GlobeNewswire Inc | Oct 19, 2021 08:30AM EDT

October 19, 2021

PITTSBURGH, Oct. 19, 2021 (GLOBE NEWSWIRE) -- IIVI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it is powering all its facilities in Europe with 100% renewable electricity sources.

The renewable electricity is supplied to II-VIs manufacturing operations, research and development sites, and sales offices throughout six European countries (Belgium, Germany, Italy, Sweden, Switzerland, and the U.K.), encompassing 615,000 square feet, or 57,000 square meters, of facility space across 12 sites. To power its footprint across Europe, II-VI is purchasing approximately 38 million kilowatt-hours (kWh) per year of renewable electricity, and thereby eliminating about 5,800 metric tons of CO2 emissions each year.

II-VI has made it a top priority to reduce its carbon footprint across its global operations, said Dr. Karlheinz Gulden, Senior Vice President, Laser Devices and Systems Business Unit. This is elating news for our employees not only in Europe, but also around the world to know that we have achieved this important milestone and to be working for a company that not only supports but actively works towards long-term sustainability through tangible actions.

Globally, II-VI has entered into renewable-electricity contracts for 24 sites, including 14 of them now covering 100% of their annual electricity usage from renewable sources. Over 20% of II-VIs global electricity needs are now being supplied by renewable sources across the U.S. and Europe. The percentage of renewable electricity powering II-VIs operations is expected to grow annually and, in the future, include the companys major manufacturing sites in Asia.

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