Coherent Awarded Excellence in Sustainability Award from KLA
Rhea-AI Summary
Coherent Corp. (NYSE: COHR), a leader in photonics solutions for the semiconductor industry, has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights Coherent's achievements in sustainability efforts as part of the KLA Supply Chain Sustainability program. The award was presented at the KLA Supplier Day event on October 8, 2024.
Chris Dorman, Executive VP of Coherent's Lasers Segment, expressed honor in receiving the award and emphasized the company's commitment to creating a positive environmental impact and strengthening supply chain resilience through responsible practices. The award underscores the importance of collaborative efforts between suppliers and partners in achieving long-term sustainability in the global supply chain.
Both Coherent and KLA's sustainability initiatives have contributed to their shared vision of reducing environmental impacts while fostering innovation and growth. This recognition reinforces Coherent's dedication to upholding high standards of corporate responsibility and sustainable practices in its operations.
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News Market Reaction
On the day this news was published, COHR gained 5.64%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
PITTSBURGH, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics solutions for the semiconductor industry, is proud to announce that it has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights achievements by Coherent for sustainability efforts as part of the KLA Supply Chain Sustainability program.
Coherent executives were present to receive the award, presented at the KLA Supplier Day event on October 8.
“We are honored to receive this award and to be recognized by KLA for our commitment to sustainability,” said Chris Dorman, Executive VP, Lasers Segment. “This achievement reflects our ongoing efforts to create a positive environmental impact and strengthen our supply chain resilience through responsible practices. We look forward to continuing our strong partnership with KLA as we pursue shared sustainability goals.”
The Excellence in Sustainability Award emphasizes the importance of collaborative efforts between suppliers and partners in achieving long-term sustainability in the global supply chain. Coherent and KLA sustainability initiatives have contributed to both companies’ shared vision of reducing environmental impacts while fostering innovation and growth.
Coherent is dedicated to upholding the highest standards of corporate responsibility, and this award further reinforces the company’s commitment to sustainable practices in its operations.
About Coherent
Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at coherent.com.
Media Contact:
Amy Wilson
Corporate Communications & Investor Relations
corporate.communications@coherent.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a2ef9021-020c-4c51-91f1-156421d2b313
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