1/2011 - Jenoptik AG

focus
Magazine of the Jenoptik Group 1 l 2011
Strong Start to the Year.
Precision is our Business.
Light in Machines, Numbers in Binoculars.
The Mini for Metrology.
From GDR Collective to Technology Group.
1

Content
Strong Start to the Year.
After the successful fiscal year of 2010,
Jenoptik closed the best first quarter in
the company’s recent history with the
1st quarter of 2011.
4 8 12
Precision is our Business.
The two Jenoptik divisions Industrial
Metrology and Traffic Solutions are
represented in Switzerland. Both focus
on precise measurement.
Light in Machines,
Numbers in Binoculars.
Jenoptik expands its product range
of LEDs and increasingly offers final
products for industrial customers.
The Mini for Metrology.
The Industrial Metrology division has
launched a powerful mini-device for
roughness measurement, the Hommel-
Etamic W5.
LEGAL NOTICE
Publisher:
JENOPTIK AG,
Public Relations,
D-07739 Jena,
Phone +49(0)3641 65-2255,
Fax +49(0)3641 65-2484
Responsible: Katrin Lauterbach
Editors: Katrin Lauterbach, Silvia Scharlock
Editorial assistance:
Jana Dichelle, Cornelia Ehrler
2 3
16
From GDR Collective to
Technology Group.
18
Twenty years ago, the foundation for
today’s globally active Jenoptik was laid.
A look back.
Pictures:
Jenoptik
Torsten Proß (page 3 right, page 20)
SPECTARIS (page 15)
fotolia.com (pages 8, 9, 11, 18/19, 22)
Layout: Bernd Adam, Jena
Print: Druckhaus Gera GmbH
The contents of this magazine address men
and women equally. For better readibility, the
masculine forms are used normally.
Publication in: June 2011.

Katrin Lauterbach
The restructuring of the last few years in all areas of the Group are
now starting to pay off. At the same time, important target industries
continued to develop positively. The Jenoptik Group recorded a jump
in the Group EBIT of 11.8 million euros in the 1st quarter of 2011.
Strong Start to the Year:
In 2011 Jenoptik recorded its best first quarter
in the company’s recent history.
”We expect this year to be the strongest for operating earnings
since the disposal of M+W Zander five years ago. The quality of
results is proof that we can reach our long-term profitability
objectives,” says Jenoptik Chairman Dr. Michael Mertin of the
quarterly figures published mid-May of this year. Just a few days
earlier, Jenoptik had raised its forecast for Group EBIT for the
full year from, originally, more than 35 million euros to the
40 million euros now planned. ”We intensively discussed future
business performance with our segments in extensive strategy
meetings,” says Michael Mertin on the forecast increase.
This increase was made based on the discussions and due to
the very good order and earnings development in the 1st quarter
of 2011. Group EBIT of 40 million euros is an increase of more
than 35 percent over the comparable figure for 2010, which
was at 29.0 million euros. From as early as 2010, Jenoptik had
benefited from the sustained and rapid recovery in its two
main target industries, the semiconductor and the automotive
industries. This trend continued during the first months of 2011.
For Jenoptik, the Group EBIT in the 1st quarter of 11.8 million
euros primarily reflects the currently very high level in the
semiconductor cycle. ”You are no prophet if you forecast a
normalization during the course of the year,” says Michael
Mertin. He also cautioned that the quarterly EBIT of 11.8 million
euros could not be extrapolated one-to-one for the entire fiscal
year.
Sales and employment growth,
especially abroad.
In 2011, sales are expected to rise from 478.8 million euros in
2010 (without Jena-Optronik GmbH) to more than 510 million
euros. Strong sales are anticipated in the Lasers & Optical
Systems and Metrology segments in 2011. Both segments were
already sales drivers in the 1st quarter of 2011, in which sales
increased by 16.5 percent over the prior year’s quarter to
124.5 million euros.
In both 2010 as well as the 1 st quarter of 2011, sales
growth came primarily from abroad. For instance, sales
in North America (NAFTA) rose by just under 15 percent
in the 1st quarter of 2011 and by almost 52 percent in
Asia. In Europe, sales volumes also increased by more
than 40 percent compared to the same period last year
due to the booming semiconductor industry, while
sales in Germany declined slightly. Jenoptik is present
in more than 70 countries and is focusing on future
growth primarily through further internationalization.
The key target areas are North America and Asia. So,
after Jenoptik Korea in 2009, another majority stake
was established in Asia in 2010 – Jenoptik Japan. In the
USA, Jenoptik has invested in new production equipment
at its Optics locations.
”Considering the sales trend abroad, we will primarily
recruit new employees also in those regions,” summarized
Michael Mertin regarding questions on a planned
rise in employees in Germany. ”Our German sites will
also grow, but probably not as rapidly as overseas.”
Overall, the workforce should rise slightly in 2011, but
not analogous to the increase in sales. This trend has
already underpinned the development of the 1st quarter
of 2011: Consolidated sales rose by 16.5 percent with
an almost constant workforce of 2,956.
The fiscal year of 2010 at a glance
Continuing BD Change comp.
