7th November 2006. Modulight, Inc., Tampere, Finland and San Jose, CA, is pleased to announce today receiving of the Frost & Sullivan’s 2006 Product Innovation Award for its innovative approaches and remarkable efforts to develop high- power laser diodes.
According to Frost & Sullivan, the Product Innovation Award “recognizes the company’s successful adoption or invention of new technology that has become a part of a well-designed product family. This award also recognizes the company’s successful product development strategies and the degree the product has met customer stated needs and requirements. Such innovation is expected to significantly contribute to the industry in terms of market acceptance.”
“The selection process included primary participant interviews and/or interviews with end users, distributors, suppliers as well as extensive primary and secondary research via the bottom-up approach. Companies’ products were analyzed based on the degree of innovation, the estimated market penetration rate, and the acceptance of the product by intended end users. Industry participants were ranked and the top performing company was chosen for the award.”
“We are very honoured to receive this recognition from a top-tier market profiler like Frost & Sullivan. This award is a clear sign that Modulight has gained in the last year more recognition as an important player in the high-power lasers market. It is a confirmation of the successful strategy changes we pursued over the last two years”, says Dr. Petteri Uusimaa, President & CEO of Modulight.
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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