In January 2003 Candela Corporation (NASDQ: CLZR) - itself a previously active SBIR awardee, acquired Applied Optronics Corporation. Since then Applied Optronics has operated as a subsidiary of Candela Corporation. The firm manufactures and sells high power laser diodes to medical, military, industrial, and research industries. It provides single emitter high power laser diodes, single emitter fiber-coupled high power laser diodes, single emitter pulsed high power laser diodes, multi-element laser diode modules, mounted and fibered high power laser diode bars, and horizontal and vertical high power laser diode arrays. Principals of the firm have expertise that extends beyond that of a stand-alone laser diode manufacturer, to include: Optical modeling and design; Collimation & alignment; Fiber coupling & combining Wavelength stabilization; Electronics and System level engineering