IPG Photonics develops and manufactures high-performance fiber lasers and amplifiers for diverse applications in numerous markets. Founded in 1990, IPG Photonics pioneered the development and commercialization of optical fiber-based lasers, which are a new generation of lasers that combine the advantages of semiconductor diodes with the high amplification and precise beam qualities of specialty optical fibers. Because these lasers deliver superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, fiber lasers are displacing traditional lasers in many current applications and enabling new applications for lasers.
IPG manufactures a broad line of fiber lasers that are used in numerous markets for very diverse applications. The principal market is materials processing. Other markets include communications, medical and advanced. IPG's products are used to make the products or provide the services that touch your life in many different ways each day, from razor blades that our products weld, to cars you drive made with robotic laser welding, to the computers containing semiconductors and disk drives that our lasers are used to manufacture, to the aircraft that our products weld, to the magazine you read printed with the help of our lasers, to the broadband service delivered to your home. Our lasers are also used in skin rejuvenation, such as wrinkle removal.
When was IPG founded?
IPG was founded in 1990.
What is the Company's growth strategy?
IPG's growth strategy is to:
Continue to displace existing non-laser technologies
Target new applications for fiber lasers
Expand product portfolio and develop systems business
Expand global reach
What are the advantages of fiber lasers?
Fiber lasers from IPG offer a combination of benefits to customers. The benefits stem from the all solid-state design of fiber lasers that use semiconductor diodes as the light source to pump specialty optical fibers infused with rare earth ions. Benefits include:
Superior performance over the entire power range
Lower total cost of ownership due to lower maintenance costs, high reliability and energy efficiency
Ease of use from the all solid state and integrated fiber delivery
Compact size and portability
Choice of wavelengths and precise beam control
Where is IPG located?
IPG Photonics is located in Oxford, Massachusetts and has additional plants and offices throughout the world.
What is the Company's ticker symbol and where is the stock traded?
IPG Photonics' stock is traded on the Nasdaq Global Market under the symbol "IPGP."
What products does IPG offer?
We design and manufacture a broad range of high-performance optical fiber-based lasers and amplifiers. We also make packaged diodes, direct diode laser systems and communications systems that utilize our optical fiber-based products. Many of our products are designed to be used as general purpose energy or light sources, making them useful in diverse applications and markets. Our laser products include low (1 to 99 watts), medium (100 to 999 watts) and high (1,000 watts and above) output power lasers from 0.5 to 2 microns in wavelength. These lasers may be either continuous wave or may be modulated at different rates. We offer several different types of lasers, which are defined by the type of gain medium they use. These are ytterbium, erbium, thulium and Raman. We also sell fiber pigtailed packaged diodes and fiber coupled direct diode laser systems that use semiconductor diodes rather than optical fibers as their gain medium. In addition, we offer high-energy pulsed lasers, multi-wavelength lasers, tunable lasers, single-polarization and single frequency lasers, as well as other versions of our products. Our amplifier products range from milliwatts up to 1,500 watts of output power from 1 to 2 microns in wavelength. We offer erbium-doped fiber amplifiers, commonly called EDFAs, Raman amplifiers and integrated communications systems that incorporate our amplifiers.
Who are IPG's customers?
We have a broad customer base with hundreds of customers worldwide. We sell our products globally to OEMs, system integrators and end users in a wide range of diverse markets who have the in-house engineering capability to integrate our products into their own systems.
How are IPG's products sold and distributed?
We market our products internationally primarily through our direct sales force and also through agreements with independent sales representatives and distributors. We have sales offices in the United States, Germany, Russia, Italy, China, Japan, South Korea, Singapore, India, France, and the United Kingdom. IPG's independent sales representatives and distributors are located in the United States, Russia, Japan, Brazil, Mexico and other parts of the world.
What is IPG's competitive advantage?
We believe that we have several competitive strengths, including:
Differentiated Proprietary Technology Platform
Leading Market Position
Breadth and Depth of Expertise
Vertically Integrated Development and Manufacturing
Diverse Customer Base, End Markets and Applications
Broad Product Portfolio and Ability to Meet Customer Requirements
When does IPG's fiscal year end?
IPG Photonics' fiscal year ends on December 31.
How can I receive a copy of IPG Photonics' financial statements?
IPG Photonics' financial statements are available for viewing in the "SEC Filings" section of its investor relations website. To receive a hard copy of the Company's financial statements, please visit the "Investor Contact" section of the site and complete the electronic form provided.
Does IPG Photonics have a dividend reinvestment program?
IPG Photonics does not currently make dividend payments or have a dividend reinvestment program.
When was the Company's initial public offering?
IPG Photonics completed its IPO on December 12, 2006.
How do I buy IPG Photonics' stock?
The Company's stock, listed on the Nasdaq Global Select Market, can be purchased through your broker or using an online investment service. IPG Photonics does not offer a direct stock purchase plan.