IPG Photonics strengthens position in Asian market

Oxford, Mass. – IPG Photonics Corp. has announced that it has strengthened its commitment to Asia with the appointment of Trevor Ness as VP of Asian Operations. With the hiring of Ness, IPG seeks to continue the company's momentum, accelerate growth, and expand its geographic reach in the region. The Asian market has become increasingly important to IPG, representing 42% of its total revenue in the first three quarters of 2010.

Ness has a wealth of management experience in the laser and photonics field. Working out of IPG's Beijing facility, he will support IPG's growth momentum in Asia, and build the company's business across the region. Trevor joins IPG with more than 15 years of experience in Asia working with lasers and precision motion technologies in positions spanning sales, service and operations. Prior to joining IPG, Ness was the director of GSI Precision Technologies China, a part of GSI Group.

"Trevor's appointment as VP of Asian operations marks the beginning of an enhanced corporate presence for IPG in Asia," stated chairman and CEO Dr. Valentin P. Gapontsev. "Asia sales have grown rapidly, and we have made an important decision to establish a corporate presence in Asia. As head of the newly opened Asian corporate office, Trevor will be working with our country managers to ensure we capitalize on the existing opportunities in Asia and continue to leverage IPG's strong competitive position with fiber lasers."

"The Asian markets continue to offer significant growth potential," Ness said. "IPG's fiber lasers have superior beam quality, higher electrical efficiency, and lower maintenance costs than other laser sources. The dramatically lower costs of ownership will aid our continued growth in Asia. I am fortunate to have the opportunity to work with IPG's talented and highly engaged team in the region."

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