II-VI

Dr. Vincent D. Mattera, Jr., to Retire as CEO of Coherent

Retrieved on: 
Tuesday, February 20, 2024
Letter, Coherent Corp., Coherence, Electronics, Growth, II-VI, Organization, Employment, COHR, Laser, Imagination, Management

PITTSBURGH, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Vincent (“Chuck”) D. Mattera, Jr., has informed the Coherent Board of Directors (“the Board”) of his intent to retire as CEO following the commencement of employment of his successor. Dr. Mattera’s intention to retire does not reflect a dispute or disagreement with the Company. In parallel with today’s announcement, the Company is reaffirming the guidance set forth in that certain Shareholder Letter dated as of February 5, 2024, and furnished on such date as an exhibit to a Current Report on Form 8-K filed on that day.

Key Points: 
  • Dr. Mattera’s intention to retire does not reflect a dispute or disagreement with the Company.
  • A subcommittee of the Board has been formed to oversee the search process.
  • Dr. Mattera, 68, has served with Coherent for 20 years, the last eight of which have been as CEO.
  • He is the Company’s third CEO since its founding in 1971 as II-VI Incorporated.

Coherent Announces the Retirement of Dr. Mark Sobey, President, Lasers Segment

Retrieved on: 
Friday, September 1, 2023
University, Telecommunications, COHR, JDSU, Coherent, Inc., Laser, Coherent Corp., SLS, University of Strathclyde, II-VI, Family, NYSE, Management, Engineering, Cymmer, Physics, Coherence

PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023.

Key Points: 
  • PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023.
  • Dr. Sobey has served as President of Coherent’s Lasers Segment since the closing of the merger between II-VI and Coherent, Inc., in July 2022.
  • Prior to the merger, Dr. Sobey served as Coherent, Inc.’s, Chief Operating Officer from 2020 to 2022.
  • Sobey’s scientific and technical prowess was a great asset to Coherent Corp., and I personally will miss him as a colleague on our Executive Leadership Team.

NUBURU Selected by U.S. Department of Defense for Position on Contract for High Energy Laser Systems

Retrieved on: 
Wednesday, April 5, 2023
Other Manufacturing, Other Defense, Contracts, Engineering, Public Policy, Government, Manufacturing, Machine Tools, Metalworking & Metallurgy, White House, Federal Government, Defense, Workforce, U.S. Department of Defense Strategy for Operating in Cyberspace, IDIQ, Rolls-Royce, Naval Surface Warfare Center Dahlgren Division, HEL, General Atomics, Indefinite, Research, DOD, II-VI, NYSE, 3D printing, Dynetics

The other selected companies include divisions of Rolls-Royce, General Atomics, Dynetics, II-VI, Lockheed Martin, and nLIGHT.

Key Points: 
  • The other selected companies include divisions of Rolls-Royce, General Atomics, Dynetics, II-VI, Lockheed Martin, and nLIGHT.
  • For additional details, please see the U.S. Department of Defense announcement here .
  • NUBURU is based in Centennial, Colorado where it conducts research, development, design and manufacturing of its high-power blue lasers.
  • NUBURU has not included any potential revenue from this new contracting vehicle in the 2023 forecast that it released on March 21, 2023.

Webscale Network Operators Market Review, 2Q22 Report - Revenue Growth Slowing for All Key Webscalers - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 18, 2022
Technology, Networks, Data Management, Security, Fujitsu, Book, Apple, Water, HPE, Technology, IBM, Growth, COVID, GDS, Microsoft, Investment, JV, Ciena, Equinix, D, Software, WNOS, Cisco Systems, Digital Realty, II-VI, AI, SAP, High-pass filter, Wistron, OCP, Social media, Rain, Yoy, Amazon, Intel, Baidu, Ali Baba, WNO, USD, Scalability, Construction, Cognizant, AMD, Video game, Video game console, Life insurance, Renewable energy, Nvidia, Quanta, Alphabet, Facebook, Tencent, Broadcom Inc.

The "Webscale Network Operators: 2Q22 Market Review" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Webscale Network Operators: 2Q22 Market Review" report has been added to ResearchAndMarkets.com's offering.
  • This report reviews the growth and development of the webscale network operator (WNO) market.
  • Topline growth in single quarter revenues has fallen steadily since the 1Q21 peak of 37%, to record just 4% YoY in 2Q22.
  • Technology spending continues to surge, despite slower revenue growth
    Capex and R&D spend are near all-time highs as a % of revenues.

Windstream partners with Coherent, Nokia for industry first in 400 Gig networking

Retrieved on: 
Monday, October 17, 2022
Telecommunications, Software, Networks, Other Communications, Internet, Hardware, Communications, Technology, COHR, ROADM, Windstream Holdings, SR, Photonics, Twitter, Nasdaq, Technology, DBm, II-VI, IP, ICON, Fortune 500, DCI, Map, Â, Solution, Network equipment, Printed circuit board, Mobile phone, Internet service provider, Coherence

This major milestone represents a significant inflection point in high capacity, optical and packet networks.

