September 4, 2007, Oxford, MA--According to a press release from Business Wire, IPG Photonics Corporation announced that it was awarded a $3.8 million contract from the U.S. Navy to supply the Naval Warfare Surface Center with a 44 kilowatt fiber laser system. The contract expands IPG's presence in government applications.
The contract, representing the first large fiber laser system to the U.S. Navy, calls for the delivery of eight commercial 5.5 kilowatt fiber lasers from September to December 2007. IPG Photonics was selected after extensive market research by the U.S. Navy that determined that IPG was the only company that could produce the required output with the maximum allowable number of lasers for their requirements.
"This contract represents the success of our strategy to sell our fiber lasers into new applications and is an important step forward in expanding our government business," said Denis Gapontsev, VP of research and development at IPG Photonics. "We are pleased that the Navy has selected our robust and scalable high power fiber laser technology that is recognized in the industry for its proven reliability and superior performance."
The fiber lasers will be manufactured at IPG's facility in Oxford, MA.
For more information, visit www.ipgphotonics.com.