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Ask now .17. Last .16. Vol 2 x avg. Was at .086 2 weeks ago. Looks ready.
ProPhotonix Limited Announces Admission to London Stock Exchange's AIM Market and First Day of Trading
Date : 12/23/2010 @ 7:00AM
Source : GlobeNewswire Inc.
Stock : ProPhotonix Limited (STKR)
Quote : 0.14 0.0 (0.00%) @ 8:05AM
ProPhotonix Limited Announces Admission to London Stock Exchange's AIM Market and First Day of Trading
Prophotonix Limited (USOTC:STKR)
Intraday Stock Chart
Today : Thursday 23 December 2010
ProPhotonix Limited ("ProPhotonix" or "the Company"), (LSE:PPIX) (Pink Sheets:STKR) a designer and manufacturer of LED light engines and laser diodes modules with operations in Ireland and the U.K, today announces its admission to the AIM market of the London Stock Exchange. Libertas Capital Corporate Finance Limited is the Nominated Adviser & Broker to the Company. The Company's shares are expected to commence trading under the symbol PPIX at 8.00 am (GMT) on December 23, 2010.
Mark W. Blodgett, Chairman & CEO, commented,"We are delighted with our admission on AIM. As an Irish and UK-based growth business, the AIM market represents a logical platform for us to build our business. Our goal is to build on our base businesses in the machine vision and medical markets and we have a strategy to move into specific segments in the large and growing architectural, commercial and industrial light fixture markets."
ABOUT PROPHOTONIX LIMITED:
ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs. In addition, the Company distributes premium diodes for Opnext, Sanyo & Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defence, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about ProPhotonix and their innovative products, visit the Company's web site at www.prophotonix.com
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to ProPhotonix's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow ProPhotonix to meet all of its business goals; uncertainty that ProPhotonix's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and ProPhotonix's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. ProPhotonix undertakes no duty to update any of these forward-looking statements.
CONTACT: ProPhotonix Limited
Investor Relations Contact:
Mark W. Blodgett, CEO
+1 (603) 893-8778
IRInfo@ProPhotonix.com
Hansard Communications
Kirsty Corcoran
John Bick
+44 (0) 20 7245 1100
ProPhotonix@hansardcomms.com
recent news
Photonic Products Ltd, a subsidiary of ProPhotonix, an optoelectronics device manufacturer and laser diode specialist, today announces the appointment of Jim Brown as Sales Manager for the US East Coast.
Jim brings more than twenty-five years industry experience to the Company and most recently spent seven years in a senior sales position for Opnext Inc., a major laser diode manufacturer. At Opnext, his primary focus was to develop business for the US industrial laser diode market. His considerable experience and proven success will help Photonic Products continue to gain market share in the rapidly expanding laser diode market and strengthen its reputation as an industry leader. Jim will focus on increasing the Photonic Products customer base for both distributed laser diodes and laser modules in the United States.
David McGuinness, Director of Sales, said: "Bringing someone of Jim's stature and experience to the Company will add significant strength to our existing US sales team as we continue to grow our business. His ability to successfully develop and penetrate new markets was evident during his time at Opnext, and his knowledge of the sector and customer facing expertise will be of great benefit to the business, both in maintaining our growth and serving our existing client base."
Commenting on his new appointment, Jim Brown stated: "I'm very pleased to be offered this new opportunity and look forward to working with Photonic Products Ltd. in enhancing the Company's existing role in the Photonics industry. PPL has always provided a value-added benefit to its customers and I plan to continue and enhance this very important asset."
About Photonic Products Ltd
Photonic Products was established in 1995 and is a ProPhotonix company. It is an ISO9001:2000 certified manufacturer of electro-optical sub-assemblies and innovative optoelectronic components based on semiconductor laser diode technology. Photonic Products also distributes high performance laser diodes, LEDs and precision optical lenses to the industrial, medical, scientific and defence markets. Photonics Products has twice been honoured with a Queen's Award for International Enterprise. www.photonic-products.com.
About ProPhotonix Limited
ProPhotonix Limited, headquartered in New Hampshire, USA, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs. In addition, the Company distributes premium diodes for Opnext, Sanyo & Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defence, sensors and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. www.prophotonix.com.
From their 1st qtr financial results:
Outlook
"During the first quarter, the Company continued to experience a substantial increase in order bookings across all product lines" stated Mark W. Blodgett, Chairman and CEO. "First quarter orders increased 106% over the prior year and increased 22% sequentially over the fourth quarter of 2009. Backlog was $7.2 million, an increase of 92% over the prior period and 21% sequentially. Based on current backlog and continued improvement in order bookings, management expects 2010 revenues to increase 40 to 50% to approximately $15 million versus 2009 revenue of $10.4 million. Despite the challenging environment in 2009, our two operation units, StockerYale (IRE) Ltd and Photonic Products Ltd, were EBITDA positive. For the first quarter 2010, the combined operating unit EBITDA -- excluding the onetime charge -- was $290,000 continuing the trend of improved performance from the operations. With higher sales volumes and improved overhead absorption we expect continued improvement in both gross margins and EBITDA performance over the course of the year," added Blodgett.
http://finance.yahoo.com/news/StockerYale-Reports-2010-pz-363524982.html?x=0&.v=1
Breaking out- anyone have information?
stevets,you had some interesting posts on STKR,In doing a bit of research on them they seem to have found bottom,trimmed some serious costs and have some interesting products and deals coming up.Watching thier competitors it appears that all are heading back to 2007,08 #'s,and that would be in the $1.50 range.If anyone has input I would like to hear.I'm sure most have lost ground as the rest have, but now up,,, seems the logical way.
Volume is coming in at the ask today. Looking pretty good coming off of that pinch.
Here's a link to the recent filings.
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=stkr&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
I like the recent filings.
15-12G makes it ripe for a R/M play. Share structure seems pretty low as well.
Based on my math I've got it at 28.39m shares in the float.
I'll verify that with the transfer agent in the morning.
Yes sorry i stand corrected,i did see that on another board.I did own it not to long ago.
Actually, going to the NASD's OTC Bulletin Board:
http://www.otcbb.com/asp/Info_Center.asp
Not yet on the Pink Sheets.
So, nice little pop on Friday, but no continuation today--last trade at 9 cents.
This STinKeR is still way overpriced. Shareholders' equity, which is overstated to start with, is less than $1, so that means the stock is worth less than $1 million/44 million shares, or 2 cents a share maximum. LOL
I hate to mention this recent article lest anyone might think it could make one iota difference with this company. At one time there was a supposed relationship with BAE Systems. That would be a long story, and who really knows. Something about the aiming lasers or what not.
American Airlines Testing Anti-Missile Technology
American Airlines Testing Anti-Missile Technology
Reporting
Joe Shortsleeve
BOSTON (WBZ) ― You can almost touch the planes as they roar over Point Shirley in Winthrop on their way to Logan Airport. The passengers were checked for explosives before they got on, however, a growing concern is what could happen away from the airport: Terrorist firing a shoulder launched-missile just outside the airport's property. The light weight weapons are becoming and more available on the black market, as many as 150,000 are believed to be in circulation and can easily bring down a plane.
But now American Airlines is flying with new defensive technology on some of its New York to Los Angeles flights.
Developed in New Hampshire by defense contractor, BAE Systems, the cross country passenger jets are now equipped with a laser deterrent system mounted on the plane's belly. It can identify and misdirect an incoming missile. It's being tested for Homeland Security.
Laurie Nuzzo is the Program manager for BAE Systems in Nashua New Hampshire where technology was developed. "Over several years we have been testing and validating the system. So now it is really great to see us now at this point on an in service passenger aircraft."
American Airlines is not using the technology on any Boston-based flights. At $1 million per plane, the missile defense system is expensive. Nonetheless passenger we spoke to like the idea.
"No one is going to catch you by surprise now, maybe it will save lives," said one traveler.
BAE Systems is one of two defense contractors hoping to win a government contract. Congress will decide the future of this technology before next summer.
Experts say as many as 27 different terrorists organizations have the shoulder missile weapons. They sell for as little as $10,000.
http://wbztv.com/local/airplane.safety.boston.2.772779.html
StockerYale, Inc. Appoints Stephen L. Abbey to Head Specialty Optical Fiber Business Unit
Wednesday June 4, 8:13 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today announced the appointment of Stephen L. Abbey as Managing Director of its Specialty Optical Fiber (“SOF”) business unit. The appointment, effective June 8, 2008, reflects StockerYale’s commitment to supporting the rapid development of SOF initiatives for key medical, industrial and defense verticals. Mr. Abbey will report directly to StockerYale’s Chief Operating Officer, Tim Losik.
“With over 34 years of sales and marketing experience, including 10 years at JDS Uniphase Corporation’s specialty fiber business unit and SDL, Inc.’s specialty fiber group, Steve is uniquely equipped to lead the SOF business to capitalize on key opportunities and accelerate growth,” stated Mark W. Blodgett, Chairman and CEO. “His strong management experience in technology, sales and marketing will be central to the unit’s ability to leverage its position as the sole remaining independent specialty optical fiber manufacturer. I am pleased to welcome such a highly seasoned and accomplished executive and believe his contributions will greatly assist StockerYale in achieving its long term growth goals.”
Mr. Abbey was most recently Principal of Hickory Associates, an executive management consulting and coaching firm, where he developed and implemented processes to achieve business objectives for companies across disparate industries. Prior to this, he was a Director and General Manager of JDS Uniphase Corporation’s Specialty Fiber unit from 2001 through 2003. Mr. Abbey was Director of SDL, Inc.’s Specialty Fiber Group, a manufacturer of active optical components and integrated modules, from 1999 to 2001 when it was acquired by JDS Uniphase Corporation. From 1998 to 1999, Mr. Abbey was Vice President and General Manager at Polaroid Corporation’s fiber laser business. Mr. Abbey holds a Bachelors of Science degree in Interdisciplinary Engineering and Management from Clarkson University.
“Given StockerYale’s substantial investment in the fiber business, coupled with the assembly of a world class team of engineers and technicians, I am confident that we can significantly increase the growth of the specialty optical fiber business unit,” said Steve Abbey, Managing Director.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Risk Factors" in StockerYale's annual report on Form 10-KSB and the Company’s quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Contact:
The Piacente Group, Inc.
Sanjay M. Hurry, 212-481-2050
(Investor Relations Counsel, StockerYale)
Virtek Vision International Inc.
Friday , May 16, 2008 08:59ET
WATERLOO, ON, May 16, 2008 (Canada NewsWire via COMTEX) -- Virtek Vision International Inc. (TSX: VRK) ("Virtek") announced today that it received an unsigned, unsolicited letter from StockerYale, Inc. ("StockerYale") pursuant to which StockerYale expressed an interest in pursuing the possible acquisition of Virtek. StockerYale is a NASDAQ Capital Markets listed company with a market capitalization of approximately $19.1 million USD.
StockerYale indicated that it would expect that the aggregate consideration to be paid for Virtek would be approximately $22 million, or $0.65 per share, payable in cash and common stock of StockerYale. StockerYale indicated that the common stock portion of the consideration would be equal to 19.9% of the total number of issued and outstanding shares of StockerYale common stock.
The StockerYale letter sets out a number of conditions to any transaction including, without limitation, satisfaction with the due diligence of Virtek, board approval, confirmation of funding, no material adverse change in Virtek's business or prospects, obtaining the requisite regulatory, shareholder and other approvals and the execution and delivery of definitive agreements.
To date, there have been no negotiations between Virtek and StockerYale, Virtek has not conducted any due diligence review of StockerYale, Virtek has not provided StockerYale with any confidential information related to Virtek and confidentiality agreements have not been entered into.
The Board of Directors of Virtek intends to meet next week, to discuss the letter and to decide what action it will take, if any, in response to the letter.