(Figures in million euros) 2010 Group 2) 2010 Group 2009 to Group in %
Sales 478.8 510.6 473.6 7.8
Lasers & Optical Systems 188.9 188.9 166.7 13.3
Metrology 113.8 113.8 96.0 18.5
Defense & Civil Systems 173.9 205.8 205.3 0.2
Others 1) 2.2 2.1 5.6 – 62.5
EBIT 29.0 56.4 – 19.6 ++
Lasers & Optical Systems 13.3 13.3 – 16.5 ++
Metrology 8.6 8.6 – 14.6 ++
Defense & Civil Systems 8.6 11.5 12.2 – 5.7
Others 1) – 1.5 23.0 – 0.7 ++
Earnings before tax 15.0 42.5 – 34.3 ++
Earnings after tax 9.0 36.4 – 33.9 ++
Order intake 534.6 582.5 432.8 34.6
Lasers & Optical Systems 230.2 230.2 168.4 36.7
Metrology 137.0 137.0 83.2 64.7
Defense & Civil Systems 163.7 211.6 178.0 18.9
Others 1) 3.7 3.7 3.2 15.6
Continuing BD Group without Optronik Change
(Figures in million euros) at 31.12.2010 at 31.12.2009 in %
Order backlog 355.4 304.0 16.9
Lasers & Optical Systems 98.8 59.9 64.9
Metrology 45.1 21.9 105.9
Defense & Civil Systems 212.6 224.8 – 5.4
Others 1) – 1.1 – 2.6 57.7
Employees (31.12. incl. trainees) 2,951 3,138 – 6.0
Lasers & Optical Systems 1,234 1,184 – 3.9
Metrology 632 769 – 17.8
Defense & Civil Systems 931 947 – 1.7
Others 1) 154 138 11.6
1) Others includes holding, SSC, real-estate, consolidation.
2) Group with Jena-Optronik GmbH.
BD = Business Division
4 5

Jenoptik in Japan.
In November 2010, Jenoptik expanded its presence
in Japan together with longtime partner Kantum
Electronics Co. Ltd. The joint venture by Jenoptik and
Kantum, founded in 2005 and specializing mainly in
the sale of diode lasers, is now called JENOPTIK Japan
Co. Ltd and is open to all Group divisions. Sales was
extended to other Group products and Jenoptik has
since become the majority shareholder with an almost
two-thirds majority.
All Jenoptik employees and their families survived the
terrible earthquake in Japan without health consequences.
The business premises also remained intact.
A crisis committee was established where, to this day,
all information is brought together. ”Our Japan business
is still in its infancy. In 2010, it amounted to about
1 percent of sales,” says Jenoptik Chairman Michael
Mertin. The procurement volume from Japan was
slightly more than 1 percent of the Group’s total
volume in 2010 so, even here, no large direct effects
are expected and also did not occur until May.
”It remains to be seen how the situation will evolve
and we will constantly evaluate what is guaranteed by
our central procurement management,” says Michael
Mertin.
Sale of Jena-Optronik GmbH.
As part of the consolidation of the European space
market, in December 2010 Jenoptik sold all shares of
the subsidiary Jena-Optronik GmbH to Astrium GmbH,
an EADS Group company. The Jenoptik Group’s space
business was bundled in Jena-Optronik GmbH, which
contributed about 30 million euros to sales of the
Jenoptik Group. Jenoptik acquired a majority holding
of Jena-Optronik GmbH in 2003 and increased the
share to 100 percent in 2004. The business was
expanded and Jena-Optronik developed into a world
market leader in specialized areas of satellite
technology while the company’s sales had nearly
doubled since then. “For Jena-Optronik GmbH, we
expect better growth opportunities in the future
through being part of a global system supplier and
specialists in aerospace such as EADS,” says Michael
Mertin. The Jenoptik Group used the cash inflow after
conclusion of the sale in December 2010 to significantly
reduce net debt.
A sound financial position:
Net debt now “only” 73.5 million euros.
In 2010, the key figures of the Jenoptik Group were chiefly defined by the
sale of Jena-Optronik GmbH. Group EBIT, in particular, was positively
impacted by the sale proceeds. This was 56.4 million euros, including the
one-off effects of the sale. The sale – in addition to the positive cash flow
resulting from consistent receivables and inventory management and the
capital increase in March 2010 – also contributed to a halving of net debt to
79.3 million euros at the end of 2011 (159.5 million euros at the end of
2009). In the 1st quarter of 2011, it fell again by 7.3 percent to 73.5 million
euros. ”We have worked intensely on this key company figure for financial
stability in the past two years,” says Chief Financial Officer Frank Einhellinger.
“Our focus on positive cash flows has particularly proven itself,” summarized
the CFO. The main driver is Working Capital Management with the objective
of “tieing up” the least amount of financial resources possible – whether in
production material in the Group’s storerooms or as products or processed
products not yet with the customer. This requires efficient processes in order
to reduce storage and processing times. “We are working on this in many of
our Jenoptik Excellence Program projects, which went into its third year in
2011 with projects in all areas of the Group,” says Frank Einhellinger.
Increase in sales by region
NAFTA
16.9m euros
(+14.9 %)
Europe
42.9m euros
(+40.3 %)
Order situation remains positive.
