PLYMOUTH, Mich.,
and HAMBURG, Germany,
Oct. 9, 2015 /PRNewswire/ --
ROFIN-SINAR Technologies Inc. (NASDAQ: RSTI), one of the world's
leading developers and manufacturers of high-performance laser beam
sources and laser-based solutions, today issued the following
statement in response to a letter from Silver Arrow Capital
Advisors LLP.
The Board and management team of ROFIN-SINAR Technologies Inc.
are committed to executing on our strategic plan to drive growth
and profitability. This effort is gaining momentum, as evidenced by
our very strong financial results for the most recently reported
fiscal quarter, in which we doubled year-to-date net income,
increased our gross margin to nearly 40% and showed strong
sequential sales growth in fiber and ultra-short pulse lasers. We
remain confident that our existing growth strategy will continue to
deliver attractive value to all shareholders. We also welcome input
from all shareholders towards our common goal of enhancing
shareholder value.
About ROFIN
With 40 years of experience, ROFIN-SINAR Technologies is a
leading developer, designer and manufacturer of lasers and
laser-based system solutions for industrial material processing
applications. The Company focuses on developing key innovative
technologies and advanced production methods for a wide variety of
industrial applications based on a broad scope of technologies. The
product portfolio ranges from single laser-beam sources to highly
complex systems, covering all of the key laser technologies such as
CO2 lasers, fiber, solid-state and diode lasers, and the
entire power spectrum, from single-digit watts up to
multi-kilowatts, as well as a comprehensive spectrum of wavelengths
or pulse durations and an extensive range of laser components.
ROFIN-SINAR Technologies has its operational headquarters in
Plymouth, Michigan, and
Hamburg, Germany, and maintains
production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore and China. ROFIN currently has more than 52,000
laser units installed worldwide and serves more than 4,000
customers. The Company's shares trade on the NASDAQ Global Select
Market under the symbol RSTI and are listed in Germany in the "Prime Standard" segment of the
Frankfurt Stock Exchange under ISIN US7750431022. ROFIN is part of
the Standard & Poor's SmallCap 600 Index and the Russell 2000
Index. Additional information is available on the Company's home
page: www.rofin.com.
"Safe Harbor" Statement Under the Private Securities
Litigation Reform Act
Certain information in this press release that relates to future
plans, events or performance, including statements such as "The
Board and management team of ROFIN-SINAR Technologies Inc. are
committed to executing on our strategic plan to drive growth and
profitability. This effort is gaining momentum, as evidenced by our
very strong financial results for the most recent fiscal quarter,
in which we doubled year-to-date net income, increased our gross
margin to nearly 40% and showed strong sequential sales growth in
fiber and ultra-short pulse lasers. We remain confident that our
existing growth strategy will continue to deliver attractive value
to all shareholders" is forward-looking and is subject to important
risks and uncertainties that could cause actual results to differ.
Actual results could differ materially based on numerous factors,
including currency risk, competition, risk relating to sales growth
in CO2, diode, and solid-state lasers, cyclicality,
conflicting patents and other intellectual property rights of
fourth parties, potential infringement claims and future capital
requirements, as well as other factors set forth in our annual
report on Form 10-K. These forward-looking statements represent the
Company's best judgment as of the date of this release based in
part on preliminary information and certain assumptions which
management believes to be reasonable. The Company disclaims any
obligation to update these forward-looking statements.
Contact:
Katharina Manok
ROFIN-SINAR
011-49-40-733-63-4256
-
or -
734-416-0210
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SOURCE ROFIN-SINAR Technologies Inc.