IPG Photonics develops and manufactures high-performance fiber lasers and amplifiers for diverse applications in numerous markets. Founded in 1990, IPG Photonics pioneered the development and commercialization of optical fiber-based lasers, which are a new generation of lasers that combine the advantages of semiconductor diodes with the high amplification and precise beam qualities of specialty optical fibers. Because these lasers deliver superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, fiber lasers are displacing traditional lasers in many current applications and enabling new applications for lasers.
When was IPG founded?
IPG was founded in 1990
How fast is the fiber laser market growing?
Strategies Unlimited estimates that the market for fiber lasers will grow from $131 million in 2005 to $674 million in 2010, a 39% compound annual growth rate. During this time, industry experts predict that this disruptive technology will displace traditional lasers in some markets and non-laser technologies in others. The total available market for fiber lasers is estimated to be growing fast at a 9% annual rate from $1.8 billion in 2005 to $2.8 billion in 2006.
What is the Company's growth strategy?
IPG's growth strategy is to:
Continue to displace existing non-laser technologies
Target new applications for fiber lasers
Expand product portfolio and develop systems business
Optimize manufacturing
Expand global reach
What industries are IPG's fiber lasers and amplifiers used in?
IPG manufactures a broad line of fiber lasers that are used in numerous markets for very diverse applications. The principal market is materials processing. Other markets include communications, medical and advanced. IPG's products are used to make the products or provide the services that touch your life in many different ways each day, from razor blades that our products weld, to cars you drive made with robotic laser welding, to the computers containing semiconductors and disk drives that our lasers are used to manufacture, to the aircraft that our products weld, to the magazine you read printed with the help of our lasers, to the broadband service delivered to your home. Our lasers are also used in skin rejuvenation, such as wrinkle removal.
What are the advantages of fiber lasers?
Fiber lasers from IPG offer a combination of benefits to customers. The benefits stem from the all solid-state design of fiber lasers that use semiconductor diodes as the light source to pump specialty optical fibers infused with rare earth ions. Benefits include:
Superior performance over the entire power range
Lower total cost of ownership do to lower maintenance costs, high reliability and energy efficiency
Ease of use from the all solid state and integrated fiber delivery
Compact size and portability
Choice of wavelengths and precise beam control
Where is IPG located?
IPG's headquarters are based in Oxford, Massachusetts. The Company also has facilities in Germany, Italy and Russia, and regional sales offices in the United States, India, Japan, Korea and the United Kingdom
What is the Company's ticker symbol and where is the stock traded?
IPG Photonics' stock is traded on the Nasdaq Global Market under the symbol "IPGP."
What products does IPG offer?
We design and manufacture a broad range of high-performance optical fiber-based lasers and amplifiers. Many of our products are designed to be used as general purpose energy or light sources, making them useful in diverse applications and markets.
Our laser products include low (1 to 99 watts), medium (100 to 999 watts) and high (1,000 watts and above) output power lasers from 1 to 2 microns in wavelength. These lasers may be either continuous wave or may be modulated at different rates. We offer several different types of lasers, which are defined by the type of gain medium they use. These are ytterbium, erbium, thulium and raman. We also sell fiber coupled direct diode laser systems.
Our amplifier products range from milliwatts to up to 500 watts of output power from 1 to 2 microns in wavelength. We offer erbium-doped fiber amplifiers, commonly called EDFAs, raman amplifiers and integrated communications systems that incorporate our amplifiers.
Who are IPG's customers?
We have a broad customer base with more than 500 customers worldwide. We sell our products globally to OEMs, system integrators and end users in a wide range of diverse markets who have the in-house engineering capability to integrate our products into their own systems.
How are IPG's products sold and distributed?
We market our products internationally primarily through our direct sales force and also through agreements with independent sales representatives and distributors. We have sales offices in the United States, Germany, Russia, Italy, Japan, South Korea, India and the United Kingdom.
What is IPG's competitive advantage?
We believe that we have several competitive strengths, including:
Differentiated Proprietary Technology Platform.
Leading Market Position.
Breadth and Depth of Expertise.
Vertically Integrated Development and Manufacturing.
Diverse Customer Base, End Markets and Applications.
Broad Product Portfolio and Ability to Meet Customer Requirements.
What is IPG Photonics' fiscal year?
IPG Photonics' fiscal year ends on December 31.
How can I receive a copy of IPG Photonics' financial statements?
IPG Photonics' financial statements are available for viewing in the "SEC Filings" section of its investor relations website. To receive a hard copy of the Company's financial statements, please visit the "Info Request" section of the site and complete the electronic form provided.
Does IPG Photonics have a dividend reinvestment program?
IPG Photonics does not currently make dividend payments or have a dividend reinvestment program.
When was the Company's initial public offering?
IPG Photonics completed its IPO on December 12, 2006.
How many shares outstanding does IPG Photonics have?
As of December 31, 2006, IPG has 42,901,612 shares of common stock outstanding.
How do I buy IPG Photonics' stock?
The Company's stock, listed on the Nasdaq Global Select Market, can be purchased through your broker or using an online investment service. IPG Photonics does not offer a direct stock purchase plan.
When is the next financial results release date?
Please check the "Webcasts & Presentations" section of our investor site for updates.
How many employees does IPG Photonics have?
As of September 30, 2006, IPG had approximately 1,000 employees.
Who are IPG Photonics' independent accountants?
IPG Photonics' independent public accounts are Deloitte & Touche, LLP
Who is IPG Photonics' transfer agent?
IPG Photonics' transfer agent and registrar is Computershare. The address is: 250 Royall Street, Canton, MA 02021 USA.
Who are the financial analysts that follow IPG?
The following sell-side analysts cover IPG:
John Lau – Jefferies & Co.
C.J. Muse – Lehman Brothers
Thomas Diffely – Merrill Lynch
John Harmon – Needham & Company
Ajit Pai – Thomas Weisel Partners
Who do I contact regarding a lost stock certificate or a change of address?
Please contact IPG Photonics' transfer agent, Computershare at: 250 Royall Street, Canton, MA 02021 USA.
How do I request an IPG investor packet?
Visit the "Request Printed Materials" section of our website or email your request to ipgp@investorrelations.com.
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