Isomet Corporation (IOMT.PK)

Isomet Corporation manufactures laser control devices and sub-systems for various laser-based applications. It also produces, processes, and markets birefringent materials for telecommunications markets. Isomet s acousto-optic line comprises laser control devices and systems for applications that make use of lasers to process or communicate information through various forms of recorded images. These products are also used in Dense Wavelength Division Multiplexing components for application in the telecommunications industry. The company, through its overseas subsidiary Isomet UK, Ltd., markets and services graphic arts equipment and laser control devices in Europe. Through its subsidiary and a network of sales representatives, Isomet conducts business in most industrially developed countries. The company distributes its products domestically through its own sales staff and to foreign customers primarily through independent agents or through its foreign subsidiary.

Isomet Corporation is a producer of acousto-optic devices that are used in a wide variety of applications, including graphic arts, semiconductor inspection, military systems and biophotonics. For the 9 months ended 9/30/02, revenues decreased 30% to $2.8M. Net loss rose 9% to $475K. Results reflect the discontinuance of a major systems contract for laser plotters, partially offset by lower selling, general and administrative expenses.