About Virtek
Virtek Vision International Inc. is a leading developer and provider of high-value industrial laser solutions, providing marking and engraving products, templating, and inspection products, to customers around the world. Virtek is a full-service provider, offering research and development, manufacturing, training, after-sales support, and installation for customers in the prefabricated construction, transportation, metalworking, tool and die, and mold-making industries worldwide. Based in Waterloo, Ontario, Canada, Virtek also has offices in Boston, Massachusetts, United States; Lüdenscheid and Nurnberg, Germany; and Busto Arsizio, Italy. Please visit www.virtek.ca for more information.
http://www.knobias.com/individual/public/quote.htm?ticker=stkr
and here it is: StockerYale Q1 Net Loss Widens On Higher Expenses; Guides Q2
(RTTNews) - Thursday, StockerYale, Inc. (STKR) announced its first quarter financial results, reporting a wider net loss hurt by an increase in expenses. The company also issued financial guidance for the second quarter.
The Salem, New Hampshire-based StockerYale reported a net loss for the first quarter of $2.2 million or $0.06 per share compared to $1.6 million or $0.05 per share in the year-ago quarter.
Net sales for the quarter were $8.1 million, up 8% from $7.5 million in the prior-year quarter.
Photonic Products sales increased 19% year-over-year and 13% quarter-over-quarter while lasers in total grew 6% over the first quarter of 2007 and 4% over the fourth quarter of 2007.
Gross profit for the quarter decreased 4% to $2.5 million from $2.6 million in the first quarter of 2007. Gross profit margin, expressed as percentage of sales, declined to 31% from 34% in the same quarter last year.
Operating expenses totaled $4.0 million, up 12% from $3.6 million in the first quarter of 2007. Other expenses, which include primarily non-cash debt discount and financing costs, decreased by $9 thousand or 2%.
Operating loss for the first quarter was $1.5 million compared to $1.0 million for the first quarter of 2007.
Net loss including discontinued operations was $2.2 million or $0.06 per share compared to $1.6 million or $0.05 per share for the first quarter of 2007.
Based on strong order bookings and backlog, StockerYale expects second quarter 2008 revenue to be in the range of $8.1 to $8.5 million.
STKR closed Thursday's regular trading session at $0.61 on a volume of 4.28K shares on the Nasdaq.
I am waiting to see the net loss #s, conspicuously absent from the press release.
Definitely, think I might pick myself up a starter today! :)
StockerYale Announces Preliminary First Quarter 2008 Financial Results
Wednesday April 2, 7:00 am ET
Company To Report First Quarter 2008 Results on Thursday, April 24, 2008
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today announced preliminary results for its first quarter ended March 31, 2008.
Preliminary Results for the First Quarter ended March 31, 2008:
* Record net sales expected to be between $8.1 million and $8.2 million, exceeding guidance of $7.6 million to $8.0 million
* Record new order bookings of approximately $9 million
* Record net sales from Photonic Products unit of approximately $3 million
“Our better-than-expected performance was driven by strength in our laser module businesses and operational improvements initiated in prior quarters,” stated Mark W. Blodgett, Chairman and Chief Executive Officer. “We are pleased with the growth and momentum we are seeing as we execute on our medical strategy announced early in the first quarter. Additionally, growth in our core industrial OEM business, highlighted in particular by a key milestone achieved in the turnaround in our Photonics Products unit, is being driven by strong overseas sales, new product traction, and improved operating efficiency. We view this performance as an excellent first step in what is expected to be a year of continued operational execution and improved financial performance for StockerYale.”
Mr. Blodgett will also present at the 9th Annual B. Riley & Co. Las Vegas Investor Conference today at 11:00 a.m. PDT. A live and archived audio webcast of the presentation will be available at http://www.wsw.com/webcast/brileyco9/stkr/ and on the StockerYale, Inc. website at http://www.stockeryale.com under Events. The webcast archive will be available for 90 days.
StockerYale also announced that its financial statements for the fiscal year ended December 31, 2007, included in the Company's Annual Report on Form 10-K filed on March 31, 2008, contain a going concern qualification to the audit opinion from its independent registered public accounting firm, Vitale, Caturano & Company, Ltd. This announcement is being made in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's 2007 financial statements or to its Annual Report on Form 10-K.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Contact:
For StockerYale, Inc.
The Piacente Group
Sanjay M. Hurry, 212-481-2050
(Investor Relations Counsel, StockerYale)
sanjay@tpg-ir.com
Source: StockerYale, Inc.
Hmmmm.... Looks interesting here~
Director buys shares at .50
link below
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5796475&Type=HTML
Expected next earnings release:
Announcement date: 2/14/2008 - After Market
Earnings Quarter: Q4
Monday , January 14, 2008 13:35ET
This is the 2nd VOLUME alert for STKR in the past 7 calendar days.
Trading for StockerYale, Inc. (NASDAQ NM: STKR) has been heavier than usual in today's session. By 13:35 ET, the stock had already traded 243,598 shares via 88 trades. The cumulative volume is 264.97% above its 20-day average of 66,744. Normally the stock experiences around 61 individual trades per session.
So far, today's volume surge has caused a net decline in STKR's stock price. At the time of this alert, the stock was trading at $0.602, down $-0.108 (-15.21%).
One year ago, the Company's shares closed at $1.610. The price has declined more than 62 percent since then.
Over the last 10 trading session STKR has traded in a range between $0.660 and $1.000 and is currently trading 68.32% below its 52-week high of $1.900 set on February 23,2007 and 8.79% below its 52-week low of $0.660 from January 11,2008.
In the previous 3 sessions, STKR trading has displayed a negative trend. Closing results have been as follows:
January 11, 2008 --- closed at $0.710 down $0.020 (-2.73%) on 147,000 shares
January 10, 2008 --- closed at $0.730 down $0.030 (-3.97%) on 40,300 shares
January 09, 2008 --- closed at $0.760 down $0.004 (-0.50%) on 43,180 shares
The Company last released news on January 09, 2008:
"StockerYale, Inc. Announces Medical Market Focus and Business Development Strategy for 2008"
STOCKERYALE, INC.
The Company is a developer of advanced illumination products, specialty optical fiber and diffractive optics. It also distributes laser diodes through its Photonic Products subsidiary.
http://www.knobias.com/story.htm?eid=3.1.1a44a638466e273937056ee09b4de18294749b2ad99d571493cf743da2266446
StockerYale, Inc. Announces Medical Market Focus and Business Development Strategy for 2008
Wednesday January 9, 7:00 am ET
- Sales to Medical to Grow to Approximately 20% of Total Sales for 2008 -
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced that it will place an increased emphasis on medical market business development in 2008 that will leverage its investments in medical product research and development.
ADVERTISEMENT
Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale, stated, “StockerYale’s key objective in 2008 is to substantially expand sales to the medical instrumentation markets across all three of our product lines – lasers and specialized optics for the bioinstrumentation market, specialty optical fiber (SOF) for the medical laser market, and LED systems for dermatology and dental equipment, to name a few. Sales to the medical vertical increased from less than 5 percent of StockerYale’s total revenues in 2006 to approximately 12 percent in 2007, and we expect that they will represent approximately 20 percent of 2008 revenues given our existing customer relationships and multiple sales initiatives under way.
“Demand for bioinstruments is growing rapidly as the instrumentation evolves from the laboratory to higher performance, lower cost commercial clinical applications,” Blodgett continued. “The size of our addressable market for bioinstrumentation lasers and optics alone is estimated to be approximately $100 million, and revenue streams in the biomedical, dermatology and dental markets tend to be highly repeatable once a product has been designed-in. Increasing our percentage of sales to these markets will be a key factor in driving the operating leverage in our financial model. There is a large market opportunity for StockerYale in these markets and we believe we are well positioned with both our technology and products to be key provider.”
Medical Market and Applications
For laser modules used in bioinstruments, the evolution to commercial clinical applications is driven by the transition from bulky, power-consuming, difficult-to-operate gas lasers to semiconductor diode lasers that are robust, small and require little energy to operate. Utilizing a patent-pending process that efficiently transforms the laser beam into a variety of shapes and distributions, StockerYale has developed a “plug and play” laser module solution that is easy to integrate into end-user systems and will increase system performance in terms of both accuracy and throughput. The company’s innovative Lasiris™ PureBeam fiber-coupled lasers and patent pending Flat-Top² Generator laser beam shaping modules are enabling it to break into new markets such as spectroscopy, fluorescence, confocal microscopy, and DNA sequencing, which require laser sources with extremely high output power stabilities.
StockerYale’s specialty optical fiber division is entering the medical market with fiber-based laser delivery assemblies in partnership with one of the world’s leading medical equipment companies. Lasers, which are used as surgical tools for ablation, cutting and coagulation of tissue as well as a variety of minimally invasive procedures, use fiber assemblies to deliver the high power laser light from the laser to the patient.
In LED systems for the medical market, StockerYale holds unique advantages with core competencies in both chip-on-board-based LED technology and customized optics. Its advanced custom LED solutions and strong optical modeling and design skills overcome the various difficulties inherent in the engineering of LED illumination, enabling the company to develop extremely compact, high-brightness LED illumination systems for unique dental and medical applications that previously could not be realized with standard technology.
Medical Customers and Products
StockerYale’s Lasiris™ PureBeam and Flat-Top² Generator laser beam are currently in trials with most of the major manufacturers of bioinstrumentation systems. The company also has several existing medical customers including Erchonia Medical Instruments, a leader in low power laser therapy for dermatology and pain management treatments, for its laser modules.
Having completed significant development efforts in 2007, the company’s specialty optical fiber division expects to commence shipments of its first fiber-based laser delivery assemblies for minimally invasive surgery in the first quarter of 2008.
Twenty of StockerYale’s LED system modules will be used in point of care treatment systems under development to be used as a photo-initiator for a pharmaceutical product and will be involved in clinical trials in the spring of 2008. Each module incorporates more than 100 each of two types of LEDs with custom wavelengths. Each module also incorporates optical design features, thermal management expertise and an integrated control circuit. The company also expects to significantly ramp up production of its custom-engineered LED modules for the dental market for a Fortune 100 company in 2008.
Concluded Blodgett, “We enter 2008 on the cusp of delivering on our medical vertical strategy to further penetrate a fast-growing and significant market opportunity. Coupled with the recent appointment of a new chief operating officer and chief financial officer tasked to improve operational performance across the entire organization and underpinned by market-leading technologies, we have in place the requirements for a successful 2008 and beyond.”
Investor note:
Mark Blodgett, Chairman and CEO, will present at the Tenth Annual Needham Growth Stock Conference in New York City on January 11th at 11:00am ET. As part of his presentation, Mr. Blodgett will also provide an overview of the company’s medical instrumentation strategy. A live and archived webcast of the presentation can be found here: http://stockeryale.com/investor/events.htm
Mr. Blodgett will also meet with institutional investors at the Conference. To schedule a 1:1 meeting, please contact Investor Relations Counsel. Contact details are located at the bottom of this press release.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company's quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Contact:
The Piacente Group
Sanjay M. Hurry, 212-481-2050
sanjay@tpg-ir.com
STKR
The cost of that loan is more than 10.5% since they also gave 300,000 shares of FREE TRADING STOCK at .01!
STKR borrows another million dollars @ 10.5%
http://biz.yahoo.com/e/080104/stkr8-k.html
In accordance with Nasdaq Marketplace Rule 4450(e)(2), the Company will be provided 180 calendar days, or until June 25, 2008, to regain compliance with the Minimum Bid Price Rule.
Also, they can get another 180 day extension if that is not enough time. And if they trade above $1 for any consequitive 10 day period, they regain complaince again.
No, they are not going to be delisted.
.............now what!?Buy,sell or hold?
