StockerYale changes name to ProPhotonix
StockerYale Inc of Salem, NH, USA, which designs and manufactures LED systems and diode-based laser modules for OEMs, has changed its name to ProPhotonix Ltd to reflect its focus on optics technology for both LED systems and diode-based lasers.
With Virtek Vision International Inc.'s largest shareholder on its side, StockerYale Inc. today announced it is beginning a cash takeover bid for the Waterloo, Ontario-based maker of laser engraving, templating and inspection products, which has twice rejected buyout overtures from cash-strapped StockerYale.