Source/Type: CompoundSemi Online -- Compound Semiconductor Supply Chain News - Reported News

II-VI to Sell Sensor Division
Author: CompoundSemi News Staff

April 7, 2008... II-VI Inc. has announced plans to sell its x-ray and gamma-ray radiation sensor division, eV Products Inc., a unit in its Compound Semiconductor Group. A sale price for the division was not disclosed. The division manufactures solid-state room temperature x-ray and gamma-ray detectors for industrial, medical, homeland security and laboratory applications. II-VI said eV Products generated $8.5 million in revenue for fiscal year 2007. II-VI, makes laser optic materials, optics, and opto electronics components and products. The company said selling eV Products will allow it to "concentrate on its core strengths" such as lasers and other optoelectronics products and its recently acquired businesses. In January 2008, II-VI completed the purchase of 75 percent of HighYAG Lasertechnologie GmbH. (Ref: Coverage). http://www.compoundsemi.com/documents/articles/news/9466.html#top In May 2007 the company acquired Pacific Rare Specialty Metals & Chemicals Inc.

"II-VI has made significant investments in eV Products during the past 15 years that have enabled eV to become the industry leader in cadmium zinc telluride radiation detection systems," said Francis J. Kramer, president and CEO of II-VI. "We believe the time is right for eV Products to be owned by a company which can achieve significant competitive advantages by maximizing the value of eV's differentiated capabilities in medical and homeland security imaging, and in industrial, scientific and space applications." Company News Release

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