IPG PHOTONICS CORP

IPG Photonics Corporation develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, diode lasers, and laser-based systems. These products are used in materials processing, medical, and advanced applications. Fiber lasers combine the benefits of semiconductor diodes, such as long life and high efficiency, with the high amplification and precise beam qualities of specialty optical fibers. The company sells its products globally to original equipment manufacturers (OEMs), system integrators, and end users, primarily through its direct sales force. IPG Photonics' major manufacturing facilities are located in the United States and Germany, with sales service offices and applications laboratories worldwide. The company is vertically integrated, designing and manufacturing most key components for its finished products, from semiconductor diodes to optical fiber preforms, finished fiber lasers, and amplifiers. It also manufactures complementary products like optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, and chillers. This vertical integration helps control quality, speed up product development, and protect proprietary technology. IPG Photonics began operations in 1990, was incorporated in Delaware in 1998, and is listed on the Nasdaq Global Select Market under the ticker IPGP.