SALEM, N.H., Sep 23, 2008 (BUSINESS WIRE) -- StockerYale, Inc. (NASDAQ: STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today opened a state-of-the-art facility in Cork, Ireland. The leased facility doubles the production capacity of the Company's LED Systems business, which is experiencing significant growth as a result of secular trends in key inspection, industrial, and security verticals. The Cork facility will also serve as a research and development center in support of the Company's patented 'Chip-on-Board' LED technology.

"Our LED Systems business is experiencing substantial growth, the result of sales and marketing investments made in the past year, coupled with strong demand for machine vision applications, including solar cell, flat panel glass and printed circuit board inspection, and optical character recognition for security applications," stated Mark W. Blodgett, Chairman and CEO of StockerYale, Inc. "As we move to aggressively pursue this demand and penetrate new high growth and high margin verticals, such as the dental and dermatology markets, the new Cork facility will enable us to supply products to our customers."

About StockerYale

StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company's quarterly reports on Form 10-Q for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.

SOURCE: StockerYale, Inc.

CONTACT: The Piacente Group Sanjay M. Hurry, 212-481-2050 Investor Relations Counsel, StockerYale sanjay@tpg-ir.com