SilverArrow Capital Advisors LLP Intends To Nominate Three Directors At Rofin-Sinar Technologies Inc. 2016 Annual Meeting Of Stockholders

LONDON, Oct. 8, 2015 /PRNewswire/ -- SILVERARROW CAPITAL ADVISORS LLP ISSUED THE FOLLOWING OPEN LETTER TO STOCKHOLDERS OF ROFIN-SINAR TECHNOLOGIES INC. (NASDAQ: RSTI, FRANKFURT STOCK EXCHANGE, RSI) AND ANNOUNCED ITS INTENT TO NOMINATE DIRECTORS AT THE 2016 ANNUAL MEETING OF STOCKHOLDERS.

Dear Fellow Stockholders,

We, SilverArrow Capital Advisors LLP ("SilverArrow"), are writing to you as one of the largest stockholders of Rofin-Sinar Technologies Inc. ("Rofin" or the "Company", NASDAQ: RSTI, Frankfurt Stock Exchange: RSI).

By way of background, we currently beneficially own over 9%[1] of Rofin's outstanding shares and have owned shares of Rofin for over a year.  We plan to be long-term stockholders of Rofin.  While we believe that the Company has great potential in a growing market, it is apparent to us that the Company's current board of directors (the "Board") and management team have not made the proper strategic and operational decisions to unlock value for all stockholders.

Rofin's stock has significantly underperformed over the past one, three and five-year periods when compared to its peer group and broader indices.  We attribute the market's substantial discount to Rofin's misguided strategy, poor board oversight and ineffective management.  Rofin has lost relative market share, is burdened with numerous corporate inefficiencies, has missed out on growth opportunities and has not properly deployed capital.  Additionally, we believe Rofin's long-tenured board (15 year average)[2] lacks the true independence needed to serve the interests of its stockholders.  The Board has engaged in related party transactions and is comprised of individuals with long-standing personal and professional relationships that lead them to operate in their own interests (and not those of the stockholders as a whole).  We believe we have a clear roadmap for change and value creation for stockholders.  New directors are needed to help refocus Rofin and add fresh perspectives with a greater focus on stockholder accountability, while implementing a strategic review and focusing on higher growth segments of the market, initiating a sales and marketing restructuring program, an operational excellence program, improving governance practices and properly deploying capital.