SALEM, N.H., Oct. 29, 2009 (GLOBE NEWSWIRE) -- StockerYale, Inc. (OTCBB:STKR), a leading designer and manufacturer of diode-based laser modules and LED systems for industrial OEMs, medical and defense markets, will unveil a new LED Line Light product range called LOTUS at the Vision 2009 show in Stuttgart, Germany, November 2-5, 2009, at Booth # 4C13.
Produced at the Company's new Cork, Ireland R&D and manufacturing facility, the LOTUS LED product line provides an alternative solution to fluorescent illumination used in a wide variety of machine vision applications. The LOTUS has a unique design which utilizes the latest LED technology combined with an integrated optical system to produce high performance line lights. The flexible design makes the LOTUS compatible with both back-lighting and front-lighting web applications, providing a broad and uniform beam which is consistent across webs as wide as 5 meters.
Mark W. Blodgett, Chairman & CEO of StockerYale, Inc., stated that "this new product line will allow us to address a much larger percentage of the line scan inspection market for illumination, which we estimate is currently in excess of $50 million per year. The line scan inspection market, which includes the inspection of steel, textiles, paper and glass, sources over 50,000 cameras per year. The trend is for these applications to require increasingly sophisticated, higher performance and longer lifetime illumination sources which the LOTUS line is specifically designed to meet. With the recent sale of the Company's North American operations, we will be devoting more resources to developing new LED based projects for both our traditional machine vision customers, as well as new opportunities in the medical & bio-medical markets," added Blodgett.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs. In addition, the Company distributes premium diodes for Opnext, Sanyo & Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-K and the Company's quarterly reports on Form 10-Q for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.