IPG Photonics
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| Public (NASDAQ: IPGP) | |
| Industry | Photonics |
| Founded | (1990) |
| Headquarters | Oxford, Massachusetts |
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Area served
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Worldwide |
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Key people
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Valentin P. Gapontsev, Ph.D., CEO and Chairman of the Board |
| Products | Lasers |
| Revenue | $769.8 million |
IPG Photonics is a manufacturer of fiber lasers and fiber amplifiers.[1] IPG is headquartered in Oxford, Massachusetts, and operates internationally. IPG Photonics developed and commercialized optical fiber lasers,[2] which are used in a variety of applications including materials processing, medical applications and telecommunications.[1] IPG has manufacturing facilities in the United States, Germany, Russia and Italy.[3]
Corporate history
IPG was founded in 1990 in Russia by physicist Valentin P. Gapontsev, a pioneer in the field of fiber lasers and recipient of various awards.[4][5][6][7][8]
In the beginning, IPG made and sold customized glass and crystal lasers, wireless temperature meters for hyperthermy and laser components. In 1992, the company began focusing exclusively on the development of high-power fiber lasers and amplifiers.
The firm received its first major contract from telecommunications carrier Italtel. IPG then won a second major contract from DaimlerBenz Aerospace (Dornier Branch). The company opened a facility in Germany in 1994.
In 2000, IPG invested in new high-capacity production facilities to manufacture its own diode pumps, a major component of its fiber lasers and amplifiers. As a result, IPG is able to produce most critical components for its lasers and amplifiers.
The company went public at the end of 2006 and is listed on the NASDAQ Global Select Market under the ticker IPGP.
References
- ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Gavin, R. (1 May 2006). "IPG shines as it builds a better laser." The Boston Globe
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