II-VI Incorporated has announced enhancements to its WaveShaper Programmable Optical Processor and Filter product lines, which are now operating five times faster and include a new network simulator function. These upgrades cater to the increasing demand for optical instruments that operate over the combined C+L wavelength range. The WaveShaper instruments have received positive recognition in the 2021 Annual Lightwave Innovation Reviews. The new products are available in single- and 4-port configurations, featuring a user-friendly web server interface.
II-VI Incorporated (Nasdaq: IIVI) has launched 100 Gbps indium phosphide (InP) directly modulated lasers (DMLs) aimed at enhancing high-speed optical transceivers in datacenters, driven by the rising demand for 400 and 800 GbE solutions. These DMLs offer superior modulation speed, high output power, and lower power consumption, making them preferable to traditional electro-absorption modulated lasers (EMLs). The technology results from significant R&D investments and has been validated through extensive field deployment. II-VI's innovative DMLs are designed for modern pluggable form factors.
II-VI Incorporated (Nasdaq: IIVI) will showcase its leadership at the OFC Virtual Conference from June 6-11, 2021. Key thought leaders, including Dr. Sanjai Parthasarathi and Dr. Martin Zirngibl, will speak on various panels covering topics in 3D sensing, LiDAR, and next-generation optical interfaces. The company will participate as a virtual exhibitor, displaying its extensive portfolio of optical communications and sensing solutions. Additionally, Dr. Giovanni Barbarossa will represent II-VI at the OIDA Executive Forum on June 3, discussing crucial industry issues.
II-VI Incorporated (Nasdaq: IIVI) announced its participation in the Cowen 49th Annual Technology, Media & Telecom Conference on June 1, 2021, at 11:10 a.m. ET. The event will be held virtually, featuring presentations from Dr. Chuck Mattera, CEO, and Mary Jane Raymond, CFO. Investors can access a real-time audio webcast through the Investors section of the II-VI website, with a replay available post-event. II-VI focuses on engineered materials and optoelectronic components across various sectors, including communications and aerospace.
II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 8:45 a.m. ET. The presentation will feature key executives including Dr. Chuck Mattera, Dr. Giovanni Barbarossa, and Mary Jane Raymond. Interested parties can access a real-time audio webcast via the Investors section of the II-VI website, with a replay available after the event.
II-VI Incorporated (NASDAQ: IIVI) and Coherent, Inc. (NASDAQ: COHR) have announced the filing and effectiveness of Form S-4 by the SEC for their proposed merger. Special meetings are scheduled for June 24, 2021, allowing shareholders to vote on the acquisition. The companies confirmed the expiration of the waiting period under the Hart-Scott-Rodino Act, a key regulatory condition for the merger. The transaction is expected to close by year-end 2021, pending shareholder and regulatory approvals.
II-VI Incorporated, a leader in engineered materials and optoelectronic components, will host a webcast for investors on May 20, 2021, from 10:00 a.m. to 12:00 p.m. ET. The event, titled “II-VI Advanced Markets & Technologies”, will include presentations from top executives and cover the company's innovation strategy and technology platforms. A live Q&A session will follow. For more details, visit www.ii-vi.com.
II-VI Incorporated (Nasdaq:IIVI) reported robust fiscal Q3 2021 results with revenue of $783.2 million, marking a 25% increase compared to the previous year. The company achieved a GAAP net income of $81.1 million and free cash flow of $341.6 million. A notable record backlog of $1.13 billion was reported, alongside significant expansions through a $410 million award from Apple and a planned acquisition of Coherent. The non-GAAP EPS stood at $0.91, reflecting strong operational performance, and the fourth quarter guidance projects revenue between $752 million and $802 million.
II-VI Incorporated (Nasdaq: IIVI) announced its participation in the Battery 500 Consortium workshop, showcasing its innovative lithium-sulfur/selenium cathode technology for lithium-ion batteries. Dr. Chris Koeppen, CTO, will present advancements from seven years of development. This technology aims to improve battery performance across various sectors, including transportation and consumer electronics, and is free of cobalt. The workshop will connect major battery end users and technology experts.
II-VI is also exhibiting at the Virtual Battery Exhibition until May 3, 2021.
II-VI Incorporated (Nasdaq: IIVI) announced a live webcast and conference call for its third-quarter results on May 6, 2021, at 9:00 a.m. EDT. The results will be shared before the market opens, and the event will feature key executives, including CEO Dr. Vincent D. Mattera, Jr. Participants can join via the company's website or by dialing in with a confirmation code. A replay will be available until May 7, 2021. II-VI is a leader in engineered materials and components for various industries, including aerospace, defense, and consumer electronics.