CVI Laser Corp. Acquires Technical Optics Limited.Business Editors IRVINE, Calif. and ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 25, 2000 Melles Griot griot African tribal storyteller. The griot's role was to preserve the genealogies and oral traditions of the tribe. Griots were usually among the oldest men. In places where written language is the prerogative of the few, the place of the griot as cultural guardian is still Photonics Thursday announced that it has completed the sales of Technical Optics Limited (TOL) to CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute Laser Corp. (CVI). TOL is a leading manufacturer of high quality laser optics and optical thin film coatings. Located on the Isle of Man Noun 1. Isle of Man - one of the British Isles in the Irish Sea Man British Isles - Great Britain and Ireland and adjacent islands in the north Atlantic , TOL has been a supplier of high damage threshold laser optics for over 25 years. Technical Optics Limited has been part of the Melles Griot group of companies for 12 years. "The transfer of TOL to CVI is part of our efforts to rationalize ra·tion·al·ize v. 1. To make rational. 2. To devise self-satisfying but false or inconsistent reasons for one's behavior, especially as an unconscious defense mechanism through which irrational acts or feelings are made to appear our production capacity," said Blake Fennell, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Melles Griot Photonics. Melles Griot will keep TOL products in its product line and will retain worldwide sales representation for TOL. In addition, Melles Griot will now have sales representation for CVI products Haggie Hahn, CVI chairman, said, "TOL fits naturally into CVI's strategic focus on high quality laser optics. This acquisition will enable us to improve our participation in the European laser market." CVI is the world's largest manufacturer of high quality laser optics. CVI will merge its existing UK operations into TOL to create one of the largest thin film coating facilities in Europe. CVI and TOL will continue to focus on high quality, fast delivery and excellent customer technical support. "We are looking forward to joining CVI," said Jacky Vel, general manager of Technical Optics Limited. "Our technologies complement each other well and adding CVI's capabilities to TOL's will enable us to provide customers with better products and service," continued Vel. TOL will retain its production facility on the Isle of Man with enhanced capacity from CVI's UK based operations. The statements in this press release that relate to future plans, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Actual results, events and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The companies undertake no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events after the date hereof or to reflect the occurrence of unanticipated events. |
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