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 Corp. Reports Third Quarter Fiscal 2025 Results

Coherent Corp. Reports Third Quarter Fiscal 2025 Results Q3 REVENUE OF $1.50B, INCREASED 24% Y/YQ3 GAAP GROSS MARGIN OF 35.2%, INCREASED 491 bps Y/Y; Q3 NON-GAAP GROSS MARGIN OF 38.5%, INCREASED 490 bps Y/YQ3 GAAP EPS OF $(0.11), IMPROVED $0.18 Y/Y; Q3 NON-GAAP EPS OF $0.91, IMPROVED $0.53 Y/Y SAXONBURG, Pa., May 07, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in materials, networking, and lasers, announced financial results today for its fiscal third quarter ended March 31, 2025. Revenue for the third quarter of fiscal 2025...

 PRESS RELEASE

Coherent Corp. Announces Timing of Third-Quarter Fiscal 2025 Earnings ...

Coherent Corp. Announces Timing of Third-Quarter Fiscal 2025 Earnings Release SAXONBURG, Pa., April 23, 2025 (GLOBE NEWSWIRE) --  (NYSE: COHR) (the “Company”), a global leader in materials, networking, and lasers, announced today that it will release third-quarter fiscal 2025 financial results on Wednesday, May 7, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 5:00 p.m. ET to discuss the results. The Company invites investors to join the live audio webcast at . The webcast will be recorded, and a replay will be available within 24 hours ...

 PRESS RELEASE

Coherent Introduces Axon FL: a Versatile Fiber Coupling Module for Min...

Coherent Introduces Axon FL: a Versatile Fiber Coupling Module for Mini2P Applications SAXONBURG, Pa., April 18, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announces the launch of the , a fiber coupling module that transforms the Axon 920 TPC ultrafast femtosecond laser into a plug-and-play solution for Mini2P microscopy. Designed for seamless interchangeability between free-space and fiber-coupled outputs, the Axon FL significantly expands the versatility of the Axon 920 TPC laser, enabling researchers to use a single source across a wider ...

 PRESS RELEASE

Coherent Corp. to Host Analyst and Investor Day on May 28, 2025

Coherent Corp. to Host Analyst and Investor Day on May 28, 2025 SAXONBURG, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in materials, networking, and lasers, today announced that it will host an Analyst and Investor Day on Wednesday, May 28, 2025, at 9:00 a.m. EDT at the New York Stock Exchange. The event will feature presentations and a Q&A session with members of the Company’s executive leadership team, including CEO Jim Anderson and CFO Sherri Luther. Presentations will be delivered in person and via live web...

 PRESS RELEASE

Coherent Demonstrates 1.6T Optical Transceivers Based on 200G VCSELs

Coherent Demonstrates 1.6T Optical Transceivers Based on 200G VCSELs SAXONBURG, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, will demonstrate a 1.6T-SR8 optical transceiver at OFC 2025. This transceiver incorporates advanced 200G vertical cavity surface emitting lasers (VCSELs) and photodiodes produced by Coherent. VCSEL-based transceivers have established dominance in data center environments due to their exceptional cost-effectiveness and low power consumption for short-reach connections. Additionally, surging demand from artifi...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch