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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

ESC Buys out Applied Optronics

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Kevin Robinson

YOKNEAM, Israel ­ Medical laser giant ESC Medical Systems Ltd. has subsumed a smaller laser company, Applied Optronics Corp. of South Plainfield, N.J. ESC officials expect that the acquisition will boost the company's presence in the solid-state diode laser market as well as improve its cosmetic laser research and development. According to Tom Cekoric, president and CEO of Applied Optronics, financial figures relating to the amount of the buyout have not been made public and likely will not be. He said, however, that he is pleased with the agreement. With Applied Optronics under its...Read full article

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