Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.StockerYale, a developer of light lasers and specialty optical devices, has signed a supply agreement with Boston Scientific, a developer, manufacturer and marketer of medical devices.
Subscribe to our email newsletter
Under the terms of the agreement, StockerYale will supply optical assemblies to Boston Scientific for various medical applications. Financial terms of the agreement were not disclosed.
The signing of the agreement follows a period of collaborative efforts by both parties to develop a higher-performance family of unique optical assembly products, with each company leveraging its technical and application expertise. Production will commence this quarter at StockerYale’s Salem, New Hampshire manufacturing facility.
Mark Blodgett, chairman and CEO of StockerYale, said: “This agreement clearly underscores the execution of our strategy to leverage core intellectual property and technical expertise and apply it to faster-growing markets; and in this circumstance, our continued focus and penetration of the medical/bio-instrumentation market. We are currently working on several other projects with Boston Scientific and look forward to a long and mutually beneficial relationship.”