STKR gets delisting notice
http://biz.yahoo.com/bw/071231/20071231005244.html?.v=1
Stockeryale to Present at the 10th Annual Needham Growth Conference on January 11th
Monday December 10, 7:00 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (Nasdaq: STKR - News) a leading provider of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, will present at the 10th Annual Needham Growth Conference being held January 8 - 11, 2008 at the New York Palace Hotel in New York City.
StockerYale Chairman and Chief Executive Officer Mark W. Blodgett will present at 11:00 a.m. ET on Friday, January 11th and host a 30-minute breakout session at 11:30 a.m. A live and archived audio webcast of the presentation will be available on the StockerYale website at www.stockeryale.com under Investor Relations: Events. The webcast archive will be available for 90 days.
http://biz.yahoo.com/bw/071210/20071210005240.html?.v=1
glad to finally hear a reason for the automatic stock sales (paying tax on Restricted Shares issued to him). Looks a lot less like shaking the piggy bank. You think they might have had a mention of that in previous Q reports.
I like it...Blodgett suspends his automatic stock sales
Form 8-K for STOCKERYALE INC
16-Nov-2007
Other Events
Item 8.01 Other Events
On November 14, 2007, Mark W. Blodgett, the President, Chief Executive Officer and Chairman of the Board of StockerYale, Inc. (the "Company") suspended his Rule 10b5-1 Sales Plan. Mr. Blodgett established the Sales Plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 in April 2006 to sell a portion of the Company's common stock that he currently beneficially owns. The proceeds from these sales were used to pay income tax owed on restricted stock that was granted by the Company to Mr. Blodgett in July 2006 and July 2007. Mr. Blodgett, in accordance with the Company's policies, may in the future reinstate his current Rule 10b5-1 Sales Plan or adopt a new Rule 10b5-1 plan.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
StockerYale, Inc. Date: November 16, 2007
By: /s/ Marianne Molleur Marianne Molleur Senior Vice President and Chief Financial Officer
This is the 2nd VOLUME alert for STKR in the past 7 calendar days.
Trading for StockerYale, Inc. (NASDAQ NM: STKR) has been heavier than usual in today's session. By 15:20 ET, the stock had already traded 89,100 shares via 53 trades. The cumulative volume is 66.96% above its 20-day average of 53,366. Normally the stock experiences around 66 individual trades per session.
So far, today's volume surge has caused a net decline in STKR's stock price. At the time of this alert, the stock was trading at $1.000, down $-0.050 (-4.76%).
One year ago, the Company's shares closed at $1.070. The price has declined more than 6 percent since then.
Over the last 10 trading session STKR has traded in a range between $1.000 and $1.220 and is currently trading 47.37% below its 52-week high of $1.900 set on February 23,2007 and 6.38% above its 52-week low of $0.940 from November 28,2006.
In the previous 3 sessions, STKR trading has displayed a mixed trend. Closing results have been as follows:
November 13, 2007 --- closed at $1.050 down $0.030 (-2.78%) on 85,620 shares
November 12, 2007 --- closed at $1.080 even for the day on 51,880 shares
November 09, 2007 --- closed at $1.080 down $0.020 (-1.82%) on 47,420 shares
The Company last released news on November 02, 2007:
"StockerYale Inc. Introduces the New Lasiris(TM) Hi-Pointing Stability Laser and COBRA 2 Linescan LED Illuminator at Vision 2007"
STOCKERYALE, INC.
The Company is a developer of advanced illumination products, specialty optical fiber and diffractive optics. It also distributes laser diodes through its Photonic Products subsidiary.
Form 8-K for STOCKERYALE INC
2-Nov-2007
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On October 29, 2007, the Board of Directors of StockerYale, Inc. (the "Company"), following a recommendation of the Governance, Nominating and Compensation Committee of the Board (the "GNC Committee"), elected Parviz Tayebati to the Board of Directors. The Board of Directors of the Company expects to appoint Mr. Tayebati to the GNC Committee.
In accordance with the Company's Policy Regarding Compensation of Independent Directors, on November 5, 2007, the Company will grant to Mr. Tayebati an aggregate number of shares of common stock of the Company having an aggregate market value of $16,931.51, based upon the closing price per share of the common stock as reported on the Nasdaq Global Market on the date of grant. The shares of common stock shall be restricted, and the restrictions lapse as to 25% of the shares per annum on each of the first, second, third and fourth anniversaries of the date of grant. Restrictions lapse as to 100% of the shares upon the Company achieving positive cash flow from operations for two consecutive fiscal years.
On October 18, 2007, the Company acquired substantially all of the assets of Spectrode LLC ("Spectrode") for an aggregate purchase price of $375,000, consisting of $100,000 in cash and a number of unregistered shares of the Company's common stock with a total fair market value of $275,000. The Company issued 214,174 shares of common stock (the "Shares") to Spectrode in connection with the acquisition, which number of Shares was calculated based on the average closing price per share of the Company's common stock on the Nasdaq Global Market for the 10 trading day period ending on the trading day prior to the closing of the acquisition. In addition, the Company is required to pay to Spectrode a continuing royalty payment equal to 1% of sales revenue for lasers sold by the Company or any third party at any time after the closing using technology covered by a certain patent application of Spectrode. The obligation of the Company to make these royalty payments terminates (i) if one ore more U.S. or other patents are issued with respect to the technology, then upon the expiration of the last such patent to expire, or (ii) if no U.S. or other patents are issued with respect to the technology, then upon the twentieth anniversary of the closing of the acquisition.
Mr. Tayebati is the Sole Manager of Spectrode and currently owns 100% of the equity interests of Spectrode. The approximate dollar value of the amount of Mr. Tayebati's interest in the sale of the Spectrode assets is $230,650, which includes the value of 134,075 of the Shares, which Shares Spectrode intends to distribute to Mr. Tayebati in November 2007. In addition, Mr. Tayebati is entitled to 60% of the royalty payment the Company is obligated to pay to Spectrode.
