NasdaqGS:IPGPElectronic
IPG Photonics Leans On Defense And Medical To Redefine Growth Mix
IPG Photonics (NasdaqGS:IPGP) has introduced the CROSSBOW MINI High-Energy Laser system, a new scalable defense product aimed at countering drone threats.
The company reports strong momentum in its medical business, supported by new product launches and a major customer win.
Management has indicated that medical-related revenues are expected to double or triple in the next year.
IPG Photonics, trading at about $153.91, has seen very strong recent share price performance, with the stock up...