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. to Host a Technology Innovation Briefing on March 17, 2...

Coherent Corp. to Host a Technology Innovation Briefing on March 17, 2026 SAXONBURG, Pa., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced that it will host a Technology Innovation Briefing during the 2026 Optical Fiber Communication Conference and Exhibition (OFC) in Los Angeles on Tuesday, March 17, 2026, at 4:00 p.m. ET at the Omni Los Angeles Hotel at California Plaza in Los Angeles. Event: Coherent Technology Innovation Briefing at OFC 2026Location: Omni Los Angeles Hotel at California Plaza, Los Angeles, CADate: Tuesday, M...

 PRESS RELEASE

Coherent Executives Take the Stage at the Optica Executive Forum at OF...

Coherent Executives Take the Stage at the Optica Executive Forum at OFC 2026, Spotlighting the Future of AI Networking SAXONBURG, Pa., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced the participation of its executives in key thought leadership sessions at the Optica Executive Forum during OFC 2026, the premier global event for optical networking and communications. Coherent’s Chief Executive Officer Jim Anderson will be a featured panelist on the CEO Panel on Monday, March 16, at the JW Marriott Hotel Los Angeles L.A. LIVE. He...

 PRESS RELEASE

Six Coherent Products Recognized by Lightwave Innovation Awards

Six Coherent Products Recognized by Lightwave Innovation Awards SAXONBURG, Pa., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, proudly announced that six of its products have received awards in the 2026 Lightwave Innovation Reviews, matching the Company’s achievement in 2025 and underscoring Coherent’s continued leadership in optical networking innovation. As compute infrastructure expands, from scale up and scale out architectures within the datacenter to long-reach data center interconnect, advances in the performance, integration, and ener...

 PRESS RELEASE

Coherent Corp. Reports Second Quarter Fiscal 2026 Results

Coherent Corp. Reports Second Quarter Fiscal 2026 Results Q2 REVENUE OF $1.69B, INCREASED 17% Y/Y; AND, ON A PRO FORMA BASIS, 22% Y/Y ADJUSTED FOR SALE OF AEROSPACE & DEFENSE BUSINESSQ2 GAAP GROSS MARGIN OF 36.9%, INCREASED 145 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 39.0%, INCREASED 77 bps Y/YQ2 GAAP EPS OF $0.76, INCREASED 71% Y/Y; Q2 NON-GAAP EPS OF $1.29, INCREASED 35% Y/Y SAXONBURG, Pa., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its second quarter of fiscal year...

 PRESS RELEASE

Coherent Corp. Announces Timing of FY2026 Second Quarter Earnings Rele...

Coherent Corp. Announces Timing of FY2026 Second Quarter Earnings Release SAXONBURG, Pa., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced today that it will release its financial results for the quarter ended December 31, 2025, on Wednesday, February 4, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 4:30 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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch