DGAP-News

ROFIN Acquires FiLaser's Assets Including Its Unique Laser Cutting Technology

DGAP-News: Rofin-Sinar Technologies Inc. / Key word(s): Contract
ROFIN Acquires FiLaser's Assets Including Its Unique Laser Cutting
Technology

28.02.2014 / 14:01

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- PRESS RELEASE -

ROFIN Acquires FiLaser's Assets Including Its Unique Laser Cutting
Technology

PLYMOUTH, Michigan/PORTLAND, Oregon, February 28, 2014 - ROFIN-SINAR
Technologies Inc. (ROFIN), one of the world's leading developers and
manufacturers of laser sources and laser-based solutions and FiLaser USA
LLC. (FiLaser), Portland, Oregon, specialists in developing and designing
singulation processes for brittle materials, announce that they have
entered into an Asset Purchase Agreement, under which ROFIN will acquire
the assets of FiLaser and subsidiaries. The transaction contains all
intellectual property including trademarks, know-how, patents and patent
applications of FiLaser. The transaction, which is subject to customary
closing conditions, is expected to close in March 2014.

"We are proud that FiLaser selected ROFIN to market this technology. With
the signing of the Asset Purchase Agreement, we are able to upgrade and
complement our comprehensive ultra-short pulse laser offering with a
specialized unique technology for the cutting of brittle materials, like
glass and sapphire. The commercialization of this technology is an
important step for the industry in improving the cutting performance of
these materials and subsequently the wider use of laser technology," said
Günther Braun, President and CEO of ROFIN. "We look forward to further
developing and applying this technology to a broader range of materials."

Jeffrey Albelo, CEO and Chairman of FiLaser, also commented on the
transaction: "ROFIN is an ideal technology commercialization vector,
bringing scale, experience and integration prowess to bear on the problems
of technology development and dissemination. We believe the nexus of
FiLaser innovation and ROFIN expertise in systems and lasers to be a
winning combination. It enables optimal capture in the broadest market
cross-section and greatly improves the adoption profile. We expect great
things and we are excited to have our technology become a part of the ROFIN
technology portfolio."

With over 35 years of experience, ROFIN-SINAR Technologies is a leading
developer, designer, and manufacturer of lasers and laser-based system
solutions for industrial material processing applications. The company
focuses on developing key innovative technologies and advanced production
methods for a wide variety of industrial applications based on a broad
scope of technologies. The product portfolio ranges from single laser-beam