II-VI Incorporated Pledges $100,000 to the Optica Foundation’s Women in Optics Scholarship Program

Rhea-AI Summary

II‐VI Incorporated (Nasdaq: IIVI) has pledged $100,000 over five years to support the Women in Optics (WiO) scholarship program launched by the Optica Foundation. This initiative aims to award $10,000 scholarships to 20 women annually for the next decade, totaling 200 scholarships by 2030. This funding, part of a larger $2M scholarship fund, emphasizes II-VI's commitment to encouraging women in optics and photonics fields. Applications will be accepted from February 9 through March 15, 2022.

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• Pledge of $100,000 to Women in Optics scholarship program supports women's advancement in optics.
• Contributes to a total scholarship fund of $2M, enhancing visibility and resources for female students.

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• None.

PITTSBURGH, Jan. 27, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that it has pledged $100,000 over the next five years to the new Women in Optics (WiO) scholarship program recently launched by the Optica Foundation, Inc.

“Women scientists and engineers can be found throughout II-VI globally, making groundbreaking contributions, and we look forward to many more joining our ranks,” said Dr. Vincent D. Mattera, Jr., Chair and CEO of II-VI Incorporated. “We strongly encourage women to become the future generation of leaders in optics, optoelectronics, and photonics, following in the footsteps of those who have already reached the higher echelons in our industry. We celebrate both women and men who have been recognized as thought leaders, including the recently elected 2022 Optica Fellows class.”

II-VI is one of ten Foundation Major Donors to contribute $100,000 to the program, which was combined with a $1M match from the Foundation to create a $2M scholarship fund. The scholarships will be awarded to undergraduate and graduate-level students who identify as women in an application process based on need, academic performance, and demonstrated potential. Applications will be accepted from February 9 through March 15, 2022.

The scholarship program will provide financial support of $10,000 each to 20 women a year over the next ten years, enabling visibility, community, and resources for female students in the optics field. By 2030, 200 scholarships will have been awarded, creating a global network of women in the field, according to Optica (formerly the Optical Society of America, OSA). The Optica Foundation’s press release announcing the WiO Scholarship can be found here.

About the Optica Foundation

The Optica Foundation is a 501(c)(3) nonprofit foundation established by Optica (formerly OSA) in 2002. The foundation carries out charitable activities in support of the society’s mission of promoting the generation, application, archiving, and worldwide dissemination of knowledge in optics and photonics. The foundation cultivates the next generation of leaders and innovators in the community as they move through advanced degree programs and become active members of research, engineering, and business communities around the globe. The foundation also works to secure the endowments for Optica’s awards and honors programs. For more information, visit optica.org/foundation.

About II-VI Incorporated

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, industrial, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com.

CONTACT:

Mark Lourie Vice President, Corporate Communications corporate.communications@ii-vi.com www.ii-vi.com/contact-us

FAQ

What is II-VI's recent contribution to the Women in Optics scholarship program?

II-VI has pledged $100,000 over five years to the Women in Optics scholarship program by the Optica Foundation.

How much funding will be available for the Women in Optics scholarship program?

The Women in Optics program has a total of $2 million in funding, including II-VI's contribution.

When can applications be submitted for the Women in Optics scholarships?

Applications for the Women in Optics scholarships will be accepted from February 9 to March 15, 2022.

How many scholarships will be awarded each year under the Women in Optics program?

The program will award $10,000 scholarships to 20 women each year for the next ten years.