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Alluxa - Optical Coatings LB 8/23

Laser Power Sells Contract Research Operation

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SAN DIEGO, Feb. 21 -- Laser Power Corp. has completed the sale of the assets of its contract research operation to Photera Technologies Inc., a newly formed subsidiary of Schwartz Electro-Optics Inc. Laser Power's contract research operation developed projection display and 1550-nm microlaser technologies. Separately, Laser Power also announced that it had received the remaining initial cash payment for the sale of its microlaser unit. Dick Sharman, CEO of Laser Power, said, With the sale of the contract research operation, the restructuring which we announced last quarter is complete. We...Read full article

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    Published: February 2000
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