Germany
48.9m euros
(–0.9 %)
Others
4.5m euros
(–8.5 %)
In 2010, the Jenoptik Group was able to report order intakes that were about
23 percent higher than 2009. The strong growth to 534.6 million euros
(previous year, 432.8 million euros) resulted from the economic recovery as
well as several large orders that Jenoptik was able to book. These included
an order for medical lasers in the USA, a large order from abroad for traffic
Asia
12.2m euros
(+51.6 %)
The growth in Group sales by 16.5 percent in the 1 st quarter of 2011 came completely from abroad.
solutions technology, as well as the order for the next tranche
of Eurofighter Radom and the energy supply for PATRIOT
anti-missile systems in the Defense & Civil Systems division.
Both trends continued in the first months of the current fiscal
year – a good economic situation with overall high order
intakes, especially from the semiconductor and automotive
industries, as well as the aforementioned large orders on top.
In the 1 st quarter of 2011, order intake was 172.6 million euros,
surpassing the prior year’s quarter by 36.4 percent. Included is
the large partial order for the PUMA armored fighting vehicle
at just under 40 million euros in the Defense & Civil Systems
segment. Another large partial order for the PUMA is expected
in the coming months. In May, Jenoptik was able to announce a
large order of more than 20 million euros from Saudi Arabia in
the Traffic Solutions division, which will also impact on the order
intake in the current 2nd quarter of 2011. Several hundred stationary
systems for recording red light and speed violations will
be delivered and installed through this year and the next. As a
result, the order will in part contribute to sales and earnings in
2011.
Long-term goals remain.
”Above all, the order development of recent months and the
continuing strong economy are encouraging for the whole of
2011,” concludes Michael Mertin. Although the very good 1st quarter for Jenoptik reflects the currently very high level in the
semiconductor cycle and management is anticipating a normalization
during the course of the year, the automotive industry,
medical technology, photovoltaics and the transport and
security areas are further drivers of the expected positive
development beyond 2011. “Our earnings in the 1st quarter of
2011, with an EBIT margin of 9.5 percent, shows that we can
achieve our medium-term profitability targets – a Group-wide
EBIT margin of 9 to 10 percent,” says Michael Mertin.
”We don’t want to grow at all costs, but profitably while
maintaining intrinsic value,” comments the Jenoptik Chairman
on questions of possible acquisitions. Acquisitions have to move
us forward, be it on the market, technology or product side or
in a specific region. The financial resources resulting from the
measures in 2010 and the continued positive cash flow from
operating activities open attractive opportunities for organizational
growth and acquisitions.
The months January until March at a glance
Group Group 2) Change
(Figures in million euros) Jan.–March 2011 Jan.–March 2010 in %
Sales 124.5 115.2 16.5
Lasers & Optical Systems 56.1 45.2 24.1
Metrology 28.0 20.0 40.0
Defense & Civil Systems 40.0 49.9 – 3.8
Others 1) 0.4 0.1 ++
EBIT 11.8 4.0 ++
Lasers & Optical Systems 10.2 3.9 ++
Metrology 1.0 – 1.0 ++
Defense & Civil Systems 1.1 1.7 10.0
Others 1) – 0.5 – 0.6 0
Earnings before tax 9.3 0.7 ++
Earnings after tax 7.5 0.4 ++
Order intake 172.6 145.6 36.4
Lasers & Optical Systems 61.1 56.2 8.7
Metrology 38.0 40.4 – 5.9
Defense & Civil Systems 73.7 48.8 148.1
Others 1) – 0.2 0.2 ++
Group Group 2) Change
(Figures in million euros) March 31, 2011 Dec. 31, 2010 in %
Order backlog 398.1 355.4 12.0
Lasers & Optical Systems 101.6 98.8 2.8
Metrology 51.9 45.1 15.1
Defense & Civil Systems 246.4 212.6 15.9
Others 1) – 1.8 – 1.1 ++
Employees (incl. trainees) 2,956 2,951 0.2
Lasers & Optical Systems 1,240 1,234 0.5
Metrology 633 632 0.2
Defense & Civil Systems 930 931 – 0.1
Others 1) 153 154 – 0.6
1) Others includes holding, SSC, real-estate, consolidation.
2) Group without Jena-Optronik GmbH
Note: For the 2011 financial reporting all Jena-Optronik GmbH key figures have been excluded
for 2010 so that the 2011 figures are fully comparable with those of 2010.
On the question of the distribution of a dividend, Michael
Mertin explains: ”Solid equity capital is vital for sustainable
growth, particularly for technology companies.” In addition to
replacing existing financing, future dividends would also depend
on the extent to which Jenoptik’s liquidity could be sensibly
invested in growth and acquisitions. ”However, we obviously
want to reach a position where we are able to pay dividends,”
says the Jenoptik Chairman.
www.jenoptik.com
katrin.lauterbach@jenoptik.com
6
7

Cornelia Ehrler
Switzerland stands for much that is characterized by quality,
taste and tradition. Just think of culinary delights such as Swiss
cheese, raclette and rosti. Or Swiss chocolate – many pioneers
of chocolate production were located in Switzerland, such as
Rodolphe Lindt, inventor of “conching”, which makes chocolate
creamy; Philippe Suchard, inventor of the “Milka” brand, and
Theodor Tobler, who invented ”Toblerone” in 1908 and which
is still produced exclusively in Bern, the Swiss capital.
Switzerland is eponymous for landscapes reminiscent of rocky
or sandy mountains and lakes. In Germany alone there are more
than 60 of these Swiss landscapes such as Saxon Switzerland,
with the Elbe Sandstone Mountains.
