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II-VI Incorporated (IIVI)

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Previous Close82.51
Open83.49
Bid84.48 x 1100
Ask85.66 x 800
Day's Range82.16 - 85.86
52 Week Range19.00 - 100.44
Volume1,078,218
Avg. Volume1,449,749
Market Cap8.831B
Beta (5Y Monthly)1.57
PE Ratio (TTM)47.02
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • II-VI Incorporated to Double Manufacturing Capacity of Optical Filters for PCR Instrumentation and 5G Optical Access Over a Five-Year Investment
    GlobeNewswire

    II-VI Incorporated to Double Manufacturing Capacity of Optical Filters for PCR Instrumentation and 5G Optical Access Over a Five-Year Investment

    PITTSBURGH, Feb. 26, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of precision optics for life sciences and optical networks, today announced that it will begin the expansion of its manufacturing footprint in Santa Rosa, California, with a plan to double over the next five years its manufacturing capacity of optical filters for polymerase chain reaction (PCR) instrumentation and 5G optical access networks. The rapid growth in PCR testing for COVID-19 and the ongoing buildout of the 5G optical access infrastructure are simultaneously driving the demand for optical filters with high performance and reliability, necessitating sustained multiyear investments in production capacity. II-VI initiated the buildout of recently secured manufacturing space in Santa Rosa, and began procuring manufacturing equipment, including coating chambers, to double manufacturing capacity over the next five years. “We would like to thank the inventors, designers, manufacturers, and operators of PCR test systems whom, we estimate, enabled hundreds of millions of PCR tests that helped mitigate the global spread of COVID-19,” said Dr. Chuck Mattera, Chief Executive Officer, II-VI Incorporated. “We were proud in 2020 to focus on our contributions to the global PCR testing capacity with our state-of-the-art filter coatings capabilities. Now, in 2021, we are doubling down on our pledge to support the growth of PCR testing over the next five years. I would also like to take this opportunity to thank the inventors, manufacturers, distributors, and administrators of the COVID-19 vaccines for their expeditious work to help us overcome this disease.” II-VI’s optical filters for life sciences and telecom exceed the stringent spectral performance requirements demanded by these applications. II-VI’s optical filters leverage automated testing for high-volume manufacturing. They are also qualified for undersea communications, demonstrating their ultrahigh reliability. About II-VI Incorporated II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com. CONTACT:Mark Lourie Vice President, Corporate Communications corporate.communications@ii-vi.com www.ii-vi.com/contact-us

  • II-VI Incorporated Unveils VCSEL Flood Illuminator Modules for Driver and Occupancy Monitoring Systems in Vehicles
    GlobeNewswire

    II-VI Incorporated Unveils VCSEL Flood Illuminator Modules for Driver and Occupancy Monitoring Systems in Vehicles

    PITTSBURGH, Feb. 25, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of semiconductor lasers and micro-optics for consumer electronics, today announced its vertical cavity surface emitting laser (VCSEL) flood illuminator modules for driver and occupancy monitoring systems in vehicles. U.S. and European transportation safety regulators are increasingly recommending or requiring driver and occupancy monitoring systems in vehicles, spurring the demand for next-generation 2D and 3D infrared cameras designed with higher-performance infrared illuminators. II-VI’s new VCSEL flood illuminator modules emit higher optical power and with a narrower spectral width than infrared LEDs currently used in existing driver monitoring systems, enabling substantial improvements in system performance. The infrared light emitted from II-VI’s flood illuminator modules can be modulated to frequencies greater than 100 MHz, making them ideal for 3D time-of-flight cameras for driver and occupancy monitoring systems. “Our new VCSEL flood illumination modules integrate VCSEL chips, photodiodes, and diffuser optics, achieving a greater level of vertical integration and value for our customers,” said Dr. Julie Eng, Sr. Vice President, Optoelectronic & RF Devices Business Unit. “We leveraged our in-house 6-inch GaAs technology platform to successfully scale production of our VCSEL arrays for consumer electronics, and we look forward to ramping production of flood illumination modules for in-cabin sensing in automotive as the demand grows.” II-VI’s VCSELs achieve very high power-conversion efficiency and are available with up to 2.5 W or 5 W of continuous power output. The flood illuminator modules are available in surface-mount packages integrated with diffuser optics with either a narrow (60° x 45°) or wide (110° x 85°) field of view. The modules are expected to be AEC-Q102 certified for automotive applications in the second quarter of calendar 2021. II-VI’s broad portfolio of products for sensing includes infrared VCSEL chips with one or up to hundreds of elements. II-VI also offers thin-film filters and diffractive optical elements (DOEs), including lenses, micro-lens arrays, diffusers, and splitters, that are produced at wafer-scale for high-volume applications. II-VI will showcase its broad product line of lasers and optics for 3D sensing at the 2021 SPIE Photonics West Digital Forum, March 6-11, 2021. About II-VI Incorporated II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com. CONTACT: Mark LourieVice President, Corporate Communicationscorporate.communications@ii-vi.com www.ii-vi.com/contact-us

  • II-VI Incorporated Introduces Ceramic YAG Optical Materials for Solid-State Lasers in Automotive LiDAR
    GlobeNewswire

    II-VI Incorporated Introduces Ceramic YAG Optical Materials for Solid-State Lasers in Automotive LiDAR

    PITTSBURGH, Feb. 22, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and laser optics, today announced the introduction of its ceramic YAG (yttrium aluminum garnet) platform for solid-state lasers and optical components. The growing adoption of advanced driver-assistance systems (ADAS) in next-generation vehicles is spurring the development of LiDAR systems that can provide high-resolution mapping of a vehicle’s surrounding scene, hundreds of meters away, with components that can be produced reliably, consistently, and at scale. II-VI’s new ceramic YAG is based on a proprietary production process that is more scalable than crystalline YAG. Ceramic YAG is ideal for optical windows, and II-VI’s proprietary ceramic-doping process achieves very high doping uniformity and repeatability, enabling solid-state laser materials such as neodymium-doped YAG for the gain medium and chromium-doped YAG for the Q-switch. “As a global leader in engineered materials, II-VI drives innovation in both ceramic and crystalline optical materials to enable us to tailor a broad range of physical properties that will lead to emerging laser applications,” said Steve Rummel, Sr. Vice President, Engineered Materials and Laser Optics Business Unit. “Unlike crystalline YAG, ceramic YAG enables us to scale production to meet customer demands while maintaining very tight tolerances in doping uniformity, enhancing the competitiveness of solid-state lasers in long-range automotive LiDAR.” Starting from synthesized YAG powder, II-VI leverages its vertically integrated manufacturing process, including doping, forming, casting, densification, optical polishing, thin-film coating, and optical testing, to produce ceramic YAG laser optics of the highest quality and up to 100 mm in size, or about four times larger than in crystalline YAG, also enabling high-energy, solid-state laser applications in satellite communications and directed energy. II-VI’s broad portfolio of products for long-range lasers includes coherent beam combiners, laser diode bars, laser gain crystals, nonlinear crystals, high-energy windows and coatings, and laser cavity optics. II-VI also offers reaction-bonded ceramic materials with industry-leading thermal conductivity for applications requiring efficient heat dissipation. II-VI will showcase its broad product line of optics and lasers at the 2021 SPIE Photonics West Digital Forum, March 6-11, 2021. About II-VI Incorporated II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com. CONTACT: Mark Lourie Vice President, Corporate Communications corporate.communications@ii-vi.com www.ii-vi.com/contact-us