The Asset Purchase Agreement relating to the acquisition of the Spectrode assets by the Company provided that following the closing of the acquisition Mr. Tayebati would be elected to the Board of Directors of the Company, subject to the approval of the GNC Committee and the Board of Directors.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
StockerYale, Inc. Date: November 2, 2007
By: /s/ Marianne Molleur Marianne Molleur Senior Vice President and Chief Financial Officer
StockerYale Announces Third Quarter 2007 Financial Results
Tuesday October 23, 4:01 pm ET
Company Delivers Quarterly Revenue Increase of 75% Year-Over-Year and Positive Quarterly EBITDA
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced its financial results for the third quarter ended September 30, 2007. The results include Photonic Products Ltd from the Company’s acquisition date of October 31, 2006.
Third Quarter 2007 Financial and Business Highlights
* Revenues increased to a record $7.9 million, up 75% over the third quarter of 2006.
* Gross profit was a record $2.7 million, an increase of 70% year-over-year and 16% quarter-over-quarter.
* Specialty optical fiber and LED sales increased 96% and 43% over third quarter 2006, respectively.
* EBITDA totaled $144,000 compared to $(86,000) for the third quarter of 2006 and $(402,000) for the second quarter 2007.
* The Specialty Optical Fiber (SOF) division and Photonic Products subsidiary each received the largest single contracts in their history.
* The Company entered into a distribution agreement with Newport Corporation for StockerYale's line of specialty optical fiber products.
* The Company was awarded a significant specialty optical fiber contract from Northrop Grumman Newport News for the U.S. Navy's Virginia class submarine fleet.
* Key appointments were made in strategic areas of the business to support the Company’s growth prospects and technological leadership.
Chairman and Chief Executive Officer Mark W. Blodgett stated, “We are pleased that our investments and the reengineering of our sales efforts are paying off with increased organic revenue growth and major contract awards during the third quarter. We continue to see solid market acceptance of our LED, SOF and new Lasiris™ laser products, and order bookings have regained the momentum achieved earlier in the year. We’re making a strong push into the biomedical and medical equipment markets through each of our business lines, with a particularly large market opportunity for SOF in the medical equipment space. We had a breakout quarter for our Specialty Optical Fiber business and we have expanded our customer base through important vertical channels and key customer relationships. Our recent acquisition of Spectrode, LLC will enhance our strategic initiatives in both our specialty optical fiber and laser business units.
“While quarterly Photonic Products revenues increased 22% over the second quarter of 2007, margins from this division were weaker than anticipated,” Blodgett continued. “We have initiated a lean manufacturing initiative and are looking for additional operational efficiencies that will improve performance in this division. However, fourth quarter improvement will not be enough to offset our year-to-date EBITDA losses from Photonic Products and the falling U.S. dollar. We expect total revenues for 2007 to be approximately $30 million and full year 2007 gross margin to be 33% to 34%.”
Third Quarter 2007 Financial Results
Net sales totaled a record $7.9 million for the third quarter of 2007, a 75% increase over $4.5 million for the third quarter of 2006, and a 14% increase compared with $7.0 million for the second quarter of 2007. Photonic Products revenue was 33% of total revenue for the third quarter of 2007. LED revenues increased 43% year-over-year, but was approximately flat quarter-over-quarter, and laser and associated diode revenue increased 105% year-over-year and increased 13% quarter-over-quarter due to higher Photonic Products sales. Specialty optical fiber revenues increased 96% year-over-year and 56% quarter-over-quarter.
Bookings for the third quarter of 2007 were $8.3 million and backlog was $10.5 million at September 30, 2007.
Gross profit was $2.7 million in the third quarter of 2007, an increase of 70% over $1.6 million for the third quarter of 2006, and an increase of 16% from $2.3 million for the second quarter of 2007. Gross margin was flat to the third quarter of 2006 at 34% and showed a modest improvement compared to 33% for the second quarter of 2007. The gross margin increase from the year-ago period reflects shipments of specialty optical fiber products to Northrop Grumman, offset by the lower margin results from Photonic Products’ mix of distributed and manufactured products. The quarter-over-quarter increase in gross margin is also attributable to higher revenue from specialty optical fiber, partially offset by Photonic Products’ lower margin product mix.
Operating expenses increased 52% year-over-year to $3.5 million for the third quarter of 2007 and were approximately $97,000 lower than the second quarter of 2007, of which $56,000 was non-cash share-based compensation. The year-over-year increase was driven by Sarbanes Oxley compliance and other IT expenditures as well as additional operating expenses and non-cash amortization of intangible assets related to Photonic Products. Research and development expenses were $0.7 million for the third quarter of 2007 or 8% of revenues, approximately the same as 2006 and a decrease of $149,000 quarter-over-quarter. This is mainly due to a reclassification of R&D expense to a cost of sales basis for the recognition of revenue on the Northrop Grumman project. Selling, general and administrative expense totaled $2.5 million or 32% of revenues for the third quarter of 2007.
Operating loss was $0.8 million for the third quarter of 2007 compared with operating losses of $0.7 million for the third quarter of 2006 and $1.3 million for the second quarter of 2007, of which $0.2 million was due to non-cash amortization of intangible assets.
EBITDA was $0.1 million for the third quarter of 2007, as compared to EBITDA losses of $0.1 million and $0.4 million for the third quarter of 2006 and second quarter of 2007, respectively.
Other expenses (primarily non-cash debt expense and interest expense) totaled $0.6 million for the third quarter of 2007, a decrease of $0.4 million or 39% compared to the second quarter of 2007.
Net loss including discontinued operations was $1.3 million or $(0.04) per share for the third quarter of 2007 compared with $1.2 million or ($0.04) per share for the third quarter of 2006 and $2.1 million or ($0.06) per share for the second quarter of 2007.
Conference Call and Webcast
Management will conduct a conference call with simultaneous webcast today at 5:00 p.m. Eastern Time. Chairman and Chief Executive Officer Mark Blodgett and Chief Financial Officer Marianne Molleur will discuss the quarterly results and comment on business trends.
