"Following last year's sale of the company's North American operations combined with our increased focus on leveraging our LED technology into new, much larger markets not previously addressed by the company, we believe adopting a new name and brand identity is a logical next step in our growth strategy," said Mark W. Blodgett, chairman and CEO of ProPhotonix.
"The new name gives customers, suppliers, and investors a clearer definition of what we do and the direction we intend to pursue. While the StockerYale brand is well known in the machine vision industry, it does not clearly reflect that we are a technology company, developing and manufacturing LED and laser module products for the medical, defense and industrial markets."
(Jim Evans)
