IPG Photonics Net Worth is$514 M Sales
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| Company Name: IPG Photonics Corporation / company logo
IPG Photonics is a manufacturer of fiber lasers and fiber amplifiers. The company was founded in Russia, but is now headquartered in Oxford, Massachusetts, and operates internationally. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy, and regional sales offices in many countries.
Fiber lasers consist of a special optical fiber whose core has been infused with rare-earth ions which create optical gain when pumped by a laser diode. They can produce beams with good quality and high output power from a compact device, with long life, high energy efficiency, and lower total cost of ownership than comparable conventional lasers.[citation needed] Fiber lasers are replacing conventional lasers in many applications.
IPG was founded in 1990 by physicist Valentin P. Gapontsev, a pioneer in the field of fiber lasers. Dr. Gapontsev has received numerous awards, including an Engineering Excellence Award from the Optical Society of America in 1999, and an Ernst & Young New England Entrepreneur of the Year Award in 2006. In 2009, the Laser Institute of America recognized him with the Arthur L. Schawlow Award as "the father of the fiber-laser industry as it is known today," and in 2010, he was awarded the Russian Federation National Award in Science and Technology, "for his set of innovative designs and his creation of high-quality production of fibre lasers and fibre optic backbone and local connection systems."
In the beginning, IPG made and sold customized glass and crystal lasers, wireless temperature meters for hyperthermy and laser components. In 1992, the company began focusing exclusively on the development of high-power fiber lasers and amplifiers.
The firm received its first major contract from telecommunications carrier Italtel. IPG then won a s

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IPG Photonics Latest News

Industrial Fiber Laser Market 2018-2025: Top Players Are GSI, NLIGHT Corporation, Coherent, Rofin, Fujikura, Raycus, Spectra-Physics, IPG Photonics

The study segments the Industrial Fiber Laser industry in light of major classification such as product type, potential markets, application, and end-user. This press release was orginally distributed ...
Posted: December 7, 2018, 5:08 pm

IPG Photonics Announces Agreement to Acquire Genesis Systems Group

Genesis a leader in the integration of robotic welding and automation solutions OXFORD, Mass., Nov. 05, 2018 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has si...
Posted: November 5, 2018, 5:24 am

IPG Photonics reports 13% dip in Q3 profits

Shares of Oxford laser manufacturer IPG Photonics dropped more than 11 percent to start trading Tuesday as the company reported a 9-percent dip in year-over-year revenue and 13-percent decline in prof...
Posted: October 30, 2018, 8:16 am
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