Associated tags: Laser, IPG, IPG Photonics, Welding, IPGP
Locations: UNITED STATES, JAPAN, EUROPE, CHINA, NORTH AMERICA, KOREA, USA, MICHIGAN, MARLBOROUGH, MA, US, IR, SAN FRANCISCO, MASSACHUSETTS
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Metal fabrication Fabricators will benefit from the increased processing speed and extended range of material thicknesses that LightWELD 2000 XR offers.
Key Points:
- Fabricators will benefit from the increased processing speed and extended range of material thicknesses that LightWELD 2000 XR offers.
- LightWELD 2000 XR is the new, superior version to the existing LightWELD 1500 XR handheld laser welder and cleaner released in 2022.
- The LightWELD 2000 XR offers 2 kilowatts of laser power, over 30% more than its predecessor.
- LightWELD 2000 XR, all other LightWELD models and the LightWELD Cobot System are proudly made in the USA and are available direct from IPG and laser equipment distributors.
MARLBOROUGH, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the world leader in fiber laser solutions, today announced the launch of an automated cobot laser welding and cleaning system for fabrication and manufacturing industries.
Key Points:
- MARLBOROUGH, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the world leader in fiber laser solutions, today announced the launch of an automated cobot laser welding and cleaning system for fabrication and manufacturing industries.
- The new cobot is a fully automated, laser welding and cleaning system which can be configured with any existing and future LightWELD® welding laser source.
- IPG Photonics’ cobot laser production system makes automating welding jobs easy for fabricators regardless of experience with cobots or laser processing.
- As with standalone LightWELD products, the system is also capable of switching between laser welding and laser cleaning in just seconds by simply changing the nozzle with no tools required.
MARLBOROUGH, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) will release its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024.
Key Points:
- MARLBOROUGH, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) will release its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024.
- The Company will hold a conference call to review these results at 10:00 a.m.
- To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally.
- A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at investor.ipgphotonics.com .
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Boilermaker LLC , a leading worldwide manufacturer of arc welding products, announces the release of its OptX™ 2kW handheld laser welder, cutting-edge technology that will help fill the ongoing shortage of skilled welders across the United States and Canada and dramatically boost productivity up to five to 10 times.
Key Points:
- LLC , a leading worldwide manufacturer of arc welding products, announces the release of its OptX™ 2kW handheld laser welder, cutting-edge technology that will help fill the ongoing shortage of skilled welders across the United States and Canada and dramatically boost productivity up to five to 10 times.
- View the full release here: https://www.businesswire.com/news/home/20240430921742/en/
The Miller OptX™ 2kW handheld laser welder boosts productivity up to five to 10 times with quick and easy training, faster travel speeds, reduced heat input and the near elimination of pre- and post-weld processing.
- The alliance advances laser technologies for the handheld welding market, which urgently needs a product that can help expand worker capacity amid the ongoing labor shortage.
- The OptX 2kW will help close the productivity gap with:
The OptX 2kW is best suited for:
Industries including precision sheet metal, HVAC and aerospace
Sheet metal applications up to 5/16-in.
Retrieved on:
Tuesday, February 13, 2024
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Video game MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2023.
Key Points:
- "Fourth quarter revenue came in at the top of our expectations with higher sales in welding, cleaning, 3D printing and medical applications.
- "In 2023, we focused on diversifying and growing our revenue outside of flat sheet cutting and away from China.
- Fourth quarter revenue of $299 million decreased 10% year over year.
- During the fourth quarter, IPG generated $106 million in cash from operations, and spent $25 million on capital expenditures and $64 million on share repurchases.
Retrieved on:
Tuesday, January 30, 2024
MARLBOROUGH, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) will release its fourth quarter 2023 financial results before the market opens on Tuesday, February 13, 2024.
Key Points:
- MARLBOROUGH, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) will release its fourth quarter 2023 financial results before the market opens on Tuesday, February 13, 2024.
- The Company will hold a conference call to review these results at 10:00 a.m.
- To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally.
- A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at investor.ipgphotonics.com .
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LDD MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco.
Key Points:
- MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco.
- Manufacturers benefit from high-efficiency heating solutions which provide dramatically faster heating and drying processes with minimal waste heat.
- For high-power materials processing, new ECO series high-efficiency laser sources, provide unmatched high-power reliability with over 50% energy efficiency.
- IPG software provides powerful features in a simple and intuitive user interface for remote processing applications including cutting, welding, cleaning and marking.
Retrieved on:
Tuesday, November 7, 2023
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Metal fabrication APPLETON, Wis., Nov. 7, 2023 /PRNewswire/ -- Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, and IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, today announced a strategic technology partnership with a goal to further promote laser solutions for handheld welding applications.
Key Points:
- LLC, a leading worldwide manufacturer of arc welding products, and IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, today announced a strategic technology partnership with a goal to further promote laser solutions for handheld welding applications.
- The combination of Miller's extensive knowledge of the unique needs of traditional welding methods and IPG Photonics' expertise in fiber laser technology will bring ease of use, speed and precision, transforming the handheld welding process.
- Miller Electric and IPG Photonics are renowned for their unwavering commitment to innovation and are synonymous with quality and reliability.
- "We are excited to enter this partnership with Miller, as it allows us to pioneer new frontiers in handheld welding technology.
Retrieved on:
Tuesday, November 7, 2023
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Metal fabrication LLC, a leading worldwide manufacturer of arc welding products, today announced a strategic partnership with a goal to further promote laser solutions for handheld welding applications.
Key Points:
- LLC, a leading worldwide manufacturer of arc welding products, today announced a strategic partnership with a goal to further promote laser solutions for handheld welding applications.
- The combination of IPG Photonics’ expertise in fiber laser technology and Miller’s extensive knowledge of the unique needs of traditional welding methods will bring ease of use, speed and precision, transforming the handheld welding process.
- IPG Photonics and Miller Electric are renowned for their unwavering commitment to innovation and are synonymous with quality and reliability.
- "We are excited to embark on this partnership with Miller Electric, as it allows us to pioneer new frontiers in handheld welding technology.
Retrieved on:
Tuesday, October 31, 2023
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EV MARLBOROUGH, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2023.
Key Points:
- Our medical sales also increased following an inventory adjustment by a large customer in the prior quarter," said Dr. Eugene Scherbakov, IPG Photonics' Chief Executive Officer.
- Foreign exchange transaction gains increased operating income by $0.4 million and earnings per share by $0.01 in the third quarter.
- During the third quarter, IPG generated $86 million in cash from operations and spent $26 million on capital expenditures and $46 million on share repurchases.
- For the fourth quarter of 2023, IPG expects revenue of $270 million to $300 million.
