San Jose (CA), January 31st, 2006 Modulight Inc. announces that it has received a $1.8M contract from Technology Development Centre (Tekes) for the development of high-power laser diodes (HPLDs).
This contract is a cornerstone for further development of Modulight’s HPLD product line. It will enable us to dedicate more resources for this product line without sacrificing the profitability. I believe that this contract will benefit also our other customers indirectly by increasing resources for design-for-manufacturability and product data management (PDM) activities. These are areas where we already excel the competition according to many customers”, says Mr. Seppo Orsila, CFO & VP Marketing.
About Modulight, Inc.
Modulight, Inc. provides value-added solutions to optical applications for industrial, communication, medical, space, and defense industries. Modulight products include various types of lasers from visible to infrared wavelengths with output power levels from milliwats to over hundreds of watts. Modulight provides also laser solutions from design and manufacturing of laser diodes to OEM-based optical sub-systems and turnkey laser systems. Modulight owns and operates a semiconductor fab in Tampere, Finland and has fully owned subsidiary Modulight USA located in San Jose, California.
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