FOR IMMEDIATE RELEASE
22 January 2014
For more information, contact:
VP Sales and Marketing
SemiNex Awarded STEP Grant
State Trade and Export Promotion program to bolster SemiNex's international growth
SemiNex is pleased to announce that the company was awarded a grant for international marketing and business development through the State Trade and Export Promotion (STEP) program. The intent of the STEP program is to help offset international business development and related marketing costs for small businesses such as SemiNex.
SemiNex used the funds in 2013 as a first time exhibitor at the World of Photonics exhibition in Munich, Germany. Neal Stoker, Vice President of Sales and Marketing, commented that "STEP funding allows SemiNex to extend its marketing reach and invest in new growth areas. We have already closed several new opportunities and have a number of new customer pursuits underway as a result of this stepped-up international funding."
SemiNex produces high power lasers from 1300 to 1700 nanometers. Standard wavelengths, including 1310, 1350, 1450, 1470, 1532, 1550 and 1625 nanometers, are available off the shelf in a variety of packages, including submounts, fiber coupled devices and multi-chip modules.
SemiNex lasers are used in an array of applications, including medical, home use medical, LIDAR, SWIR illumination, targeting, and range finding.
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SemiNex Corporation designs and manufactures high-power semiconductor lasers for use in military, medical, and dental applications. SemiNex's unique product designs enable lasers with high powers and improved thermal performance. SemiNex diode technology dramatically lowers the cost per watt of laser power, especially compared to alternate technologies such as sold-state lasers and fiber lasers. Learn more at www.seminex.com.
About the State Trade and Export Program:
STEP Grants are provided through the U.S. Small Business Administration to each state. In Massachusetts, the Massachusetts Office of International Trade and Investment administers the grants to individual businesses.