IPG Photonics And Newport settle litigation

Feb. 5, 2007
February 5, 2006, Oxford, MA and Irvine, CA--IPG Photonics Corporation and Newport Corporation announced that the two companies have settled patent infringement claims made against IPG Photonics by Spectra-Physics, a subsidiary of Newport, as well as IPG Photonics' counterclaims against Spectra-Physics, by mutual agreement. Terms of the settlement agreement were not disclosed.

February 5, 2006, Oxford, MA and Irvine, CA--IPG Photonics Corporation and Newport Corporation announced that the two companies have settled patent infringement claims made against IPG Photonics by Spectra-Physics, a subsidiary of Newport, as well as IPG Photonics' counterclaims against Spectra-Physics, by mutual agreement. Terms of the settlement agreement were not disclosed.

IPG Photonics does not expect the agreement to have a material impact on its financial statements or condition. The settlement related to a complaint filed with the United States District Court for the Northern District of California in June 2006 by Spectra-Physics alleging that certain of IPG Photonics' optical fiber laser and amplifier products infringed a U.S. patent owned by Spectra-Physics. Pursuant to the parties' settlement agreement, this case has been dismissed with prejudice.

Newport supplies technology products and systems to the semiconductor, communications, electronics, research and life and health sciences markets, with solutions in high-power semiconductor, solid-state and ultrafast lasers, photonics instrumentation, precision robotics and automation, sub-micron positioning systems, vibration isolation, and optical subsystems. IPG Photonics manufactures fiber lasers and amplifiers for diverse applications in numerous markets, such as materials processing, communications, medical and scientific, and research.

For more information, visit www.ipgphotonics.com.

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