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Qioptiq to divest its polymer molding activity

Decision reflects focus on core optics & photonics activities

February 10, 2011

Qioptiq today announced that it has begun procedures which will lead to the divestiture of the molding portion of Qioptiq Polymer, Inc., located in La Verne, California in order to concentrate on its core optical and photonics business.  At the same time, Qioptiq announced that diamond-turning machines from its La Verne site will be transferred to its Rochester, NY facility in order to better serve its US defense customers.    

The assets of Qioptiq Polymer’s injection molding business will be sold to the current management.   Subject to the completion of necessary agreements and obtaining all necessary approvals, the parties expect that the transaction will close on or about the end of March 2011.   

The new activity, which will conduct business as Diverse Optics Inc., will remain in the existing facility in La Verne, California. Work for molding customers will continue to proceed in an uninterrupted fashion.   

Erik Fleming, future President of Diverse Optics, stated: “We welcome the opportunity to purchase this excellent company and look forward both to serving our existing customers and new customers for all their polymer molding requirements.”    

David Marks, Qioptiq’s CEO, added: “We wish Erik and his team success as they embark on this new adventure.   At the same time we are enhancing the ability of our Rochester facility to meet the requirements of our US defense customers.”  

Note to media: For more information about Qioptiq, contact media@qioptiq.com. Erik Fleming, future President of Diverse Optics Inc., can be reached at +1 (909) 593-9330, extension 11 or via Letty De La Cruz, at +1 (909) 593-9330, extension 13.


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