Powerlase Ltd, manufacturers of the world’s most powerful diode-pumped solid state (DPSS) lasers is expanding its operations, including occupying an extra 12,800 sq feet space in a new building to increase capacity threefold during 2006, to cope with escalating demand from customers.
The expansion follows the laser innovator’s impressive 233% growth year-on-year and the company being listed as fifth fastest growing venture capital-backed company in the UK.
Powerlase has seen a rapid growth in demand for its lasers as industries are recognising their use in a wider range of applications. As a result, it has recently occupied an additional 1190 m2 building of which more than 50% will be dedicated to assembly, alignment and testing. Part of the area will also be used to extended reliability testing of components and laser systems. The new space will also enable Powerlase to increase its manufacturing capacity by around 300% over 2006 with the capability of further expansion in 2007 and beyond.
"We are showing tremendous growth through our ongoing commitment to product innovation and quality customer service," said Tony King, Powerlase Executive Director and COO. "Our expansion reflects wider industry recognition of the use of lasers in manufacturing and is a direct response to our leading position as a primary supplier of high power lasers in the field of ITO ablation in the Flat Panel Display (FPD) industry."
"We are continuing to invest heavily in research and development to make sure that the giant strides made to date continue into the future. Our expansion plans include the development of several dedicated applications and development labs which will be announced shortly."
Contact: Annette Jones