Interested parties may participate in the live conference call by dialing 800-257-2101 (international dial-in 303-262-2141). No passcode is required for the call. A live webcast of the conference call may be accessed by visiting the Investor Relations: Earnings Conference Call section of the StockerYale website at www.stockeryale.com.
A telephonic replay of the conference call will be available through November 1, 2007 by dialing 800-405-2236 (international dial-in 303-590-3000) and entering passcode 11099734#. The webcast will be archived on the Company's web site for one year.
Use of Non-GAAP Financial Measures
The Company provides non-GAAP financial measures, such as EBITDA, to complement its consolidated financial statements presented in accordance with GAAP. Non-GAAP financial measures do not have any standardized definition and, therefore, are unlikely to be comparable to similar measures presented by other reporting companies. These non-GAAP financial measures are intended to supplement the user's overall understanding of the Company's current financial and operating performance and its prospects for the future. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by identifying certain expenses, gains and losses that, when excluded from the GAAP results, may provide additional understanding of the Company's core operating results or business performance, which management uses to evaluate financial performance for purposes of planning for future periods. However, these non-GAAP financial measures are not intended to supersede or replace the Company's GAAP results.
The company uses EBITDA (earnings before interest, taxes, depreciation and amortization) as a non-GAAP financial measure in this press release. A reconciliation of EBITDA to the operating loss before discontinued operations for the third quarter of 2007 is as follows:
Three Months Ended
September 30,
2007 2006
Net Loss
$
(1,310 ) $ (1,240 )
Income from discontinued operations (28 ) (24 )
Plus
Interest expense (net) 350 309
Depreciation 507 461
Intangible asset amortization 313 80
Stock based compensation 160 117
Taxes (74 ) -
Warrant and debt amortization 226 211
EBITDA (loss) $ 144 $ (86 )
Consolidated Statements of Operations
($ In thousands except share and per share data)
Three Months Ended
September 30,
2007 2006
Net Sales
$
7,917
$
4,534
Cost of Sales 5,261 2,974
Gross Profit 2,656 1,560
Research & Development Expenses 665 646
Selling, General & Administrative Expenses 2,514 1,578
Amortization of Intangible Assets 313 80
Operating Loss (836 ) (744 )
Interest & Other (Income)/Expense (6 ) 130
Amortization of Debt Discount & Financing Costs 226 211
Interest Expense 356 179
Loss before taxes from Continuing Operations (1,412 ) (1,264 )
Tax benefit (74 ) -
Net Loss from Continuing Operations (1,338 ) (1,264 )
Income from Discontinued Operations 28 24
Net Loss $ (1,310 ) $ (1,240 )
Loss Per Share from Continuing Operations ($0.04 ) ($0.04 )
Loss Per Share from Discontinued Operations ($0.00 ) ($0.00 )
Net Loss Per Share ($0.04 ) ($0.04 )
Weighted Average Shares Outstanding 35,884,606 29,251,151
Consolidated Condensed Balance Sheets
ASSETS September 30, 2007 December 31, 2006
Current Assets
$
12,248
$
9,832
Property, Plant & Equipment, Net 10,882 11,255
Other Assets 13,152 13,892
Total Assets
$
36,282
$
34,979
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities
$
8,079
$
8,541
Long Term Debt 10,992 9,512
Long Term Lease and Other Liabilities 4,643 4,736
Stockholders Equity 12,568 12,190
Total Liabilities & Stockholders Equity
$
36,282
$
34,979
ABOUT STOCKERYALE
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company’s quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Contact:
The Piacente Group
Brandi Piacente, 212-481-2050
brandi@thepiacentegroup.com
Source: StockerYale, Inc.
StockerYale Acquires Spectrode, LLC
Thursday October 18, 4:30 pm ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced the acquisition of the assets and intellectual property of Spectrode LLC, a developer of pulsed Thulium Doped Fiber Laser Technology.
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Under the terms of the transaction, all of Spectrode’s patents and patents pending will be assigned to StockerYale, including the “Gain Switched Fiber Laser System.” Continued development of the fiber laser will be led by Dr. Min Jiang on behalf of StockerYale in support of future defense related applications. Other terms of the acquisition were not disclosed.
Spectrode LLC is a spinoff of AZNA LLC, a provider of chirp managed directly modulated lasers. AZNA was founded in 2002 by optics and laser expert Dr. Parviz Tayebati and later sold to Finisar in 2007. Dr. Tayebati was formerly the founder and CEO of CoreTek, until it was acquired by Nortel Networks in March 2000 for $1.4 billion. Dr. Tayebati will assume a seat on StockerYale’s Board of Directors subject to approval by the Board’s Compensation, Nominating and Governance Committee.
“Spectrode’s fiber laser technology will enhance strategic initiatives in both our specialty optical fiber and laser business units,” said Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale. “We are also extremely pleased to welcome Dr. Tayebati to our Board where his technical and scientific expertise will be a valued asset.”
Dr. Parviz Tayebati stated, “I am looking forward to joining StockerYale’s Board. The Company has interesting laser, fiber and LED technologies and I am eager to contribute to the continuing growth of the business.“
StockerYale Earnings Conference Call (Q3 2007)
Scheduled to start Tue, Oct 23, 2007, 4:00 pm Eastern
StockerYale Announces LED Business Leadership Promotion and Appointments
Thursday September 27, 8:30 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced the promotion of Simon Stanley to the position of Managing Director of the Company's LED business unit headquartered in Cork, Ireland and the appointments of Brian Merz as North American LED Sales Manager and Niall Bolster as EU LED Sales Manager.
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"Simon Stanley brings a wealth of technical expertise and sales experience to StockerYale's strong position in the LED market," said Mark Blodgett, Chairman and Chief Executive Officer of StockerYale. "He has been a great asset to StockerYale for the past decade and we look forward to more outstanding contributions as he assumes overall leadership for our LED business."
Simon Stanley joined StockerYale's LED business 10 years ago and has assumed increasing levels of responsibility in engineering, product development and worldwide sales management. Mr. Stanley was an inventor instrumental in the award of StockerYale's LED-packaging patent in 2004.
