cladding also may serve as the coating.
    scribing
    The process of perforating a silicon or ceramic substrate with a series of tiny holes along which it will break. Nd:YAG or CO2 lasers are now routinely used.
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