The laser company Coherent (headquartered in California), has had some uncertainty as of late in its key application area of organic LED (OLED) display production. But despite this hiccup, and falling stock prices, it’s reported a 14% year-on-year rise in revenues for the latest financial quarter. There’s been increased demand in several end markets for high-power fiber lasers in metal cutting applications, and the company, according to CEO John Ambroseo, has seen “tremendous growth” in metal Additive Manufacturing. The company made the recent decision to enter the metal 3D printing market with its acquisition of German company O.R. Laser Technology (OR Laser), well-known for its flexible ORLAS CREATOR metal 3D printer.
“Many of the existing tool providers in metal AM are providing process development services and encoding the parameters into their tools. While this may ensure reproducibility and quality, it creates a log-jam for innovation.”
-John Ambroseo, CEO of Coherent-
The CEO said about the company’s acquisition,
“Industry data shows that metal AM machine unit sales grew 80 per cent in 2017 versus 2016.
Since reaching an all-time high of nearly $330 in January 2018, Coherent’s stock price has nearly halved in value – despite the laser firm continuing to post solid-looking financial results.
Find Metal 3D Printer Manufacturers on AdditiveNews Business Directory.
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3DPRINT.com Sarah Saunders May 4th, 2018 Coherent Acquires German OR Laser https://3dprint.com/212495/3d-printing-news-briefs-5-4-2018/
Coherent logo http://logosandbrands.directory/listing/coherent-inc/ visited on May 5th, 2018;
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