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Schott Invests in VCSELs, Restructures Optovance

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Raising its share to 52 percent, Schott Corp. of Yonkers, N.Y., has acquired majority ownership of university spin-off U.L.M. Photonics GmbH of Ulm, Germany, which has built and developed research, design and manufacturing facilities for vertical-cavity surface-emitting lasers (VCSELs). Schott also plans to sell, spin-in or close Schott Optovance Inc. of Southbridge, Mass., by the end of the year. The supply of products to its customers will be assured during the restructuring.Read full article

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    Published: December 2002
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