June 24, 2010 – Blacksburg, VA – Prime Photonics, LC, announced today that it will be merging with its subsidiary Prime Research, LC. The merger will be effective June 30, 2010, and the surviving entity will be named Prime Photonics, LC. “The consolidation will not impact our current Prime Research projects, and other than a name change we expect the transition will be largely transparent to our customers. The single company structure will significantly benefit our current product development efforts and better positions Prime for investment into ongoing and future commercialization activities. ” says CEO Steve Poland.
About Prime Photonics
Prime Photonics was founded in 1999 by researchers from the Virginia Tech Center for Photonics Technology. Prime has a Federal-sponsored R&D customer base that includes the Army, Air Force, Navy, NASA, DOE, NSF and DARPA. Prime technology areas include fiber optic sensors, wireless sensors, energy harvesting and metamaterials with an emphasis on extreme environment sensor applications. Prime reinvigorated its product development and commercialization activities in 2009 with the hiring of a new CEO, significant changes to the Board of Managers and a renewed emphasis on transitioning Prime technologies to the marketplace.