Northvale, NJ January 19, 2012 – The directors of Photonic Products Group, Inc. are pleased to announce that at a Special Meeting of the Shareholders held January 18, 2012, a change of the Company name was approved, from Photonic Products Group, Inc. to Inrad Optics, Inc.
Inrad Optics Inc. has long been known as one of the photonic industry’s seminal crystalline products companies. Founded in 1973 as Inrad, Inc., the Company operated under the name Photonic Products Group, Inc. until the recent name change.
The Company has executed the name change in order to leverage the positive historical and current brand equity of the original Inrad name, and more clearly communicate the Company’s principal business activities to both the photonics marketplace and the investment community. The stock, listed on the OTC BB, will continue to trade as PHPG.OB.
Joe Rutherford, Inrad Optics CEO, said of the name change, “The original Inrad organization possessed a remarkable history that began in the formative years of the laser industry. Our new name pays homage to that history, and also signifies a bright new future for our organization.”
Inrad Optics built its reputation on its ability to grow and fabricate crystalline materials to exceptional quality standards. Today, Inrad Optics is a vertically-integrated photonics manufacturer offering crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and opto-mechanical assemblies. Its products are used in a wide variety of defence, aerospace, laser, medical, process control and metrology applications.