Newport Corporation is a supplier of advanced technology products and systems to various industries, including scientific research, microelectronics, aerospace and defense/security, life and health sciences, and industrial manufacturing. The Company offers products that provide its customers an end-to-end resource for products for photonics solutions. Newport Corporation operates its business in two divisions: Lasers, and Photonics and Precision Technologies (PTT). Newport also develops and offers solutions for integrating its products into systems and subsystems that are engineered to meet specific application requirements of its customers. In July 2009, Oclaro, Inc. announced that it has closed the transaction with Newport Corporation, under which Newport has acquired the New Focus business of Oclaro's Advanced Photonics Solutions division in exchange for the Newport Spectra Physics high power laser diodes business.