| || Coherent, Inc. Announces Optics Outsourcing Arrangement |
16th April, 2008
Coherent, Inc. (Santa Clara, CA)(Nasdaq: COHR), today announced that it has entered into a definitive agreement to sell certain assets of Coherent's Auburn Optics manufacturing operation to Research Electro-Optics, Inc. (Boulder, CO), a privately held optics manufacturing and technology company. Consistent with the asset transaction, Coherent and REO have entered into a strategic supply agreement whereby REO will provide optical manufacturing capabilities for Coherent, including fabrication and coating of optical components. The transition of the optics manufacturing assets from Auburn to Boulder will begin immediately and is expected to be completed no later than the end of the second quarter of fiscal 2009. Coherent will further discuss the transaction during its previously announced second fiscal quarter financial results conference call on April 24, 2008 at 1:30 P.M. P.T. Release link: http://www.coherent.com/
This press release contains forward-looking statements, as defined under the Federal securities laws. These forward-looking statements include the statements in this press release that relate to the timing of the transition of the optics manufacturing assets. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include risks and uncertainties, including but not limited to risks associated with the timely transition of equipment and preparation of REO's facility in Boulder, Colorado, and other risks identified in the Company's SEC filings. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8-K, as applicable and as filed from time-to- time by the Company. Actual results, events and performance may differ materially from those presented herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update these forward- looking statements as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets
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