Coherent Corp.

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

Retrieved on: 
Tuesday, February 20, 2024

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.

OIF to Take Center Stage at OFC 2024 with Groundbreaking Multi-Vendor Interoperability Demonstrations and Expert Panels

Retrieved on: 
Wednesday, March 6, 2024

This year’s historic interoperability demonstration, the largest ever, not only underscores the progress of OIF member companies in tackling the industry’s most pressing demands but will also unveil multiple industry-firsts.

Key Points: 
  • This year’s historic interoperability demonstration, the largest ever, not only underscores the progress of OIF member companies in tackling the industry’s most pressing demands but will also unveil multiple industry-firsts.
  • Once again, OIF’s work positions the organization at the forefront of driving the industry forward, offering tangible solutions to the most pressing network challenges.
  • “The interoperable solutions being demonstrated in the OIF booth are critical to addressing the escalating needs of next-generation data center networking, artificial intelligence/machine learning (AI/ML) and disaggregation applications,” said Nathan Tracy, OIF President and TE Connectivity.
  • OIF is advancing its pioneering efforts in interoperability with the expansion of its industry-first demonstration of 224G CEI multi-vendor interoperability, the electrical interface for future optical solutions.

Laser Processing Market worth $11.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, March 7, 2024

The Solid lasers play a crucial role in laser processing due to their unique characteristics, reliability, and suitability for various applications.

Key Points: 
  • The Solid lasers play a crucial role in laser processing due to their unique characteristics, reliability, and suitability for various applications.
  • The importance of these lasers in laser processing is evident across different industries where precision, efficiency, and versatility are essential.
  • Laser processing is widely favored in the aerospace industry for its exceptional precision, material versatility, and ability to handle complex geometries.
  • The report profiles key players in laser processing companies such as Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), Jenoptik AG (Germany), and others.

Laser Processing Market worth $11.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, March 7, 2024

The Solid lasers play a crucial role in laser processing due to their unique characteristics, reliability, and suitability for various applications.

Key Points: 
  • The Solid lasers play a crucial role in laser processing due to their unique characteristics, reliability, and suitability for various applications.
  • The importance of these lasers in laser processing is evident across different industries where precision, efficiency, and versatility are essential.
  • Laser processing is widely favored in the aerospace industry for its exceptional precision, material versatility, and ability to handle complex geometries.
  • The report profiles key players in laser processing companies such as Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), Jenoptik AG (Germany), and others.

OIF to Showcase Interoperability at OFC 2024 with Nearly 50 Member Companies Collaborating to Address Unprecedented Demand for Next-Generation Network Solutions

Retrieved on: 
Wednesday, February 7, 2024

OIF , where the optical networking industry’s interoperability work gets done, will be a focal point at OFC 2024 , where a record-setting 47 member companies will showcase the groundbreaking interoperable solutions that are addressing the unprecedented demand for next-generation data center networking, artificial intelligence/machine learning (AI/ML) and disaggregation applications.

Key Points: 
  • OIF , where the optical networking industry’s interoperability work gets done, will be a focal point at OFC 2024 , where a record-setting 47 member companies will showcase the groundbreaking interoperable solutions that are addressing the unprecedented demand for next-generation data center networking, artificial intelligence/machine learning (AI/ML) and disaggregation applications.
  • OIF’s OFC demo this year features nine new participating companies and marks a 38 percent increase in participants compared to the OFC 2023 demo.
  • “OFC 2024 serves as an unparalleled platform for OIF members to spotlight their collaborative efforts in driving the evolution of optical networking solutions,” said Mike Klempa, OIF Physical & Link Layer Interoperability Working Group Chair and Alphawave Semi.
  • For more information about OIF at OFC 2024, please visit: https://www.oiforum.com/meetings-events/oif-ofc-2024/

Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results

Retrieved on: 
Monday, February 5, 2024

PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024.

Key Points: 
  • PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024.
  • These results have been posted as a letter to shareholders on the Investor Relations section of its website.
  • A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on February 6, 2024, at 8:00 a.m.
  • Please visit the Coherent investor relations website at coherent.com/company/investor-relations to view the letter to shareholders, along with accompanying supplemental financial information.

Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing

Retrieved on: 
Thursday, February 1, 2024

PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for precision manufacturing, today introduced the ExactWeld 410 laser welding system for medical device manufacturing.

Key Points: 
  • PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for precision manufacturing, today introduced the ExactWeld 410 laser welding system for medical device manufacturing.
  • Medical devices are increasingly relied on to improve patient quality of life and longevity, driving the rapidly growing demand for high-quality and high-reliability precision welding in medical device manufacturing.
  • The ExactWeld 410 from Coherent is a new system that excels at the most demanding requirements for precision welding of medical devices.
  • Besides precision welding, Coherent offers the medical manufacturing industry a full range of laser systems for cutting and marking with its StarCut Tube , ExactCut , and ExactMark systems.

Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles

Retrieved on: 
Wednesday, January 31, 2024

PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893).

Key Points: 
  • PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893).
  • This funding will accelerate the development of Coherent’s patented chemical immobilization technology for lithium sulfur (Li-S) battery cells to meet next-generation electric vehicle (EV) requirements.
  • Coherent will build demonstration cells that target energy densities exceeding today’s best-in-class EV batteries while retaining more than 80% of their original capacity after 1,000 recharging cycles.
  • As such, sulfur cathodes have the potential to both secure supply chains and support the strong and growing EV market.

Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024

Retrieved on: 
Tuesday, January 30, 2024

Coherent will showcase its broad portfolio of products and technology innovations that are enabling a wide range of applications in industrial, communications, electronics, and instrumentation markets.

Key Points: 
  • Coherent will showcase its broad portfolio of products and technology innovations that are enabling a wide range of applications in industrial, communications, electronics, and instrumentation markets.
  • Coherent thought leaders will present at industry events, workshops, and technical sessions.
  • Coherent will demonstrate arbitrary optical filtering using the newly introduced WaveShaper 4000A/U-Band in combination with a WaveAnalyzer 400A High-Resolution Optical Spectrum Analyzer.
  • With its broad wavelength coverage, the new WaveShaper 4000A/U-Band supports research and development activities in next-generation optical networks.

Coherent Introduces Infrared Wire-Grid Polarizers With Industry-Breakthrough Performance for Atmospheric Remote Sensing

Retrieved on: 
Thursday, January 25, 2024

PITTSBURGH, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in diffractive optics, today announced the introduction of a family of mid-wavelength infrared (MWIR) and long-wavelength infrared (LWIR) wire-grid polarizers (WGPs) with industry-breakthrough performance for laser-based atmospheric remote sensing applications.

Key Points: 
  • PITTSBURGH, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in diffractive optics, today announced the introduction of a family of mid-wavelength infrared (MWIR) and long-wavelength infrared (LWIR) wire-grid polarizers (WGPs) with industry-breakthrough performance for laser-based atmospheric remote sensing applications.
  • Laser-based metrology such as for greenhouse gas monitoring is driving the demand for high-performance optics to improve measurement sensitivity.
  • The MWIR polarizers are available now, and the LWIR polarizers will be generally available in the third quarter of calendar 2024.
  • Coherent will showcase its broad range of products and innovations for sensing at Photonics West 2024 in San Francisco, Jan. 30 to Feb. 1, Booth #4805.