Key Points: 
  • This major milestone represents a significant inflection point in high capacity, optical and packet networks.
  • Key benefits include:
    A direct technical path for IP-over-DWDM with ROADM-based photonic layers, extending the application space beyond simple point-to-point DCI style networks.
  • This announcement demonstrates Windstreams technology leadership in the evolution of both optical and packet networking, said Art Nichols, chief technology officer for Windstream Enterprise and Wholesale.
  • Its personally exciting to see such compact 400 Gbps pluggable coherent transceiver technology come to fruition on the way to 1 Tbps and beyond.

II-VI Incorporated to Present at the Citi 2022 Global Technology Conference

Retrieved on: 
Friday, September 2, 2022
Investor, II-VI Incorporated, Webcast, Research, II-VI, Company, Online shopping

A replay of the webcast will be available on the Companys website following the conclusion of the event.

Key Points: 
  • A replay of the webcast will be available on the Companys website following the conclusion of the event.
  • II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, industrial, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets.
  • Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide.
  • The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers.

II-VI Incorporated’s Board of Directors Extends CEO Contract with Dr. Chuck Mattera

Retrieved on: 
Tuesday, August 23, 2022
Respect, CEO, Technology, Research, Accountability, Integrity, II-VI Incorporated, IIVI, Culture, Board, Chair, Â, Association, Financial compensation, Laser, GLOBE, II-VI, Leadership, Board of directors, Company, IP, Director, Acquisition, Hotel manager, Professional Football Compensation Committee, Management

On behalf of the Board of Directors, we are thrilled to extend Chucks contract through 2030.

Key Points: 
  • On behalf of the Board of Directors, we are thrilled to extend Chucks contract through 2030.
  • Dr. Matteras long association with II-VI began when he initially served as a member of the II-VI Board of Directors from 2000 to 2002.
  • In 2014, Dr. Mattera became the President and Chief Operating Officer.
  • In 2016, Dr. Mattera became the Companys third President and Chief Executive Officer in 45 years and continued as Chief Executive Officer when the roles of President and CEO were separated in June 2019.

II-VI Incorporated Signs Multi-Year Contract to Supply Infineon with Silicon Carbide Substrates for Power Electronics

Retrieved on: 
Tuesday, August 23, 2022
IFX, Research, Time, IIVI, Ownership, Infineon Technologies, Silicon carbide, FSE, Investment, Semiconductor, GLOBE, II-VI, Company, Silicon, EV, II-VI Incorporated, Growth, Electronics, Efficiency, Printed circuit board, Ceramic

PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- IIVI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed a multi-year contract to supply Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) with 150 mm silicon carbide (SiC) substrates for power electronics.

Key Points: 
  • PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- IIVI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed a multi-year contract to supply Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) with 150 mm silicon carbide (SiC) substrates for power electronics.
  • SiC enables power electronics to be smaller and more efficient, with a lower total system-level cost of ownership than state-of-the-art silicon-based devices.
  • With this contract, Infineon is taking the strategic step to secure its supply of 150 mm SiC substrates.
  • Infineon, as a market leader in power semiconductors, is an important partner for us, said Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies at II-VI.

II-VI Incorporated Closes $100 Million Contract to Supply Tianyu with Silicon Carbide Substrates for Power Electronics

Retrieved on: 
Wednesday, August 17, 2022
Electronics, Carbon, Silicon, GLOBE, II-VI Incorporated, Renewable energy, IIVI, II-VI, Environment, Research, Calendar, EVS, Company, Small Business Saturday, Transport, Silicon carbide, Ownership, Ceramic

The electrification of the transportation infrastructure and industrial equipment is accelerating a market transition to power electronics based on silicon carbide (SiC), a third-generation or wide-bandgap semiconductor.

Key Points: 
  • The electrification of the transportation infrastructure and industrial equipment is accelerating a market transition to power electronics based on silicon carbide (SiC), a third-generation or wide-bandgap semiconductor.
  • SiC enables power electronics to be smaller and more efficient, with a lower total system-level cost of ownership than state-of-the-art silicon-based devices.
  • In November 2021, we were pleased to announce that Tianyu had selected II-VI as its primary strategic partner for the supply of 150 mm SiC substrates for power electronics, said Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies Business Unit.
  • Tianyu is well positioned to serve the power electronics market for EVs in China, today the largest in the world by far.

Global Commercial and Service Industry Machinery Market Report 2022: Focus on Photographic And Photocopying Equipment & Optical Instrument and Lens - ResearchAndMarkets.com

Retrieved on: 
Monday, August 1, 2022
Technology, Photography, Other Manufacturing, Manufacturing, Investment, International Monetary Fund, II-VI, FEI Company, Oxford Instruments, Sony, Sharp Corporation, Organization, South Korean IMF (International Monetary Fund) Agreement,1997, SEM, GDP, Canon Inc., IMF, Lists of countries and territories, Growth, Electron, Berkshire Hathaway, CAMECA, 3D printing, Microscope, Incorporated

The "Commercial And Service Industry Machinery Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Commercial And Service Industry Machinery Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • The commercial and service industry machinery market consists of sales of commercial and service industry machinery by entities (organizations, sole traders, and partnerships) that produce commercial and service industry machinery.
  • The main types of commercial and service industry machinery are other commercial and service industry machinery, photographic and photocopying equipment, and optical instrument and lens.
  • The photographic and photocopying equipment refers to the machinery that involves photocopying machinery and is used by a photographer.