Profile: II-VI Inc (IIVI.OQ)

IIVI.OQ on NASDAQ Stock Exchange Global Select Market

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II-VI Incorporated (II-VI), incorporated in 1971, develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications. The Company’s products are supplied to manufacturers and users in a range of markets, including industrial, military, telecommunications, photovoltaic and medical. II-VI focuses on providing components to its customers’ assembly lines for products, such as high-power laser material processing systems, military fire control and missile guidance devices, fiber optics and wireless communication systems, photovoltaic systems, medical diagnostic systems and industrial, commercial and consumer thermal management systems. It develops, manufactures, refines and markets infrared and near-infrared laser optical elements, military infrared optical components, telecommunication components, selenium and tellurium metals and chemicals, thermoelectric cooling and power generation systems and single crystal silicon carbide (SiC) substrates. II-VI consists of four segments: Infrared Optics, Near Infrared Optics, Military and Materials, and Advanced Products Group. In July 2011, it acquired Aegis Lightwave, Inc. In December 2012, the Company acquired LightWorks Optics, Inc. In January 2013, the Company's subsidiaries Aegis Lightwave and Photop Technologies were merged under the Photop brand identity.

Infrared Optics

II-VI supplies a range of precision infrared optical components, such as lenses, output couplers, windows and mirrors for use in carbon dioxide (CO2) lasers. The Company’s precision optical components are used to attenuate the amount of laser energy, improve the properties of the laser beam and focus and direct laser beams to a target work surface. The optical components include both reflective and transmissive optics and are made from materials such as zinc selenide (ZnSe), zinc sulfide (ZnS), copper, silicon, gallium arsenide and germanium. Transmissive optics used with CO2 lasers are made from ZnSe.

One-Micron Laser Components

The supplies an array of tools for laser materials processing, including modular laser processing heads for fiber lasers, YAG lasers and other one-micron laser systems. It also manufactures beam delivery systems, including fiber optic cables and modular beam systems.

Near-Infrared Optics

II-VI manufactures products across a range, including Ultra Violet (UV), Visible and Near-Infrared. The Company offers a range of standard and custom laser gain materials, optics and assemblies for telecommunications, military, medical, industrial, scientific and research and development laser systems. Laser gain materials are produced to stringent industry specifications and precisely fabricated to customer demands. It manufactures waveplates, polarizers, lenses, prisms and mirrors for visible and near-infrared applications, which are used to control or alter visible or near-infrared energy and its polarization. In addition, it manufactures coated windows used as debris shields in the industrial and medical laser aftermarkets.

The Company offers fiber optics and micro optics and photonic crystal parts for optical communications, optical and photonic crystal parts for instrumentation and laser applications, optical components and functional modules for optical communication networks, and diode pumped solid-state laser devices for optical instruments, display and biotechnology. Its Near-Infrared Optics segment also produces components for UV Filters used in early warning missile detection.

Military Infrared Optics

II-VI offers optics and optical subassemblies for infrared systems, including thermal imaging, night vision, targeting and navigation systems. The Company’s product offering is consists of missile domes, electro-optical windows and subassemblies, imaging lenses and other components. Its precision optical products utilize infrared optical materials, such as Sapphire, Germanium, Zinc Sulfide, Zinc Selenide, Silicon, and Spinel. In addition, its products also include visible and crystalline materials, such as Calcium Fluoride, Barium Fluoride and Fused Silica. Its products are utilized on the F-35 fighter jet, Apache Attack Helicopter, Joint Strike Fighter and ground vehicles, such as the Abrams M-1 Tank and Bradley Fighting Vehicle.

Material Processing and Refinement

The Company’s product offering includes selenium and tellurium metals and chemicals in a variety of purity levels and forms. The Company’s product offerings are 6H-SiC (semi-insulating) and 4H-SiC (conducting) poly-types and are available in sizes up to 100 millimeter diameter. SiC substrates are used in wireless infrastructure, radio frequency (RF) electronics, power conversion and power switching industries.

Thermoelectric Modules and Assemblies

II-VI supplies an array of thermoelectric modules and related assemblies to various market segments. In the defense market, Thermoelectric modules (TEMs) are used in guidance systems, smart weapons and night vision systems, as well as soldier cooling. TEMs are also used in products providing temperature stabilization for telecommunication lasers that generate and amplify optical signals for fiber optic communication systems.

The Company also produces and sells a range of solutions from thermoelectric components to complete sub-assemblies used in the medical equipment market and other industrial and commercial applications. Thermoelectric modules, used as power generators are also applied in a range of end-use applications. It offers single-stage TEMs, micro TEMs, multi-stage TEMs, planar multi-stage TEMs, extended life thermocyclers, thermoelectric thermal reference sources, power generators and thermoelectric assemblies.

The Company competes with Sumitomo Electric Industries, Ltd., Newport Corporation., Optoskand AB , Precitec, Inc, Northrop Grumman Corporation, CVI Melles Griot, O-Net Communications, OPLINK Communication, Axsun, DRS Technologies, Inc., Goodrich Corporation, Umicore, Komatsu, Ltd., Laird Technologies, Ferrotec Corporation, Cree, Inc., Dow Corning Corporation, Nippon Steel, Bridgestone and SiCrystal AG.

Company Address

II-VI Inc

375 Saxonburg Blvd.
SAXONBURG   PA   16056-9499
P: +1724.3524455
F: +1724.3525284

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