Raycus Laser held the 11th meeting of the second board of directors
in the form of a communication conference on June 5, 2019 at 10:00 am,
and reviewed and approved the proposal of the company to acquire 51%
equity of Gauss Lasers Technology (Shanghai) Co., Ltd.. At this point,
Raycus Laser has become the controlling shareholder of Gauss Lasers
Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Gauss
Lasers").
Gauss Lasers has a number of leading patented
technologies, and has the ability to produce industrially stable
high-power ultra-fast lasers. The overall technology is comprehensive
and strong. Dr. Zhou Shi'an is the company's research and development
leader and has led the R&D team to develop an all-fiber integrated
high-power femtosecond laser with internationally leading technology.
Gauss
Lasers wholly-owned by Gauss Lasers Technology (Jiaxing) Co., Ltd.,
which was established on May 27, 2016, is mainly engaged in research and
development, production and sales of laser devices, optical
communication equipment, optical communication measuring instruments and
accessories.
Through the acquisition of Gauss Lasers, Raycus
Laser will realize the R&D, production and sales of ultrafast laser
products, further expand Raycus laser's product line and customer base
in the laser industry, optimize the company's industrial layout and
enhance the company's overall competitive advantage. The acquisition is
in line with the company's development strategy plan, which is conducive
to enhancing the company's profitability and core competitiveness, and
adding a promising new business to Raycus Laser.
Raycus Laser acquires 51% stake in Gauss Lasers