Executive Summary
SPI Lasers plc is a leading designer and manufacturer of optical fibre-based lasers that are currently used in a wide range of industries. The current product family is used to mark, weld, and cut materials used in the manufacture of a range of products. The platform technology being developed to raise laser power levels for use in the macro manufacturing sectors is expected further to widen the markets served by the Group to include aerospace, automotive and white goods manufacture. Among new markets in prospect, as higher-power lasers are deployed, is defence, and the Group is currently involved in this sector through contracted development work with a number of companies and government agencies. The Group has a strong network of international distributors. In Europe the international distributor is BFI Optilas, one of the region's largest distributors of specialist products in the electronics and photonics markets. Outside Europe, the Group's products are distributed on an exclusive basis in China, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. Founded in 2000 on technology developed by the University of Southampton's Optoelectronics Research Centre, the business is based in Southampton.
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