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Qioptiq Divesting Polymer Molding Unit

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PARIS, March 7, 2011 — Qioptiq SAS has begun procedures to divest its molding unit of Qioptiq Polymer Inc. in La Verne, Calif., to concentrate on its core optical and photonics business. Qioptiq Polymer’s injection molding business assets will be sold to the current management. The transaction, which is subject to the customary completion of necessary agreements and approvals, is expected to close by the end of the month. The new venture, which will conduct business as Diverse Optics Inc., will remain at the La Verne facility. The molding business will continue to operate with no interruptions....Read full article

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    Published: March 2011
    Glossary
    injection molding
    Injection molding is a manufacturing process used to produce parts by injecting molten material into a mold. It is widely used for creating a variety of plastic products, but it can also be used with metals, glass, elastomers, and confections. The process involves several steps: Clamping: The two halves of the mold are securely closed using a clamping unit. Injection: Molten material (usually plastic) is injected into the mold cavity through a nozzle by an injection unit. The material...
    optical
    Pertaining to optics and the phenomena of light.
    AmericasBiophotonicsBusinessCaliforniadefensedefense and aerospacedefense systemsDiverse Optics Inc.Erik Flemingindustrialindustrial manufacturinginjection moldinglife sciencesmedicalNew YorkopticalOpticsQioptiqQioptiq Polymer Inc.R&Dresearch and development

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