the instrumentation evolves from the laboratory to higher performance

LED modules and specialty optical fibers for industry leading OEMs, today announced that it will place an increased emphasis on medical market business development in 2008 that will leverage its investments in medical product research and development.

Mark W. Blodgett, Chairman and Chief Executive Officer of StockerYale, stated, "StockerYale's key objective in 2008 is to substantially expand sales to the medical instrumentation markets across all three of our product lines - lasers and specialized optics for the bioinstrumentation market, specialty optical fiber (SOF) for the medical laser market, and LED systems for dermatology and dental equipment, to name a few. Sales to the medical vertical increased from less than 5 percent of StockerYale's total revenues in 2006 to approximately 12 percent in 2007, and we expect that they will represent approximately 20 percent of 2008 revenues given our existing customer relationships and multiple sales initiatives under way.

"Demand for bioinstruments is growing rapidly as the instrumentation evolves from the laboratory to higher performance, lower cost commercial clinical applications," Blodgett continued. "The size of our addressable market for bioinstrumentation lasers and optics alone is estimated to be approximately $100 million, and revenue streams in the biomedical, dermatology and dental markets tend to be highly repeatable once a product has been designed-in. Increasing our percentage of sales to these markets will be a key factor in driving the operating leverage in our financial model. There is a large market opportunity for StockerYale in these markets and we believe we are well positioned with both our technology and products to be key provider."