StockerYale Awarded Contract from BAE SYSTEMS for Custom Lasers

„Company’s Lasers Will Be Integral Part of Airborne Countermeasure System\r\n
\r\nFriday October 11, 9:30 am ET\r\n
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\r\nSALEM, N.H.–(BUSINESS WIRE)–Oct. 11, 2002–StockerYale, Inc. (NASDAQ: STKR – News), an independent supplier of photonics-based products, has been awarded a contract from BAE SYSTEMS to supply custom-designed thermoelectrically cooled lasers for their Advanced Threat Infrared Countermeasures (ATIRCM) system.“;“StockerYale will initially supply several specialized lasers to the Nashua, N.H.-based Information & Electronic Warfare Systems (IEWS) business unit in the fourth quarter of 2002, with the opportunity for long-term deliveries through 2020.\r\n
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\r\nBAE SYSTEMS‘ ATIRCM is the next-generation countermeasure to protect military aircraft from infrared-guided missiles. The system is currently designated for installation on the U.S. Army AH-64, UH-60, CH-47, EH-60, and various other aircraft.\r\n
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\r\n\“We are proud to be chosen as a key partner in this important program to protect our military pilots,\“ said Luc Many, StockerYale’s senior vice president of sales and marketing, Illumination Products. \“We worked with BAE SYSTEMS for nearly six years to develop a laser that met the program specifications, and are excited about the potential for new business opportunities with them.\“\r\n
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\r\nMany continued, \“This win underlines our strategic objective of positioning the Lasiris(TM) brand laser into the military and biomedical markets. Our extensive experience in optics and the ability to customize our lasers to a customer’s specific application sets us apart from many of our competitors, allowing us to pursue opportunities within these niche markets.\“\r\n
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