Surgical apps focus of StockerYale's deal with Boston Scientific

JANUARY 8, 2009--StockerYale, Inc. (Salem, NH) has won its largest biomedical contract to date. Under a new, multi-million dollar agreement with Boston Scientific, developer of medical devices for interventional specialties, StockerYale will supply optical assemblies for various medical and surgical applications. Financial terms were not disclosed.

The signing of the agreement follows a period of intense 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. StockerYale reports that its own expertise in enabled an assembly with significant improvements in performance and reliability—and that production will begin this quarter.

"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," said StockerYale chairman and CEO Mark W. Blodgett. "We are currently working on several other projects with Boston Scientific and look forward to a long and mutually beneficial relationship," he added.

StockerYale, Inc. designs and manufactures structured light lasers, LED modules and specialty optical assemblies for medical and other markets, and notes it is one of the last remaining independent optical assembly providers.

More information:
StockerYale, Inc.

Posted by Barbara G. Goode, barbarag@pennwell.com.

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