Switzerland also stands for money. According to statistics from
the International Monetary Fund, the Alpine country regularly
belongs to the five wealthiest countries in the world according
to its gross domestic product per capita. In the “Global Competitiveness
Index 2010 – 2011” at the Geneva World Economic
Forum, which evaluates the competitiveness of a country,
Switzerland is once again in first place, followed by Sweden,
Singapore, the United States – and Germany in fifth place.
Precision
Switzerland is different, but neutral.
Switzerland seems to be different, a special case in the middle
of Europe. A country with four official languages, including
Rhaeto-Romanic, spoken by only 0.5 percent of the population
in the canton of Grisons. Politically, too, Switzerland is different,
as the history of the Confederates, marked by wars and myths
surrounding the autonomy of the cantons, such as the Rütlischwur
(Rütli oath), gave rise to a unique political formation.
Founded as a loose confederation of states, the current federal
state with the official designation of ”Swiss Confederation”
differs from other republics worldwide. The 26 cantons are
living a distinctive federalism. Citizens have a direct influence on
government action through elements of direct democracy such
as referendums and initiatives. And the “perpetually armed”
neutrality in foreign policy is a constitutional principle, which
excludes membership in military alliances such as NATO.
Despite this, Switzerland has an army, no, Switzerland is an army,
as the saying goes. Although only five percent of Army personnel
are regular soldiers, the rest are conscripts, but they keep their
personal equipment, including weapon, at home. Swiss citizens
are prohibited from serving in a foreign army. The exception is the
Swiss Guard which has been responsible since 1506 for the
protection of the Pope as ”house police” – not as an army.
Switzerland is known for utmost precision. No wonder
that two Jenoptik divisions, which are both very precise,
are represented in the Confederation: Industrial Metrology
with Hommel-Movomatic Suisse SA and Traffic Solutions
with Multanova AG.
is our Business.
The Swiss government, the Federal Council with seven members, is tradition-
ally regarded as the most stable executive authority in the world. Equally
reliable are the conditions for foreign employers who appreciate the high
productivity and excellent infrastructure in Switzerland. Some 1,200 German
companies employ about 107,000 people in Switzerland through subsidiaries,
sales offices or investment holdings. Jenoptik is one of these companies; its
two subsidiaries from the Metrology segment live the traditional Swiss
understanding of precision:
Precision is our business.
The Jenoptik Industrial Metrology division has a presence in Switzerland with
its subsidiary Hommel-Movomatic Suisse SA. Jenoptik acquired the French
metrology specialists ETAMIC SA in 2006, which had already included Swiss
Movomatic SA since 1993. In 2007, the Etamic-Movomatic Group was merged
worldwide with the Jenoptik subsidiary Hommelwerke GmbH in Villingen-
Schwenningen to Hommel-Etamic.
The Swiss team of Hommel-Movomatic Suisse SA currently has about 30
employees at the Peseux location on the shores of Lake Neuchâtel in the
north-western canton of Neuchâtel. The origin of Movomatic lies in the
so-called “Watch Valley” between Basel and Geneva. In 1937, in this area
characterized by watch making and precision mechanics, the company
”Motomechanik” was founded in Inkwil which, a few years later in 1950,
specialized in ”in-process metrology”, i.e. in measurement technologies that
Switzerland and money.
It is also the sums of money in Swiss banks that are
notorious; Credit Suisse is probably the most recognized
bank. The almost mythically inflated Swiss banking secret
has now been somewhat superseded by the cooperation
between Germany and Switzerland in tax matters:
In October 2010, both countries signed a protocol on a
double taxation agreement, which governs the exchange
of information between the two countries. In addition,
a withholding tax for the accounts of foreign customers
is planned, which is to be transferred to the countries of
origin of the bank customers.
Even more problematic is how to deal with so-called potentate
funds, money from dictators, which usually stems
from corruption or other shady sources. The government
recently barred the assets assigned to the recently
deposed Egyptian head of government Mubarak, Ben
Ali of Tunisia and the Libyan ruler Gaddafi by emergency
decree in Bern. Overall, these potentate assets from
North Africa are believed to amount to 830 million francs
(approx. 660 million euros). Since the late 1990s, in
order to combat financial crime, Switzerland has drafted
anti-money laundering laws, which impose special duties
of care on Swiss banks. According to the Swiss Foreign
Ministry, in the past 15 years Switzerland has been able
to return 1.2 billion euros of confiscated dictator funds to
the respective countries of origin.
8 9

Economic relations between Germany and Switzerland.
For Switzerland, Germany is traditionally by far its most important trading
partner, ahead of Italy, France and the United States. Almost 20 percent of
all Swiss exports went to Germany in 2009, primarily machinery, pharmaceutical
products and precious metals. In 2009, the share of imports from
Germany to Switzerland stood at 33 percent, including machinery, motor
vehicles and mineral fuels.
The importance of Switzerland for German foreign trade outside the
European Single Market is exceeded only by the USA and China. In 2010,
the Alpine country was ranked 9th in German foreign trade for imports
and exports.
The strongest export sectors of the Swiss Confederation are the chemical
and pharmaceutical industries, the watch and metal industries as well as the
Precision in metrology: Hommel-Movomatic Suisse SA
manufactures, amongst others, gauge heads for the
control of diameter and position in grinding machines.
www.auswaertiges-amt.de Bilateral relations
www.swissworld.org/de
www.multanova.ch
info.ch@hommel-movomatic.com
machinery and electronics industries, precision instruments and apparatus
and automotive supplies.
