IIVI II-VI Incorporated

II-VI Incorporated Ramps Manufacturing Capacity of Components and Subassemblies for Molecular Diagnostic Testing Systems

II-VI Incorporated Ramps Manufacturing Capacity of Components and Subassemblies for Molecular Diagnostic Testing Systems

PITTSBURGH, March 23, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leading provider of lasers, optics, thermoelectrics, and subassemblies for the life sciences market, today announced that it is ramping up its manufacturing capacity of components and subassemblies for molecular diagnostic testing systems, specifically those that underpin the polymerase chain reaction (PCR) testing platforms of its customers.

The increasing deployment of PCR test equipment at the healthcare point of service is driving the accelerating demand for II-VI’s precision subsystems that integrate its thermoelectric and optical components and allow the rapid replication and identification of target genetic sequence. II-VI is ramping up its global manufacturing and supply chain to produce thermoelectric subassemblies, across its global manufacturing footprint, to meet the recent and anticipated sustained surge in demand in the PCR system supply chain due to the spread of COVID-19.

“We are proud of all of our employees around the world for their tireless dedication to the life sciences ecosystems organized to overcome COVID-19,” said Dr. Chuck Mattera, Chief Executive Officer, II-VI Incorporated.

PCR systems have challenging requirements for simultaneously applying a highly uniform and rapid rate of temperature change across the genetic sample to drive replication. II-VI’s thermoelectric products, designed in Dallas, Texas, and manufactured in Ho Chi Minh City, Vietnam, meet both the stringent performance requirements and the reliability endurance of hundreds of thousands of rapid temperature cycles.

Leveraging its advanced optical coating capabilities in Santa Rosa, California, II-VI designs and manufactures industry-leading optical filters with high transmission, steep slopes, and deep out-of-band blocking, enabling PCR systems to achieve very high sensitivity in detecting viral genetic material. II-VI is dedicating additional coating machines to meet the PCR-driven production ramp requirements.

II-VI’s broad portfolio for life sciences instrumentation also includes visible wavelength laser solutions, precision optical components, and optomechanical subassemblies. PCR system providers can expand assembly manufacturing at II-VI’s facilities in Dallas, Texas; Fuzhou, China; and Ho Chi Minh City, Vietnam, which are certified to ISO 13485 for FDA-approved biomedical assemblies.

About II-VI Incorporated

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at .

CONTACT:

Mark Lourie

Vice President, Corporate Communications



EN
23/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on II-VI Incorporated

 PRESS RELEASE

Coherent Expands Silicon Carbide Platform with 300mm Capability to Sup...

Coherent Expands Silicon Carbide Platform with 300mm Capability to Support Growing Demand of AI and Datacenters SAXONBURG, Pa., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced a major milestone in its next-generation 300mm silicon carbide (SiC) platform to address increasing thermal efficiency demands in AI datacenter infrastructure. Coherent, a pioneer in large-diameter SiC substrates, has leveraged its proven 200mm platform expertise to develop a next-generation 300mm solution, engineered to manage rising thermal loads, that ...

 PRESS RELEASE

Coherent Introduces Axon FP – A Breakthrough Fiber-Delivered Femtoseco...

Coherent Introduces Axon FP – A Breakthrough Fiber-Delivered Femtosecond Laser for Multiphoton Microscopy SAXONBURG, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced the launch of the Axon FP, a new addition to the Axon family that redefines flexibility and accessibility in femtosecond laser technology. Designed for next-generation applications in life sciences, instrumentation, and metrology, the Axon FP provides a compact, air-cooled, rack-mountable laser source with a fiber-delivered, collimated output. Its fiber-deliver...

 PRESS RELEASE

Coherent Unveils EDGE CUT20 OEM Cutting Solution for Intelligent Metal...

Coherent Unveils EDGE CUT20 OEM Cutting Solution for Intelligent Metal Cutting at Photonix Japan 2025 SAXONBURG, Pa., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced the launch of the EDGE CUT20 OEM Cutting Solution, pairing the new CUT20 laser cutting head with our EDGE FL20 fiber laser to deliver unmatched precision, control, and process intelligence for high-performance sheet-metal cutting. At the heart of the EDGE CUT20 package is a co-engineered laser-and-optics architecture, designed from the ground up to operate in uniso...

 PRESS RELEASE

Coherent Corp. Reports First Quarter Fiscal 2026 Results

Coherent Corp. Reports First Quarter Fiscal 2026 Results Q1 REVENUE OF $1.58B, INCREASED 17% Y/Y AND, ON A PRO FORMA BASIS, 19% Y/Y ADJUSTED FOR SALE OF AEROSPACE & DEFENSE BUSINESSQ1 GAAP GROSS MARGIN OF 36.6%, INCREASED 249 bps Y/Y; Q1 NON-GAAP GROSS MARGIN OF 38.7%, INCREASED 200 bps Y/YQ1 GAAP EPS OF $1.19, IMPROVED $1.23 Y/Y; Q1 NON-GAAP EPS OF $1.16, IMPROVED $0.49 Y/Y SAXONBURG, Pa., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its first quarter of fiscal year...

 PRESS RELEASE

Coherent Announces Agreement to Sell Materials Processing Tools Produc...

Coherent Announces Agreement to Sell Materials Processing Tools Product Division to Bystronic SAXONBURG, Pa., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its product division that makes and sells tools for materials processing to Bystronic, an international leader in sheet metal processing technology and innovation. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS. Based near Munich, German...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch