SYLMAR, Calif. - (Business Wire) QPC Lasers Inc. (QPC) (OTCBB:
QPCI), a leader in the design and manufacture of high-brightness, high-power semiconductor lasers, today announced that it has received an order from an undisclosed global leader in digital information equipment, including copiers, scanners, printers, projectors and other electronic devices. The order includes customized green laser design and delivery for use in the development of a commercial laser projector. Leveraging QPC
’s industry leading green laser technology, QPC has received over $15 million in new orders for its visible lasers since the first demonstration of its visible laser technology in September 2007. The Company has also recently received initial product orders from several other major consumer electronics companies and QPC believes these initial orders to have the potential to result in a number of additional and larger size orders.
“We are honored to receive an initial order from this industry leader as further validation of our next generation green laser technology,” said QPC’s Vice President of Marketing and Sales Paul Rudy, Ph.D. “It is well known in the display industry that green lasers are the most challenging laser color to produce for commercial projectors because of unique and demanding performance and cost requirements. We believe that our green laser technology can enable higher brightness displays with substantially reduced power consumption and attractive costs compared to other green lasers commercially available in the past.”
Rudy continued, “Our vision is to produce world-leading green lasers, as well red and blue lasers for laser display applications from 10 lumens to 10’s of thousands of lumens.”
QPC’s visible laser technology offers display customers high speed modulation and highly efficient operation with minimal power consumption from a cost effective, high volume design. The company’s lasers are already being used to develop high-definition laser TV’s, 3D Projectors, handheld micro projectors (often dubbed “pico” projectors) and a variety of other potential display applications.
For more information, see www.QPClasers.com.
About QPC Lasers, Inc.
QPC Lasers, Inc. (OTCBB: QPCI) is a leader in the development and commercialization of high-brightness, high-power semiconductor chip-based lasers for the consumer electronics, defense, industrial, and medical markets. Founded in 2000, QPC is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles area. QPC holds 16 patents (9 fully issued, 7 pending) and is ISO certified.
Forward Looking Statements This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Factors That May Affect Future Performance") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The foregoing discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
Purchase Orders and Contracts The Company’s purchase orders and contracts are subject to standard commercial cancellation terms and conditions.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link:
http://www.b2i.us/irpass.asp?BzID=1392&to=ea&Nav=0&S=0&L=1
QPC Lasers, Inc.
Marie Dagresto, Director of Investor Relations
818-986-0000
investors@qpclasers.com
www.QPClasers.com
