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II-VI Incorporated Signs Multi-Year Agreements for Sapphire Windows on the F-35 Electro-Optical Targeting System (EOTS) and

II-VI Incorporated Signs Multi-Year Agreements for Sapphire Windows on the
F-35 Electro-Optical Targeting System (EOTS) and Sniper(R) Advanced Targeting
Pod (ATP) Shroud Assemblies

PITTSBURGH, Feb. 19, 2013 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI)
today announced an agreement between its subsidiary Exotic Electro-Optics and
Lockheed Martin (NYSE:LMT) for two multi-year purchasing agreements. Financial
terms of the agreements were not disclosed.

The first is for Lockheed Martin's F-35 Electro-Optical Targeting Sensor
(EOTS) and the second is for Lockheed Martin's Sniper Advanced Targeting Pod
(ATP). Purchase orders from this agreement will be reflected as bookings based
on the II-VI bookings policy of reporting customer orders received that are
expected to be converted into revenues during the next 12 months.

Francis J. Kramer, President and Chief Executive Officer of II-VI
Incorporated, stated, "These agreements reflect our continued commitment to
programs which utilize our infrared materials and expertise for Intelligence,
Surveillance and Reconnaissance (ISR) applications, and specifically to the
EOTS and Sniper ATP programs. These agreements underscore our ability to meet
and exceed the challenges represented by these demanding programs."

                           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 a diversified customer base 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.

In the Company's infrared optics business, II-VI Infrared manufactures optical
and opto-electronic components for industrial laser and thermal imaging
systems, and HIGHYAG Lasertechnologie GmbH (HIGHYAG) manufactures
fiber-delivered beam delivery systems and processing tools for industrial
lasers.

In the Company's near-infrared optics business, Photop Technologies, Inc.
(Photop) manufactures crystal materials, optics, microchip lasers and
opto-electronic modules for use in optical communication networks and other
diverse consumer and commercial applications. Photop Aegis, Inc. (Aegis)
manufactures tunable optical devices required for high speed optical networks
that provide the bandwidth expansion necessary for increasing internet
traffic.

Through its Australian subsidiary, Photop AOFR Pty Limited, Aegis also
manufactures fused fiber components, including those required for fiber lasers
for material processing applications, as well as optical couplers used
primarily in the optical communication industry.

In the Company's military & materials business, Exotic Electro-Optics (EEO)
manufactures infrared products for military applications. Pacific Rare
Specialty Metals & Chemicals (PRM) produces and refines selenium and tellurium
materials. Max Levy Autograph, Inc. (MLA) manufactures micro-fine conductive
mesh patterns for optical, mechanical and ceramic components for applications
such as circuitry, metrology standards, targeting calibration and suppression
of electro-magnetic interference.VLOC manufactures near-infrared and visible
light products for industrial, scientific, military, medical instruments and
laser gain materials for solid-state YAG and YLF lasers. LightWorks Optics,
Inc. (LightWorks) manufactures precision optical systems and components for
defense, aerospace, industrial and life science applications.

In the Company's advanced products group, the Wide Bandgap Materials (WBG)
group manufactures and markets single crystal silicon carbide substrates for
use in the solid-state lighting, wireless infrastructure, RF electronics and
power switching industries; Marlow Industries, Inc. (Marlow) designs and
manufactures thermoelectric cooling and power generation solutions for use in
defense, space, photonics, telecommunications, medical, consumer and
industrial markets; and the Worldwide Materials Group (WMG) provides expertise
in materials development, process development and manufacturing scale up. M
Cubed Technologies, Inc. (M Cubed) develops and markets advanced composite
materials serving the semiconductor, display, industrial and defense markets.

                          Forward-looking Statements

This press release contains forward-looking statements based on certain
assumptions and contingencies that involve risks and uncertainties.The
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and relate to the
Company's performance on a going-forward basis.The forward-looking statements
in this press release involve risks and uncertainties, which could cause
actual results, performance or trends to differ materially from those
expressed in the forward-looking statements herein or in previous disclosures.
The Company believes that all forward-looking statements made by it have a
reasonable basis, but there can be no assurance that management's
expectations, beliefs or projections as expressed in the forward-looking
statements will actually occur or prove to be correct.In addition to general
industry and economic conditions, including any worsening of the global
economic downturn, factors that could cause actual results to differ
materially from those discussed in the forward-looking statements in this
press release include, but are not limited to: (i) the failure of any one or
more of the assumptions stated above to prove to be correct; (ii) the risks
relating to forward-looking statements and other "Risk Factors" discussed in
the Company's Annual Report on Form 10-K for the fiscal year ended June 30,
2012; (iii) the purchasing patterns from customers and end-users; (iv) the
timely release of new products, and acceptance of such new products by the
market; (v) the introduction of new products by competitors and other
competitive responses; and/or (vi) the Company's ability to devise and execute
strategies to respond to market conditions. The Company disclaims any
obligation to update information contained in these forward-looking statements
whether as a result of new information, future events or developments, or
otherwise.

CONTACT: Craig A. Creaturo
         Chief Financial Officer and Treasurer of II-VI Incorporated
         (724) 352-4455
         ccreaturo@ii-vi.com
 
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