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

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Coherent, Inc. Signs Licensing Agreement With OSRAM GmbH on Laser Based Displays for Consumer Applications
    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 hereof. Coherent undertakes no obligation
to update these forward-looking statements as a result of events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
    Readers are encouraged to refer to the risk disclosures described in
Coherent's Registration Statement on Form S-3 (as amended and filed with
the SEC on October 4, 2006) and the reports on Forms 10-K, 10-Q and 8-K, as
applicable and as filed from time-to-time by the company.
    Please direct any questions to Peter Schuman, Director, Investor
Relations at 408-764-4174. For more information about Coherent, visit the
Company's Web site at http://www.coherent.com/ for product and financial
updates.
SOURCE Coherent, Inc.
http://www.coherent.com
CONTACT:
Peter Schuman, +1-408-764-4174