IPG Photonics is the leading developer and manufacturer of high-performance fiber lasers and amplifiers for diverse applications in numerous markets. IPG Photonics' diverse lines of low, mid and high-power lasers and amplifiers are used in materials processing, communications, medical and advanced applications. Our products are displacing traditional applications in many current applications and enabling new applications for lasers. The Company is leveraging its brand and position as a pioneer and leader in developing and commercializing fiber lasers and amplifiers to increase its market share in the broader market. IPG's lasers should continue to displace traditional lasers in many existing applications due to their superior performance and value. Quite simply, IPG's products are disrupting the market by empowering tomorrow's applications today. IPG's vertically-integrated development and manufacturing capabilities enable the Company to meet customer requirements, accelerate development, manage costs and improve component yields, while maintaining high performance and quality standards.