Like Germany, Switzerland is represented in many international organizations
such as the OECD, the International Monetary Fund and the World Trade
Organization (WTO). In addition, Switzerland is a founding member of the
European Free Trade Association (EFTA). In contrast, the country is not a
member of the EU or NATO. Nevertheless, there are “Bilateral Agreements”
between Switzerland and the EU to simplify economic exchanges, as well as
“NATO’s Partnership for Peace.” Switzerland has also been a member of the
United Nations (UN) since a referendum in 2002.
Source: Federal Foreign Office, Federal Statistical Office
are already used during the manufacturing process. By 1953,
the company presented the world’s first in-process measuring
head for measurement control for cylindrical grinding machines.
Even today, the core competence of Hommel-Movomatic Suisse
SA lies in the tactile in-process metrology. It develops and
produces measurement control systems that are part of the
preferred equipment of grinding machines and are installed on
machine tools. In particular, globally active manufacturers of
high-precision components for injection and hydraulic engineering
and customers from quality-sensitive markets such as the
USA, Japan and Central Europe as well as from the so-called
emerging markets such as India and China appreciate these
measuring devices with Swiss precision.
Who invented it? Pioneers in speed surveillance.
The Swiss colleagues at Multanova AG are just as precise in
speed surveillance. Multanova AG has been a part of the
present day Jenoptik Traffic Solutions division since 1999 when
Jenoptik acquired the then ROBOT Visual Systems GmbH in
Monheim/Düsseldorf including Multanova. The Swiss traffic
controllers are considered pioneers in their field: Multanova is
the first company to have developed and manufactured radar
devices in Switzerland. As early as 1952, during the founding
year, it presented a radar system for speed surveillance with
photographic registration.
Facts and Figures about Switzerland
Name of the country: Swiss Confederation,
CH = Confoederatio Helvetica
Capital city: Bern
Area: 41,285 square kilometers
Population: 7.78 million,
of these 264,000 Germans
Languages: 4 official languages: German
(ca. 64 per cent), French (ca. 20 per cent),
Italian (6.5 per cent), Rhaeto-Romanic
(0.5 per cent); other languages (9 per cent)
Religions: Catholic Church (42 per cent),
Protestant (35 per cent), non-denominational
(11 per cent), Islam, orthodox Christianity
National day: August 1
Form of government: democratic and
republican federal state
Today, Multanova is a leader in mobile and stationary traffic
surveillance in sales, support and as a system integrator for the
Jenoptik Traffic Solutions division. In Uster, in the canton of
Zurich, in the north-eastern part of Switzerland, about 15
employees distribute, install and manage monitoring systems
that are based on current measurement technologies such as
radar or laser, piezo or induction technology. The classic is still
the Multanova 6F radar, which was introduced by the Swiss in
1984, has been constantly modernized since then, and is now
used worldwide in places such as Spain, Australia and Canada.
The Swiss also install and maintain surveillance systems such as
the TraffiPatrol or the TraffiSection systems. The latter is a new
traffic surveillance system that measures average speed along a
stretch. The Traffic Solutions division successfully placed the
system, optionally combinable from mobile or stationary units,
Head of State: collective 7-member Federal Council,
duty of President rotating every year; President in
2011: Micheline Calmy-Rey
Head of Government: not required because
the head of the Federal Council is the President
Administrative structure: expressly federalist state
of 20 cantons and 6 half-cantons with strong cantonal
competencies
Currency: Swiss franc (CHF)
Gross domestic product (GDP) 2010:
ca. 550 billion CHF (ca. 400 billion euros)
Per capita GDP (2010):
71,500 CHF (ca. 52,000 euros)
Source: Federal Foreign Office, March 2011
on the market with a large order in February 2010, in Switzerland
and other markets. The Alpine country was also the center
of innovative traffic solutions technology in the fall of 2010.
Multanova presented the new 3D tracking radar in Geneva,
which can simultaneously record and track up to 32 vehicles on
different lanes.
”Made in Switzerland” innovations – the Swiss Confederation is
also a source of productivity and quality for Jenoptik. Esteemed
for their economy and political neutrality, Switzerland seems to
remain different. A final example? The Swiss were the first
people in the world allowed to vote on accession to the United
Nations (UN). In 2002, Switzerland became the only UN country
with a square flag. But the UN rules require that flags which fly
at the UN headquarters must be rectangular. The compromise:
The total area of the square flag may not exceed that of the
other rectangular flags. So, the Swiss flag, white cross on red
background, now also flies at the UN headquarters in New York.
Precision for more road safety: Multanova AG
is the leading provider of mobile and stationary
traffic monitoring in Switzerland.
10 11

Jana Dichelle
Lighting with light diodes – this is a market that is only just
starting to flourish. As recently as 2007, there were small niches
that could be served with high-performance LEDs, such as
traffic light illumination or decorative lighting. Market observers
such as Databeans are predicting double-digit growth rates in
the coming years.
Triptis: LED instead of neon
Jenoptik operates at the center of this market, which does not
just bring conventional lighting manufacturers onto the scene
but also optical and electronics companies. And the components
that Jenoptik manufactures in this area are being increasingly
joined by final products. Mathias Goebel, responsible for
LED sales in the Optoelectronics Systems business unit of
Jenoptik in Triptis (Thuringia), has just returned from the trade
fair Transport Logistic in Munich. There, he presented an LED
lighting system for high bay warehouses.
