IPG Photonics Corporation (IPG) is the developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used in numerous applications in diverse end markets. IPG�s diverse lines of low, mid and high-power lasers and amplifiers are used in materials processing, advanced, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. It markets its products internationally primarily through its direct sales force. It designs and manufactures components used in its finished products, from semiconductor diodes to optical fibers and other components, finished fiber lasers and amplifiers. In July 2012, the Company purchased 22.5% interest in its Russia-based subsidiary, NTO IRE-Polus. In September 2012, it acquired J.P. Sercel Associates Inc.