Axsys, Palomar enter strategic alliance to market automated photonic equipment

March 20, 2002 – Rocky Hill, CT, and Vista, CA – Axsys Technologies Inc., a provider of micro-positioning and precision optical systems, and Palomar Technologies Inc., a manufacturer of automated assembly systems for broadband communications, have signed a strategic alliance agreement.

Under terms of the agreement, the companies will jointly market and develop in-line automated assembly systems for the manufacture of active photonic devices such as pump diodes, tunable lasers, and modulators.

“We feel this alliance leverages synergies between the two companies,” said Gary Wagner, president of Axsys’ commercial products group.


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