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Newport Touts Record Sales Amid Acquisitions

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Newport Corp. notched sales and orders records in 2014, with profits reaching $35.1 million. Net sales for the year were $605.2 million, $158.7 million of that coming in the fourth quarter. “Our sales and orders in the fourth quarter of 2014 increased sequentially in each of the key end markets we serve, and we received a number of significant orders for OEM programs, including a $25.7 million order for lasers used in surgical applications,” said Newport CEO Robert J. Phillippy. Fiber laser firm V-Gen Ltd. of Israel, which Newport acquired in September,...Read full article

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    Published: February 2015
    Glossary
    positioning
    Positioning generally refers to the determination or identification of the location or placement of an object, person, or entity in a specific space or relative to a reference point. The term is used in various contexts, and the methods for positioning can vary depending on the application. Key aspects of positioning include: Spatial coordinates: Positioning often involves expressing the location of an object in terms of spatial coordinates. These coordinates may include dimensions such as...
    BiophotonicsBusinessfiber lasersAmericasCaliforniaNewportLasersOpticspositioningRobert PhillippyRobert J. PhillippyRapidScanlight speed

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