IPG Photonics reports record revenue on 29% sales growth and 27% increase in net income in third quarter of 2008

Nov. 7, 2008
Sales of fiber lasers for materials processing applications increase by 47%

Comments on the Third Quarter
"The industrial marketplace continues to embrace our fiber lasers as a more reliable, robust, efficient and flexible manufacturing solution that also provides the financial advantages of lower costs and higher throughput compared with conventional processes," said Dr. Valentin Gapontsev, IPG Photonics' Chief Executive Officer.

Attendance at the 4th International Workshop on Fiber Lasers held in Dresden, Germany, November 5-6 was nearly 400--good news in a period when business travel is being reduced. A sign of this was that only a handful of U.S. attendees showed up.

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