IPG Photonics Corp (NASDAQ:IPGP)

IPG Photonics Corp. develops and manufactures a broad line of high-performance fiber lasers, fiber amplifiers and diode lasers that are used for diverse applications, primarily in materials processing, advanced technologies, telecommunications and medical applications. The company sells its products globally to original equipment manufacturers, system integrators and end users in a wide range of diverse markets that have the in-house engineering capability to integrate its products into their own systems. It designs and manufactures components used in its finished products, from semiconductor diodes to optical fibers and other components, finished fiber lasers and amplifiers. The company also manufactures certain complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical heads and chillers. IPG Photonics was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.