Jeremy Weston, president of Positive Light, said, "Positive Light has a long standing commitment to provide advanced solid-state laser systems to scientific and industrial markets. We believe our products and technological expertise are complementary to Coherent's leadership in the market. As a result, both companies will have broader access to existing and emerging markets and applications."
Under the terms of the merger agreement, Positive Light will satisfy all of its obligations to its customers, vendors, and distributors. Current plans call for the company to continue its operations under the existing management team from its Los Gatos facility.
For more information, visit: www.poslight.com