Excel subsidiary unveils next generation marking system.NEW YORK--(BUSINESS WIRE)--March 26, 1997--Excel Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :XLTC) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Control Laser Corp. (CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. ), introduced the Insignia, a new generation laser marking system, yesterday at Westec '97 Advanced Productivity Exposition in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . This latest addition to CLC's InstaMark laser marking product line is designed to provide the highest marking efficiency of any beam steered laser marker in the world and, because its marking head is sealed at the factory, it requires no maintenance. Excel Technology Chairman J. Donald Hill commented, "Beam steered laser marking accounts for almost half of our revenues, and this advancement should help CLC maintain its dominant position in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . We believe the Insignia is the only such system requiring no periodic maintenance of the laser head. Despite its smaller size, the new laser produces high brightness, exceptional laser marking power, unmatched speed and accuracy while maintaining a small focused spot size." Hill concluded, "Traceability in manufacturing and higher end Coordinates: For other places with the same name, see Billinge. Higher End or Billinge Higher End is a district of the Metropolitan Borough of Wigan, in Greater Manchester, England. product quality will continue to drive global growth in beam steered laser marking, and we expect to be a significant participant in this market." Excel and its wholly-owned subsidiaries develop, manufacture and market laser systems and electro-optical components for electronic, semiconductor, other industrial, scientific and dental applications. CONTACT: Excel Technology Inc. J. Donald Hill, 212/355-3400 |
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