15 June 2006

Former Coherent CEO Henry Gauthier joins IPG board of directors

Henry E. Gauthier, the former chairman and chief executive officer of Coherent, Inc. has joined the IPG Board of Directors. Mr. Gauthier helped to build Coherent, Inc. into the premier laser manufacturing company in the industry. "I am very pleased to welcome such an experienced and renowned laser industry executive to IPG's Board," said Dr. Valentin Gapontsev, IPG's founder and chief executive officer. "Hank helped grow Coherent from an $8 million company to a $600 million worldwide leader in laser technology. His vast knowledge of the laser business and his tremendous success in growing Coherent will be invaluable as we take IPG to the next level."

"IPG has impressive fibre laser technology and has been very successful in bringing its innovative laser products to market," said Mr. Gauthier. "I look forward to leveraging my experience and skills as the IPG team grows the company."

Contact: Tim Mammen

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