letter from chairman markets technologyform 10-k2 Corporate Info

Newport's lasers and components are used in a number of high-finesse industrial manufacturing applications requiring precise pulse widths, high beam quality, high pulse rates and unique wavelengths of light. These include rapid prototyping, micro-machining, heat-treating, welding and soldering, cutting, illumination, drilling, printing, and high-precision marking and engraving. Newport’s served available market in Industrial and Other markets is approximately $1.9 billion per year, and is growing at an annual rate of approximately 6% per year. Sales to customers in these markets were approximately 17% of 2006 net sales.

Introduction