IPG Photonics Corp at Canaccord Genuity Growth Conference (Virtual) Transcript
Good morning and welcome. My name is Jed Dorsheimer, Global Head of Sustainability Research at Canaccord Genuity. For those that are -- have been following us along from yesterday and this morning, welcome back. For those just joining us, welcome. We have a really interesting company, IPG Photonics.
My history with IPG actually goes back more than a decade. I remember a young private company that was -- saw how these mainframe-based CO2 lasers were going to go the way of the dinosaur and be able to develop this cool new thing called the fiber laser. And at the time, most of the market believed that there is no way that was going to disrupt the incumbents.
And now today, I think IPG sits with well over 80% market share and opening up new applications, some of which we're going to talk about today. So I'm quite fortunate to have Tim Mammen, CFO; and also Eugene Fedotoff, Director of Investor Relations. And Tim and I are going to have a talk this morning and kind of go through the business.
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