Picture at the top: The LED module (below) and the corresponding
optics device (top) – when mounted together, they illuminate the
interior of machines in white light.
”In these types of warehouses you need light in the hallway and
it needs to give light where you need it. We convinced everyone
with our light distribution.” In addition, there are the potential
savings: ”You either need less energy than for conventional light
sources, or you get more light at the desired location for the
same energy input,” explains Mathias Goebel. An important
market for this is the logistics and transport industry, in which
companies want to act under the banner of Green Logistics and
Sustainability.
White light from a new partnership
The white LEDs, for the illumination of storage rooms, are
manufactured by the company LEIDS GmbH & Co. KG with
which Jenoptik has recently started cooperating. LEIDS is a
distribution partner of the company Alder from Taiwan and
supplies Jenoptik with white LEDs. Jenoptik develops the optics:
Since LEDs scatter rays in all directions the light must be shaped
and directed. Corresponding optics are developed in Triptis, first
in the optics design program on the computer in order to subsequently
be produced in the injection molding procedure. “If
the right electronics and mechanics are complemented by highperformance
optics, this leads to excellent light solutions,” says
Mathias Goebel.
LED experts in Triptis and Berlin are operating in
an emerging market – and are bringing a few things
to light.
Light in Machines,
Numbers in Binoculars
Illuminating plant and storage facilities, machinery and machine
interiors – that’s the world in which the Optoelectronics Systems
business unit of Jenoptik is becoming increasingly active with
the LED modules. The field of machinery lighting emerged as a
result of an inquiry from a large company that specializes in
industrial electrical engineering. Its customers wanted lighting,
and Jenoptik came on board for its development and manufacture.
Reception for LED
In the future, LEDs will also play an important role in the office
environment. Jenoptik will shortly launch this in-house: From
July this year – and in time for the 20-year Jenoptik anniversary
– LED lighting systems will illuminate the reception of the
Jenoptik rotunda in the technology center in Jena. The modules
are currently being assembled in Taiwan. ”Perspectively,” reveals
Mathias Goebel, ”Jenoptik could also operate in assembly, as all
necessary requirements are present in Triptis.”
This also includes the light subsystem jointly developed with
Lumenova called Lumenova® Light Engine, which is primarily
used in public spaces. In Jena, Esslingen and at highway rest
areas there are already road sections illuminated at night by
white LED light – energy-efficient, precisely targeted and
there fore free from light pollution. In addition, LED lamps are
insect-friendly as the light contains neither infrared nor ultraviolet
light components, which insects otherwise find so
appealing.
Produced in cooperation with LEIDS GmbH:
a lighting system for a lucid high bay –
for light where it is needed.
12 13

Light diodes
LED stands for light-emitting diode, whose light originates from a
silicon semiconductor crystal. Silicon as such would not conduct
electricity well, that is why it is doped with gallium, indium or phosphor.
When power is applied, electrons flow through the crystal
lattice and, in a sense, push the impurity atoms. In this process, the
impurity atoms absorb energy, briefly get to a higher energy level in
order to return to the stable lower energy level a moment later. The
energy absorbed is emitted in the form of photons as light wave. No
heat is caused in this process; almost all of the energy is transformed
into light.
A customized LED module:
The wavelengths in which Jenoptik produces
LEDs are between 360 and 1750 nanometers.
The seven-segment display: on the right, a conventional
display, on the left, the new lightbars – brighter
and more economical in power consumption.
The illustration (right) shows the design of the
seven-segment display.
Berlin: Intensely luminous signs
From Triptis to Berlin where Dr. Bernd Kloth pleads, not entirely
seriously, for the good old digital watch to be issued with light
diodes. Because the first LED technology of the early 1980s was
glowing numbers on the first calculators or digital watches.
”They were replaced by LCD everywhere, above all, because the
batteries were used up so quickly,” he recalls of the shift to the
dark gray on light gray colored displays that dominate today.
The battery problem has now been eliminated as the new LED
display chips are 100 times more efficient than those previously
and power consumption lower by the same amount. So they
have become suitable for all types of portable devices for
illuminating any numbers, letters and symbols. ”As the power
distribution on the chip is now more even, an attractive light
image emerges.”
Jenoptik has, in the meantime, secured a unique position for the
display chips, in particular concerning the dynamics, assesses
the Product manager. In this case, dynamics stands for how
diversely the brightness can be adjusted. The chips from Berlin
are true all-rounders in the field: They can be adjusted as
needed, dimmed down at night or set very bright during snow
or bright sunshine. This is very useful, for example, in measuring
instruments such as rangefinders. They measure distances by
optical means, and the measured value is reflected in the optics.
This requires that the chips be very small as ”in optics there is
always very little space,” says the LED expert.
Optics manufacturers are knocking
Two factors, estimates Bernd Kloth, have contributed to this LED
leap in quality, “on the one hand our years of experience and,
on the other, the progress in material development, the epi-
taxy.” Epitaxy – this is the method of growing crystals as de -
sired. The crystalline material does not originate at Jenoptik, but
is bought and processed into display or point source chips. The
interest of optics manufacturers is huge: ”Companies that have
seen our new LED in the optical devices of our customers are
now contacting us,” says the Product manager.
