Old Crystal Looks for New Growth
MORRISTOWN, N.J. -- MORRISTOWN, N.J. -- There is new competition in the alexandrite laser market. Laser Energetics Inc. of Mercerville, N.J., recently bought the alexandrite laser business -- including patents, lasers and materials -- of Allied Signal Inc. of Morristown, developer of the technology. "We believe there’s easily a $30 million annual market in industrial applications," said Robert Battis, Laser Energetics’ president and chief executive officer. Alexandrite isn’t exactly a...