nLIGHT Expands Offerings to Directed Energy Market with Acquisition of Nutronics
“The acquisition of Nutronics complements nLIGHT’s current directed energy offerings, opening a significantly larger portion of the technology value stack in this attractive growth market,” commented
Nutronics builds upon nLIGHT’s current directed energy offerings, which encompass industry leading semiconductor laser and fiber laser technologies. Adding Nutronics’ capabilities in developing and demonstrating key solutions essential to high-power applications opens significant new addressable market for nLIGHT. Nutronics’ expertise in beam combination and beam control are foundational to the continued development of HEL systems and the evolution of the directed energy market from the lab to the field.
“Joining the nLIGHT team will enable Nutronics to accelerate our ongoing work in supporting HEL development and better positions the company to execute on our recent contract awards,” commented
The acquisition of Nutronics is projected to add between
In conjunction with the transaction, nLIGHT’s Board of Directors authorized nLIGHT to repurchase up to
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Certain statements in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Words such as “expected,” “intended,” “estimates,” and similar expressions may identify these forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the expected growth rate and addressable opportunity of the directed energy laser market, the effect of any share repurchases we make, the expected revenue contribution of the Nutronics acquisition, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements, including but not limited to: (1) our ability to generate sufficient revenues to achieve or maintain profitability in the future, (2) fluctuations in our quarterly results of operations and other operating measures, (3) downturns in the markets we serve could materially adversely affect our revenues and profitability, (4) our high levels of fixed costs and inventory levels may harm our gross profits and results of operations in the event that demand for our products declines or we maintain excess inventory levels, (5) the competitiveness of the markets for our products, (6) our substantial sales and operations in
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Source: nLIGHT, Inc.