In his view, there are not necessarily new applications for the
LEDs, which beam red at 650 nanometers: “They’re actually
already there; it’s just that the quality is better.” In addition to
range finders and distance measuring apparatus this also
includes binoculars as well as medical and sports medical
devices such as microscopy and the reflection of information in
glasses – present wherever numbers, letters and symbols are to
be displayed on the smallest possible area. “Maybe,” he muses,
”it’s time to reconsider whether LED displays do represent an
alternative to LCD in one way or another after all. In any case,
power consumption is small, especially if LCD displays are
actively illuminated. And brightness can be varied better for
LEDs as active beams.”
Points with point sources
In another area the Berliners are not alone, but have now drawn
level with the best: Based on the same technology – LED with
high dynamics – LED point sources with emission spot diameters
of 25 to 250 micrometers have been developed, whose light
intensity is five times greater than that of the previous generation.
Their emission area can be easily focused and is circular
and their lifespan is around 100,000 hours. Taken together, the
properties are useful for rotation sensors with which to calculate
positions or angles, for optical sights as a miniature light point,
for light barriers as a focused beam and for printers in line
arrays. Even here most applications already exist. “At best, it
could be, for example, that a light barrier becomes suitable for
wider doors than before, as the beam safely bridges the
distance,” feels Bernd Kloth.
However, these red LED point sources are also coming into
question for data transmission. Their switching times, at less
than five nanoseconds, are very short, while the current
handling capacity is particularly high. And finally, the homogeneous
image area and high light intensity is good for replacing
semiconductor lasers in a variety of sensory applications. So,
a quality leap that may have far-reaching consequences.
www.jenoptik.com
sales-oes@jenoptik.com
14 15

Jenoptik sets new standards in industrial metrology.
The Hommel-Etamic W5 is tiny, yet powerful for the
precise testing of surfaces.
Cornelia Ehrler
The Mini for Metrology.
At the 25 th anniversary of CONTROL 2011, the international
trade fair for quality assurance in Stuttgart, Jenoptik surprised
the audience with an innovation that looks small but has much
to offer: The new measuring device HOMMEL-ETAMIC W5
makes mobile testing of surfaces in production even more
comfortable. This roughness measuring is particularly important
in metal processing, for example in the automotive industry and
mechanical engineering, as the surface structure of the work
pieces has to be precise to the micrometer so that their quality
and functionality is guaranteed.
The new mini-device for roughness measurement has it all:
Every technical detail is convincing whether it be practical
relevance, performance or ease of use. Oliver Zanner, Marketing
representative of the Industrial Metrology division, sums up the
benefits simply and briefly: ”The HOMMEL-ETAMIC W5 is powerful,
reliable and versatile.”
Compact and powerful.
The W5 measuring device is, obviously, particularly small and
compact, a little larger than a glasses case and very light. It
weighs only 270 grams, a few grams more than a piece of
butter. Compared to its predecessor, the HOMMEL-ETAMIC
T500, the W5 may be a bit more angular, but above all, it is
state of the art. After two and a half years of development at
the Villingen-Schwenningen location, the new measuring device
HOMMEL-ETAMIC W5 is now in series production.
Because of its size and design, typically in Jenoptik blue, the
W5 lies securely in the hand of the tester and can be precisely
and stably positioned on the work piece to be tested. It functions
wirelessly and can therefore easily perform up to 800
roughness measurements, even vertically or upside-down, on a
single charge. In addition, it is also height adjustable: It can be
The new roughness measurement device HOMMEL-ETAMIC W5
is highly efficient and versatile. The measurement results can be
documented on site with the mobile printer.
adjusted to the appropriate work-piece height on its tripod legs.
”Or you can turn the mobile device into a stationary measuring
station with the new height-measuring tripod HS300,” explains
Oliver Zanner.
The specific measurement tasks are fulfilled by the W5 through
the various roughness sensors at the tip of the device, which are
easily replaceable. “The sensors also have long-term stability,”
says Oliver Zanner, ”which means that they do not have to be
readjusted.” The exact measurement results can be read on a
large color display on the top side of the W5. The device functions
are also quickly and easily selected via the color display
and the click wheel.
The high storage capacity allows up to 10,000 measurement
results to be stored directly on the W5. The device operates
with five measurement programs that are compliant with all
international standards for the filtering and evaluation of roughness
parameters. And there are a lot of them: The HOMMEL-
ETAMIC W5 processes 25 roughness parameters, which are
displayed on the color display.
Mobility prioritized.
“There are no limits to the mobility for roughness measurement,”
emphasizes Oliver Zanner, ”as the measurement results
can be documented on site. You either use the mobile printer
HOMMEL-ETAMIC P5 that is controlled via Bluetooth, the wireless
connection technology, and prints parameters, measure-
ment conditions and roughness profiles; or the results can be
transferred to a computer over the measurement device’s USB
interface.”
Precisely these technical properties of the W5 are also the
highlights for Adelbert Leber. “With the HOMMEL-ETAMIC W5
we are ahead of the market,” says the Product manager in Villingen-Schwenningen.
”Bluetooth in this type of mobile measuring
device is otherwise not yet available on the market. The W5 is
also the only one that illuminates the measuring point. And the
size of the device makes it the lightest and most compact in its
class,” says Adelbert Leber not without some pride.
