StockerYale Acquires Spectrode, LLC.SALEM, N.H. -- StockerYale, 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 : STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, today announced the acquisition of the assets and intellectual property of Spectrode LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a developer of pulsed Thulium thulium (th  `lēəm) [from Thule, an ancient name for Scandinavia], metallic chemical element; symbol Tm; at. no. 69; at. wt. 168.9342; m.p. about 1,545°C;; b.p. Doped dope n. 1. Informal a. A narcotic, especially an addictive narcotic. b. Narcotics considered as a group. c. An illicit drug, especially marijuana. 2. Fiber Laser Technology. Under the terms of the transaction, all of Spectrode's patents and patents pending will be assigned to StockerYale, including the "Gain Switched Fiber Laser System." Continued development of the fiber laser will be led by Dr. Min Jiang on behalf of StockerYale in support of future defense related applications. Other terms of the acquisition were not disclosed. Spectrode LLC is a spinoff of AZNA LLC, a provider of chirp managed directly modulated mod·u·late v. mod·u·lat·ed, mod·u·lat·ing, mod·u·lates v.tr. 1. To adjust or adapt to a certain proportion; regulate or temper. 2. lasers. AZNA was founded in 2002 by optics and laser expert Dr. Parviz Tayebati and later sold to Finisar in 2007. Dr. Tayebati was formerly the founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CoreTek, until it was acquired by Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony in March 2000 for $1.4 billion. Dr. Tayebati will assume a seat on StockerYale's Board of Directors subject to approval by the Board's Compensation, Nominating and Governance Committee. "Spectrode's fiber laser technology will enhance strategic initiatives in both our specialty optical fiber and laser business units," said Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale. "We are also extremely pleased to welcome Dr. Tayebati to our Board where his technical and scientific expertise will be a valued asset." Dr. Parviz Tayebati stated, "I am looking forward to joining StockerYale's Board. The Company has interesting laser, fiber and LED technologies and I am eager to contribute to the continuing growth of the business." About StockerYale StockerYale, Inc., headquartered in Salem, New Hampshire Salem is a town in Rockingham County, New Hampshire, United States. The population was 28,112 at the 2000 census. Salem is a marketing and distributing center, with several colleges, recreation attractions and a large shopping mall, the Mall at Rockingham Park. , is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company's quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements. |
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