StockerYale sells Stilson Machine Tool and Accessories division

OCTOBER 1--StockerYale Inc. (Salem, NH; www.stockeryale.com), a provider of phase masks, specialty optical fiber, and specialized illumination products, has sold its Stilson Die-Draulics division for $1.1 million

Oct 1st, 2001

OCTOBER 1--StockerYale Inc. (Salem, NH;www.stockeryale.com), a provider of phase masks, specialty optical fiber, and specialized illumination products, has sold its Stilson Die-Draulics division for $1.1 million. "The sale of this division represents the final divestiture of the company's legacy businesses and completes the transformation to an all-photonics-based company," said Mark W. Blodgett, StockerYale's chairman and chief executive officer.

"As we continue to make significant progress toward our vision of being an independent developer and manufacturer of optical subcomponents for the telecommunications industry and other photonics-related markets, the proceeds from this divestiture will be utilized to further our R&D efforts in these areas," Blodgett added.

More in Home