A further development, says Adelbert Leber, is the new platform
concept that the Industrial Metrology division has introduced
with the development of the W5. This has made the integration
of a new generation of electronics and user software possible,
which can now also be used in other products.
After the CONTROL trade fair, Oliver Zanner draws the conclu-
sion. ”Quality assurance is absolutely essential in production,
and our measuring devices – whether mobile or stationary,
small or large – are ideally suited for our customers’ individual
measurement tasks.”
www.jenoptik.com
oliver.zanner@hommel-etamic.com
16
17

Editorial team
In 2011 Jenoptik celebrates the company’s 20 th anniversary. According to
plans of the privatization agency “Treuhandanstalt”, Jenoptik should not
have existed this long. But, with an entrepreneurial spirit and motivated
employees, the foundation was laid for today’s global optoelectronics Group.
From GDR Collective to
Technology Group.
A big thank you
to all employees
and supporters!
18 19

Twenty years ago, the Group’s future was not looking as bright.
Jenoptik was created during the reunification period from the
publicly owned enterprise VEB Carl Zeiss Jena, from which the
“Treuhandanstalt” (Trust agency) initially founded JENOPTIK
Carl Zeiss Jena GmbH. This reflected the Jenoptik brand, which
had existed since the fifties and, from 1971, was used for Zeiss
Jena products in the Western states.
Negotiations between the Trust, Carl Zeiss in the East and
West as well as the state governments in Thuringia and Baden-
Württemberg were completed in June 1991 with an agreement
in principle on the restructuring of the Jena parent company
with 13 businesses and about 30,000 employees. Carl Zeiss Jena
GmbH and JENOPTIK GmbH, in which the state of Thuringia
had a 100 percent holding, emerged out of JENOPTIK Carl Zeiss
Jena GmbH. JENOPTIK GmbH assumed the business areas of
optoelectronics, systems engineering and precision manufacturing,
as well as the majority of Zeiss property, as the legal successor
of the Zeiss collective. Jenoptik was considered not capable
of being restructured, with around 17,500 Zeiss employees laid
off by the end of 1991 in Jena alone.
According to the trust deed, the former publicly owned com-
pany was to be “liquidated” with 3.6 billion DM. Minus debts,
pensions and subsidies for outsourced businesses, about 600
million DM remained for Jenoptik, which was to cover losses
until 1995 by which time Jenoptik should really have been a part
of history. But Lothar Späth, as the first Managing Director of
Jenoptik, former Premier of the federal county of Baden-Württemberg,
had other plans. He developed, restructured or sold
Zeiss property. Jenoptik was able to offset the losses in business
operations and to report a small profit already in 1993. Above
all, it was possible to buy companies with established distribution
networks in the western states. One of the largest acquisitions
was the Meissner + Wurst GmbH in Stuttgart in 1994,
which specialized in clean-room technology for chip factories.
Jenoptik has been operating as an Aktiengesellschaft (pub-
lic company) since the start of 1996; from 1997, the state of
Thuringia held 49.99 percent of Jenoptik. Jenoptik was restructured
in preparation for the IPO in June 1998. After the IPO,
Jenoptik increased its focus on the traditional core businesses
of lasers, optics, sensors and mechatronics. As early as 1997,
Jenoptik acquired ESW-Extel Systems GmbH, which strengthened
the Photonics and Sensors units and is today the largest
subunit of the Defense & Civil Systems division. ROBOT Foto
and Electronic GmbH, purchased in 1999, is now the Traffic
Solutions division, while Hommelwerke GmbH from Villingen-
Schwenningen, purchased in 2000, represents the Industrial
Metrology division. In 2006, Jenoptik separated from M + W
Zander, and thus 85 percent of sales at the time. For the first
time in its existence, Jenoptik focused on the traditional hightech
businesses surrounding optoelectronics, which continues
to this day.
This concentration on core competence has been supported
with a new divisional structure since 1997 under the new
leadership of Michael Mertin. With its five divisions of Lasers
& Material Processing, Optical Systems, Industrial Metrology,
Traffic Solutions and Defense & Civil Systems, Jenoptik is more
closely oriented to the global markets and its customers, which,
in particular, include companies from the semiconductor and
semiconductor equipment manufacturing industry, automotive
and automotive supplier industry, medical technology, security
and defense technology as well as the aviation industry.
Apart from commercial operations, Jenoptik carries responsi-
bility for youth, science and social affairs. Jenoptik has been
the third partner in the “Jenaer Bildungszentrum – Schott,
Carl Zeiss, Jenoptik” (Jena Educational Center) since 2009, in
which the three companies combine their training in Thuringia.
Jenoptik cooperates with the Jena universities in research and
development, among others at the Abbe School of Photonics.
Social responsibility is also reflected in the day care center
“Saaleknirpse”, which had been built on behalf of JENOPTIK AG
in Jena to give employees a better work/family balance.
In the 2011 anniversary year, Jenoptik is ”a financially and
economically sound company,” as Michael Mertin highlights.
The positive development of the Group is continuing in 2011
and has been reflected in its best first quarter in the company’s
recent history. A big thank you to all employees and supporters! www.jenoptik.com
pr@jenoptik.com
20 21

22
JENOPTIK AG
Carl-Zeiß-Straße 1
D-07739 Jena
www.jenoptik.com
Public Relations
Phone +49(0)3641 65-2255
Fax +49(0)3641 65-2484
pr@jenoptik.com