ProPhotonix and OCLARO Sign Distribution Agreement

SALEM, N.H., March 28, 2013 (GLOBE NEWSWIRE) -- ProPhotonix Limited (LSE:PPIX) (LSE:PPIR) (OTC:STKR.PK), a designer and manufacturer of LED illumination systems, laser diode modules and a laser diode distributor, announces that it will distribute OCLARO's line of high-power lasers in North America and Europe, effective immediately.

OCLARO's High Power Lasers complement ProPhotonix's low power laser diodes and laser modules in established markets such as Medical, Defense and Security, and Instrumentation. The new products will also enable ProPhotonix to address a wider set of applications including materials, processing and printing. ProPhotonix is already a major distributor of OCLARO's Visible and Near IR laser diodes.

OCLARO has one of the industry's largest portfolio and technology capabilities for industrial and consumer markets. It manufactures high power lasers with multiple packaging options. The addition of these solutions will offer ProPhotonix customers a comprehensive solution set for their applications and enable the Company to grow revenues in markets hereto unavailable with its existing products.

Commenting on the distribution agreement, Mark W. Blodgett, Chairman and CEO of ProPhotonix said "this new product line gives our customers the opportunity to work with one vendor on their critical applications, which has significant cost and time saving implications. We are already widely known for our engineering expertise, manufacturing and support within the laser and LED community. Adding these high powered laser products to our distribution channels extends the number of customers able to leverage those resources."

Blodgett continued, "ProPhotonix continues to build a strong reputation as a world leader in innovative laser and LED solutions. Strengthening our partnership with OCLARO not only extends that position, but also gives our customers the benefit of OCLARO's extensive experience in laser manufacturing and fibre optic coupling. Customers can now take advantage of both our strengths."

Gunnar Stolze, Vice President, OCLARO, Global Sales Industrial & Consumer, stated "we are pleased to be expanding our business relationship with ProPhotonix. Given their recent expansion of technical sales teams in both the US and Europe, ProPhotonix is well positioned to increase sales of our product portfolio for industrial and consumer markets, including high power laser devices."

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., U.K. and Ireland. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.

About Oclaro

Oclaro, Inc. (Nasdaq:OCLR) is one of the largest providers of lasers and optical components, modules and subsystems for the optical communications, industrial and consumer laser markets. The company is a global leader dedicated to photonics innovation, with cutting-edge research and development (R&D) and chip fabrication facilities in the U.S., U.K., Italy, Switzerland, Israel, Korea and Japan. It has in-house and contract manufacturing sites in China, Malaysia and Thailand, with design, sales and service organizations in most of the major regions around the world. For more information, visit http://www.oclaro.com.

CONTACT: ProPhotonix Limited Mark W. Blodgett, CEO Tel: 603-870-8215 N+1 Singer (Nominated Adviser and Broker) Andrew Craig/Ben Wright Tel: +44 207 496 3000Source:ProPhotonix Limited