Inrad to Sell Its Tunable Mid-IR Laser Technology

NORTHVALE, NJ, Aug. 29 -- Inrad Inc. has agreed to sell its tunable mid-IR laser technology to an unnamed instrument company for an undisclosed sum. The technology applies single crystal non-linear optical materials that are transparent in the infrared waveband, a pump laser, and optical components grouped as an optical parametric oscillator to produce tunable infrared radiation.
The agreement to sell our tunable mid-IR laser technology represents our strategic decision to concentrate our resources on our core businesses, said Dan Lehrfeld, president and CEO of Inrad. Inrad had advanced this technology to showcase the capabilities of our advanced IR materials, and to develop a key component suitable to the needs of an emerging class of scientific instruments and analysis systems. We believe that this technology will benefit from its transfer to a buyer in the spectrographic instrument industry who is positioned to pull the technology through its next development cycles and on to its eventual end-use in marketable systems.