Aegis Lightwave Merges with Photop Technologies

  Aegis Lightwave Merges with Photop Technologies

Business Wire

WOBURN, Mass. & CANBERRA, Australia & FUZHOU, China -- January 7, 2013

Aegis Lightwave and Photop Technologies, both subsidiary companies of II-VI
Incorporated (NASDAQ: IIVI), today announced that they have merged under the
Photop brand identity. Aegis Lightwave, Inc., based in Woburn, MA, U.S.A. will
now operate as Photop Aegis Inc. Its subsidiary AOFR Pty Limited, based in
Canberra, Australia has been renamed Photop AOFR Pty Limited.

The merger will allow the affiliates to better serve an expanding and global
customer base with coordinated sales, marketing, applications engineering and
product development activities using the companies’ combined resources and
complementary expertise. The joint product portfolio of the combined companies
will be presented as one Photop product portfolio with each product carrying
the same brand identity.

“We are excited about the ability to leverage Photop’s strong brand identity
to accelerate the sales of our market leading optical channel monitors and
fused fiber devices in the global market,” said Chris Koeppen, General
Manager, Photop Aegis.

“We look forward to partnering with Aegis and AOFR to further develop our
product portfolios and market penetration worldwide where Photop is rapidly
becoming a leading player of Optical Components & Photonic Products dedicated
to the markets of Communications, Industrial Applications and Life Sciences,”
said John Ling, CEO of Photop Technologies.

Photop Technologies became a subsidiary of II-VI in 2010, and Aegis Lightwave
became a subsidiary of II-VI in 2011. Photop Aegis and Photop AOFR have
transferred their main manufacturing operations to Photop Technologies at the
extensive facilities in Fuzhou, China. Based on the joint manufacturing and
integrated operations, the companies were able to complete a full merger
efficiently and with less impact to its customer base. As a consolidated
brand, Photop will be able to provide its customers a seamless experience
across a broad portfolio of products, with increasing levels of customer
service and responsiveness to enable the business development and sales
growth.

About Photop Aegis, Photop AOFR and Photop Technologies

Photop Aegis builds cost-effective solutions for intelligent optical networks
that are used for video, data communications, telecommunications and other
fast growing markets. Photop Aegis delivers state of the art intelligent
fiber-optic sub-systems to an international customer base of optical
networking systems manufacturers that enable service providers to cost
effectively deploy high bandwidth video services such as High Definition TV,
IPTV, and Video-on-Demand. Photop Aegis offers a broad portfolio of
cost-effective optical channel monitors specifically designed for
reconfigurable optical add-drop multiplexing (ROADM) applications in high
speed optical networks. Its Photop AOFR subsidiary is an industry leader in
fused fiber components including those required for fiber lasers used in
materials processing applications. Photop AOFR also manufactures optical
couplers used primarily in telecom markets. Photop Aegis is located in Woburn,
Massachusetts, USA, with additional research and development in Flemington,
New Jersey. Photop AOFR is located in Canberra, Australia. Photop Technologies
located in Fuzhou, China, is a leading photonics designer and integrated
manufacturer of crystals & advanced optics, optical components and photonic
products for communications, industrial applications and life sciences. More
information can be viewed at www.photoptech.com.

About II-VI Incorporated

II-VI Incorporated, a global leader in engineered materials and optoelectronic
components, is a vertically-integrated manufacturing company that creates and
markets products for diversified markets including industrial manufacturing,
military and aerospace, high-power electronics, optical communications, and
thermoelectronics applications. Headquartered in Saxonburg, Pennsylvania, with
manufacturing, sales, and distribution facilities worldwide, the Company
produces numerous crystalline compounds including zinc selenide for infrared
laser optics, silicon carbide for high-power electronic and microwave
applications, and bismuth telluride for thermoelectric coolers.

Contact:

Media and Analyst Contact:
Photop Aegis, Inc.
Mark Lourie, 781-569-1607
Executive Director of Marketing
mlourie@us.photoptech.com
or
Photop Technologies, Inc.
Frank Fu, +86-591-88052818
VP Business Development
Frank.Fu@photoptech.com