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IPG Photonics Corporation (IPGP)

3:17AM AEST: 15.16 USD  Up 0.56 (3.84%)  
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IPG Photonics Corporation
50 Old Webster Road
Oxford, MA 01540
Phone: 508-373-1100
Fax: 508-373-1103
Web Site: http://www.ipgphotonics.com

 DETAILS 
Index Membership:N/A
Sector:Technology
Industry:Semiconductor - Integrated Circuits
Employees (last reported count):1,420

 REUTERS ABRIDGED BUSINESS SUMMARY 
IPG Photonics Corporation manufactures fiber lasers and amplifiers for use in a range of markets, such as materials processing, advanced technologies, telecommunications, and medical applications. The company offers optical fiber-based lasers, which combine the advantages of semiconductor diodes with the high amplification and precise beam qualities of specialty optical fibers. It also offers packaged diodes, direct diode laser systems, and communications systems that utilize its optical fiber-based products. Its fiber-based lasers are used in materials processing applications, such as marking, printing, welding, cutting, micromachining, surface treatment, drilling, soldering, annealing, rapid prototyping, and laser-assisted machining. The company’s fiber lasers and amplifiers are utilized by commercial firms, and academic and government institutions for manufacturing commercial systems and for research in advanced technologies and products. In addition, IPG Photonics Corporation designs and manufactures a DWDM transport system, a range of fiber amplifiers, and Raman pump lasers that enhance data transmission in broadband access and DWDM optical networks. The company’s commercial fiber and diode lasers are incorporated into medical laser systems that address skin rejuvenation, skin resurfacing, and stretch mark removal applications; diode lasers are used dental, skin tightening, and fat melting procedures; and visible lasers are used in prostate, ophthalmic, dental procedures, and photodynamic therapies. It sells its products to original equipment manufacturers, system integrators, and end users through direct sales force and also through agreements with independent sales representatives, and distributors worldwide. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.
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     OFFICERS 
     PayExercised
    Dr. Valentin P. Gapontsev Ph.D., 70
    Founder, Chairman, Chief Exec. Officer, Pres of IPG Group and Managing Director of IPG Group
    $ 552.00K $ 0
    Mr. Timothy P. V. Mammen , 39
    Chief Financial Officer, Principal Accounting Officer and VP
    $ 368.00K $ 1.00M
    Mr. Angelo P. Lopresti , 45
    VP, Sec. and Gen. Counsel
    $ 368.00K $ 301.00K
    Dr. Eugene Shcherbakov Ph.D., 61
    Director and Managing Director of IPG Laser GmbH
    $ 470.00K $ 0
    Dr. Alexander Ovtchinnikov Ph.D., 48
    VP of Components
    $ 327.00K $ 766.00K
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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