II-VI Incorporated (Nasdaq: IIVI) has secured a multimillion-dollar contract from the U.S. IARPA to develop advanced lithium batteries under the RESILIENCE program. This partnership with EaglePicher Technologies aims to create portable power solutions for challenging environments. II-VI's innovative cathode technology promises to enhance energy storage density and improve charging rates while eliminating cobalt usage. The technology is anticipated to cater to various sectors, including automotive, clean energy, and consumer electronics.
Windstream Wholesale has partnered with II-VI to co-develop innovative 400G transceivers aimed at transforming the optical network landscape. This collaboration is set to significantly reduce costs, power consumption, and network complexity, making 400G the standard for large clients. The new transceivers will simplify network architectures by allowing direct connections, eliminating extra optical equipment. The technology promises increased density and a streamlined approach, bolstering Windstream's competitive edge in the optical solutions market.
II-VI has announced that it is now powering all its European facilities with 100% renewable electricity. This initiative spans across 12 sites in six countries, covering 615,000 square feet. II-VI is purchasing approximately 38 million kWh annually, reducing annual CO2 emissions by around 5,800 metric tons. Globally, 14 of 24 sites utilize renewable sources, accounting for over 20% of the company's electricity needs in the U.S. and Europe, with plans for further expansion into Asia.
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II-VI Incorporated (Nasdaq: IIVI) announced its participation as a founding member of the SmartTunable Multi-Source Agreement (MSA) Group, aimed at developing wavelength-tunable transceivers. This collaboration will lead to self-tuning optics, enhancing operational efficiency for users by reducing deployment complexity and technician time. According to Dr. Lee Xu, this standardization will support the acceleration of dense wavelength division multiplexing (DWDM) system deployments essential for high-speed wireline and 5G services.
II-VI Incorporated (Nasdaq: IIVI) announced its participation in the Citi 2021 Virtual Technology Conference, scheduled for September 13, 2021, at 9:40 a.m. ET.
The presentation will feature Dr. Chuck Mattera, CEO, and Mary Jane Raymond, CFO, of II-VI. A live audio webcast will be available on the company's website, with a replay accessible post-event.
II-VI Incorporated (Nasdaq: IIVI) has announced participation in the 2021 Deutsche Bank Virtual Technology Conference on September 9, 2021, at 8:30 a.m. ET. The presentation will feature Dr. Chuck Mattera, CEO, and Mary Jane Raymond, CFO. A live audio webcast will be accessible via the company's Investors section. A replay will be available post-event. II-VI, headquartered in Saxonburg, Pennsylvania, specializes in engineered materials and optoelectronic components across various markets including communications and automotive.
II-VI Incorporated (Nasdaq: IIVI) has announced leadership changes following its annual shareholder meeting in November 2021. Francis J. Kramer will shift to Chair Emeritus from Board Chair, with Dr. Vincent D. Mattera, Jr. succeeding him as the new Chair. This transition is positioned to guide the company through upcoming changes, particularly the integration with Coherent, Inc. Kramer has a rich history with II-VI, serving various roles including President and CEO. The leadership evolution aims to leverage Dr. Mattera's extensive knowledge as the company navigates its growth trajectory.
II-VI Incorporated (Nasdaq: IIVI) will present at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 4:00 p.m. ET. The event will be held virtually, and key participants include Dr. Sung Joon Kim and Mark Lourie, both executives of the company. A real-time audio webcast of the presentation will be accessible on the II-VI investor relations website, with a replay available afterward. The company is recognized globally for its engineered materials and optoelectronic components, serving various markets including communications and automotive.