"We are excited about our progress with recent new customer wins in LEDs," Blodgett continued. "Given our growth expectations and technological leadership, we have added two sales managers for our LED business to oversee our new business development. Brian Merz is a well-recognized LED technical engineer in the machine vision market and Niall Bolster is an experienced engineer from the European automotive markets. We are pleased to welcome them to StockerYale."
Brian Merz was previously application engineering manager and sales engineer for CCS America, the largest global LED machine vision lighting manufacturer. Prior to CCS America, Mr. Merz was a machine vision specialist with Axis New England, a leading value-added distributor of motion control and industrial automation products. Earlier in his career he was an analyst for a developer of photonic integrated circuit technologies. He earned a Bachelor of Arts degree Physics from Boston University. Mr. Merz will be based in the Company's Salem, New Hampshire corporate headquarters.
Niall Boster was previously with ACTS (Advanced Car Technology Systems) & MAGNA Electronics of Sailauf, Germany since 1998, most recently as head of engineering development. Earlier, he was a vehicle development engineer for Daewoo Motor Company of Worthing, England, and before that, an engineering consultant for International Automotive Design of Lyon, France. Mr. Bolster holds a degree in Mechanical Engineering from University of Limerick, Ireland. He will be based in Cork, Ireland.
StockerYale Announces Specialty Optical Fiber Distribution Agreement with Newport Corporation
Tuesday September 25, 8:30 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced an agreement with Newport Corporation (NASDAQ: NEWP - News), a world leader in photonic solutions that Make, Manage and Measure Light(SM), for distribution of StockerYale's line of specialty optical fiber (SOF) products.
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"We are excited to benefit from Newport's broad reach to a wide range of customers in key markets such as medical, biomedical equipment and defense. Their products are used by many of the world's leading corporations, universities and research institutes, and their distribution channels offer StockerYale a significant opportunity to expand our growing SOF customer base," said Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale.
StockerYale's specialty optical fiber will be available for sale through the Photonics and Instrumentation section of Newport's website at http://www.newport.com/products/overview.aspx and in the Newport Resource Catalog.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com.
About Newport Corporation
Newport Corporation is a leading global supplier of advanced-technology products and systems to customers in the scientific research, microelectronics manufacturing, aerospace and defense/security, life and health sciences and precision industrial manufacturing markets. Newport's innovative solutions leverage its expertise in high-power semiconductor, solid-state and ultrafast lasers, photonics instrumentation, sub-micron positioning systems, vibration isolation, optical subsystems and precision automation to enhance the capabilities and productivity of its customers' manufacturing, engineering and research applications. Newport is part of the Standard & Poor's SmallCap 600 Index and the Russell Microcap Index.
yup, seeing some improvement. news of a military contract is a one of dem sleepers here. good stuff.
Great news b9molecule. Think I may buy some tommorow! Good looking chart came up on the scanner Friday+today's gov. contract PR~ should be just what the pps needs to go up :)
StockerYale Awarded Specialty Optical Fiber Contract from Northrop Grumman Newport News for Virginia Class Submarines
Sep 18, 2007 10:12:01 (ET)
SALEM, N.H., Sep 18, 2007 (BUSINESS WIRE) -- StockerYale, Inc. (STKR, Trade ), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced a significant contract award for its specialty optical fiber by Northrop Grumman Newport News (NGNN), a sector within the Ships business of Northrop Grumman Corporation (NOC, Trade ), for the U.S. Navy's Virginia class submarine fleet.
The fiber will be used for Light Weight Wide Aperture Array (LWWAA) Hydrophone Systems in support of the Virginia class attack submarine program. StockerYale will supply fiber to Northrop Grumman Newport News for the next three submarines to be added to the fleet. Fiber shipments to Northrop Grumman Newport News are expected to begin in September 2007.
"We're excited to partner with world class customers like Northrop Grumman on critical programs that demonstrate our technical expertise and ability to produce large quantities of highly-specialized optical fiber" said Mark Blodgett, Chairman and Chief Executive Officer of StockerYale. "Our engineers and scientists worked diligently to customize a fiber that meets the exact technical and time-sensitive requirements for the LWWAA program as outlined by Northrop Grumman. We are pleased to be awarded this important, defense contract."
The US Navy's Virginia class submarines employ LWWAA systems on either side of the hull, which provide sonar sensor input to the submarine's combat system. Northrop Grumman designed, developed and manufactures the key optical sensing elements of the Fiber Optic Acoustic Sensors (FOAS) arrays for the LWWAA system. StockerYale's specialty optical fiber is a key component for NGC's FOAS arrays.
"This is both our first major government contract and largest contract for specialty optical fiber received to date," Blodgett noted. "As we continue to grow our specialty optical fiber business, we will realize strong financial operating leverage from this higher margin, high potential business unit."
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com .
About Northrop Grumman Corporation
Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
For more than a century, Northrop Grumman Newport News has designed, built, overhauled and repaired a wide variety of ships for the US Navy and commercial customers. Today, Newport News is the nation's sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two companies capable of designing and building nuclear-powered submarines. The company also provides after-market services for a wide array of naval and commercial vessels. For more information about Northrop Grumman, visit www.northropgrumman.com
1.32 +0.124 (+10.37%) 1.26 x200 1.28 x300 506,952
STKR + .05 to 1.25. News of CA lawsuit settlement yesterday.
NEW YORK, Aug. 29, 2007 (PRIME NEWSWIRE) -- The Rosen Law Firm PA and Mallory & Friedman, PLLC Announce the Notice of Pendency and Settlement of Class Action Involving StockerYale, Inc. (Nasdaq:STKR):
some new institutional ownership
VAN WAGONER CAPITAL 6/30/2007 156,250 156,250 New
MELLON FINANCIAL 6/30/2007 44,200 44,200 New
BARCLAYS PLC 6/30/2007 2,500 2,500 New
Total Shares Held by institutions: 9,414,940
Net Shares Purchased 2,614,660
% Change in Institutional Shares Held 37.8%
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