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Schott Invests in VCSELs, Restructures Optovance

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Raising its share to 52 percent, Schott Corp. of Yonkers, N.Y., has acquired majority ownership of university spin-off U.L.M. Photonics GmbH of Ulm, Germany, which has built and developed research, design and manufacturing facilities for vertical-cavity surface-emitting lasers (VCSELs).
Schott also plans to sell, spin-in or close Schott Optovance Inc. of Southbridge, Mass., by the end of the year. The supply of products to its customers will be assured during the restructuring.

Photonics Spectra
Dec 2002
Businessindustriallight speed

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