II-VI Incorporated Announces Resignation of Chief Financial Officer

II-VI Incorporated Announces Resignation of Chief Financial Officer

PITTSBURGH, Nov. 6, 2013 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI)
announced today that Craig A. Creaturo, chief financial officer, has tendered
his resignation in order to pursue other interests. Mr. Creaturo will remain
in his current capacity until a successor is appointed, and he will continue
to assist the Company as an employee through February 28, 2014. After this
date, Mr. Creaturo will serve as an advisor to the Company for an additional
six months to ensure a smooth transition. The Company has initiated a formal
search for a new chief financial officer.

Francis J. Kramer, president and chief executive officer of II-VI
Incorporated, stated "Craig has been a valuable employee of II-VI since he
joined us over 15 years ago and has been a trusted colleague of mine since he
became an officer of the Company in 2000. In addition to the strong finance,
accounting, internal audit and information technology teams that Craig has
compiled, he has consistently held financial integrity at II-VI to very high
standards. On behalf of the Board of Directors and the Company, I'd like to
thank Craig for his leadership and contributions and wish him the best."

                          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 global economic conditions, 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, 2013; (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; (vi) the Company's ability to devise and
execute strategies to respond to market conditions; and/or (vii) the Company's
ability to assimilate recently acquired businesses, and risks, costs and
uncertainties associated with such acquisitions.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.

                           About II-VI Incorporated

II-VI Incorporated, a global leader in engineered materials and
opto-electronic 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.

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, LightWorks Optical Systems,
Inc. (formerly Exotic Electro-Optics and LightWorks Optics, Inc.) manufactures
products for military applications and precision optical systems, and
components for defense, aerospace, industrial and life science applications.
Pacific Rare Specialty Metals & Chemicals (PRM) produces and refines a rare
earth element and selenium, 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 and
products for solid-state YAG and YLF lasers.

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.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.

In the Company's active optical products segment, II-VI Laser Enterprise GmbH
is an industry-leading manufacturer of high-power semiconductor laser
components enabling fiber and direct diode laser systems for material
processing, medical, consumer and printing applications. In addition, II-VI
Laser Enterprise manufactures pump lasers for optical amplifiers for both
terrestrial and submarine applications and vertical cavity surface emitting
lasers (VCSELs) for optical navigation, optical interconnects and optical
sensing applications.II-VI Network Solutions Division is an industry leading
manufacturer of customized solutions providing customers with end-to-end
design and manufacturing support to enable rapid realization of
customer-specific amplification and micro-optics solutions.

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