Lasers & Sources

DirectPhotonics secures nearly $3.7M to accelerate direct diode laser market growth

June 27, 2015

DirectPhotonics secured an investment infusion of nearly $3.7 million dollars from existing shareholders and a new partner.

Ultrahigh-brightness direct diode laser solutions company DirectPhotonics Industries (Berlin, Germany) secured an investment infusion of nearly $3.7 million dollars (up to 3.3 million euros) from existing shareholders and a new significant industrial strategic partner. The company says the capital will be used to accelerate growth, execute on operational excellence, and further develop a cost-reduced kilowatt laser materials processing product line.

"This investment is another important step in the development of the company. It aims to create a mature industrial organization, which ensures that product qualification, manufacturing processes and customer services are in line with market expectations. Beyond the financial investment, which reinforces the strong confidence of our investors in our business model, the strategic partnership gives DirectPhotonics access to resources that will significantly support the company's organizational growth," said Wolfgang Gries, CEO and founder of DirectPhotonics.

DirectPhotonics was founded in 2011 with an emphasis on direct diode systems for materials processing.

SOURCE: DirectPhotonics; http://www.directphotonics.com/images/pdf/Pressreleases/20150618DirectPhotonics_Secures_Investment_to_Accelerate_Growth.pdf