PROFILE |
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IPG Photonics lights up everything from switchboards to welding torches. The company's fiber-optic signal amplifiers, fiber lasers, and pump lasers, which are used in telecommunications networks to enable voice and data transmission over optical lines, account for more than 75% of its sales. IPG also provides fiber lasers for such industrial applications as high-speed commercial printing, welding, drilling, micromachining, and medical imaging. The company sells primarily in the US and Europe to customers including TeraBeam, Marconi, Lucent Technologies, GSI Lumonics, and Siemens. Founder, chairman, and CEO Valentin Gapontsev owns 76% of IPG.
COMPETITION |
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Corning Incorporated (GLW)
The Furukawa Electric Co., Ltd. (FUWAY)
Lucent Technologies Inc. (LU)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 52.10
1-Yr. Sales Growth: 179.5%
Employees: 202
Revenue per employee: $257,920.79
KEY PEOPLE |
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Valentin P. Gapontsev
CEO
Timothy P. V. Mammen
CFO
CONTACT INFO |
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660 Main St.
Sturbridge, MA 01566
US
Phone: 508-347-6800
Fax: 508-347-6838
Online: Web Site
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