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Updated: July 8th, 2008 05:26 PM CDT

Coherent, Inc. Signs Licensing Agreement With OSRAM GmbH on Laser Based Displays for Consumer Applications

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via PRNewswire

SANTA CLARA, Calif., Dec. 20 /PRNewswire-FirstCall/ -- Coherent, Inc. (Nasdaq: COHR) today announced it has signed a licensing agreement with OSRAM GmbH for the use of Coherent's Optically Pumped Semiconductor Lasers (OPSL(TM)) for consumer laser based projection displays. This license allows OSRAM to develop and deploy Red, Green, and Blue (RGB) lasers using Coherent's intellectual property in consumer applications such as projection television and so called "Pocket projectors" for hand-held devices.

John Ambroseo, Coherent's President and Chief Executive Officer said, "Coherent developed and shipped multi-Watt RGB lasers and demonstrated laser projection television utilizing our OPS technology. We believe OSRAM is an excellent technology partner with the resources and business model necessary to develop this technology for the next phase of the consumer display market."

OSRAM is one of the two leading lighting manufacturers in the world. Sales in the year ending September 30, 2006 totaled 4.6 billion euros. This global player employs more than 40,000 people worldwide, supplies customers in approximately 150 countries and has 49 production facilities in 18 countries.

Founded in 1966, Coherent, Inc. is a Standard & Poor's SmallCap 600 company and a world leader in providing photonics-based solutions to the commercial and scientific research markets.

The statements in this press release that relate to future plans, events or performance, including statements such as we believe OSRAM is an excellent technology partner with the resources and business model necessary to develop this technology for the next phase of the consumer display market are forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, including risks associated with general market and business conditions, currency adjustments, contract cancellations, customer payments and acceptance of our products, manufacturing risks, competitive factors, and uncertainties pertaining to customer orders, demand for products and services, and development of markets for Coherent's and OSRAM's products and services, and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date here of. Coherent undertakes no obligation to update these forward-looking statements as a result of events or circumstances after the date here of or to reflect the occurrence of unanticipated events.

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