Jul 01, 2008 06:30
QPC Lasers Wins $3.5 Million Contract for Red-Green-Blue Lasers for 3D Laser Projectors
Initial Order for BrightLase(R) RGB Lasers for Delivery in 2008-2009 Signals Production Ramp and Follows Recent Successful Demonstrations of Visible Laser Technology
SYLMAR, Calif. --(Business Wire)-- Jul. 1, 2008
QPC Lasers, Inc. (OTCBB:QPCI) "QPC," a world leader in the
development and commercialization of high brightness, high power
semiconductor chip-based lasers for the consumer electronics,
industrial, defense, and medical markets, today announced that it has
won a $3.5 Million contract to develop and deliver high power
integrated red-green-blue "RGB" lasers to be used in laser projection
systems to enable more vibrant, high resolution 3-dimensional images.
The contract is comprised of $2 Million of non-recurring engineering
fees for product development and an initial $1.5 Million purchase
order; the initial product order is expected to cover customer
requirements to seed the market prior to their anticipated mass
production phase. The order comes from a domestic company in the video
gaming/entertainment industry and represents the second major consumer
electronics order for the Company; the Company also announced a $12
million contract with another customer for Laser TV in December 2007
(see announcement dated November 30, 2007).
The high power RGB integrated lasers leverage QPC's proprietary
and patented BrightLase(R) semiconductor technology which enables low
cost of manufacture, and good power efficiency in a compact package.
Development for this client has already commenced; product shipments
are expected to begin this summer and to be completed by the end of
2009.
"We believe that QPC's visible laser technologies are unique
enablers for a variety of thrilling new consumer electronic displays,
and we are pleased to see them being incorporated into the emerging 3D
display market," said President and CEO Dr. Jeffrey Ungar. "It is very
exciting to see our visible lasers, which were publicly displayed
relatively recently, moving so rapidly into the market at many
levels."
"QPC's BrightLase(R) RGB lasers offer an excellent light source
for display applications because brilliant images with expanded color
gamut can be obtained from a tiny, energy efficient, low cost
integrated module," continued Ungar. "QPC's compact, highly reliable
and efficient laser designs offer a superior solution to the
expensive, short lived, and inefficient UHP lamps that are engines in
conventional display technologies, and offer performance superior to
LED based sources," concluded Ungar.
QPC demonstrated its visible laser technology at two very
prominent and prestigious consumer electronics industry events- the
Society of Information (SID) Display Week 2008 in Los Angeles (see
prior announcement dated May 13, 2008) and the Projection Summit 2008
in Las Vegas (see prior announcement dated June 16, 2008). QPC also
recently announced its founding membership in the 3D Home Consortium,
an elite alliance of high-tech industry leaders such as Samsung,
Disney and Philips (see announcement dated April 17, 2008).
For more information, see http://www.QPClasers.com .
Forward Looking Statements
This release contains forward looking statements about our future
prospects that reflect the current expectations of the Company's
management. These expectations are based upon information currently
available to Company management, as well as management's estimates and
assumptions regarding future events. The words "anticipate",
"believe", "estimate", "expect", "future", "intend", "plan" or the
negative of these terms and similar expressions identify forward
looking statements. Such forward looking statements are subject to
risks, uncertainties, assumptions and other factors that could cause
the Company's actual results to differ materially from those expressed
in the forward looking statements. Our expectations with respect to
the contract discussed in this release could be materially affected by
(i) our inability to develop products that conform to agreed
specifications, (ii) unexpected delays encountered in the development
and production of the lasers which are the subject of this contract,
(iii) the development of competing products or technologies which
provide superior performance to our products, (iv) challenges to our
intellectual property rights as they relate to the products covered by
this contract, (v) cancellation of outstanding purchase orders, (vi)
difficulties encountered in ramping up production to meet the purchase
orders received under this contract and (vii) unexpected financial
difficulties encountered by the counterparty to the contract. For more
detailed information about the risk factors which affect our business
operations and future prospects, see the section entitled "Risk
Factors" in our reports filed with the Securities and Exchange
Commission, including our report on Form 10-QSB for the period ended
September 30, 2007.
Purchase Orders and Contracts
The Company's purchase orders and contracts are subject to
standard commercial cancellation terms and conditions.
About QPC Lasers, Inc.
QPC Lasers, Inc. ( http://www.QPClasers.com ) is a world leader in the
development, manufacture and distribution of high-brightness,
high-power semiconductor lasers for the consumer electronics, defense,
homeland security, industrial, and medical markets. Founded in the
year 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 suburb of
Sylmar, CA. QPC is a publicly traded U.S. company (OTCBB:QPCI) and is
ISO certified.
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=13...&Nav=0&S=0&L=1
QPC Lasers, Inc.
Marie Dagresto, Director of Investor Relations
818-986-0000
[email protected]
http://www.QPClasers.com
QPC Lasers Wins $3.5 Million Contract for Red-Green-Blue Lasers for 3D Laser Projectors
Initial Order for BrightLase(R) RGB Lasers for Delivery in 2008-2009 Signals Production Ramp and Follows Recent Successful Demonstrations of Visible Laser Technology
SYLMAR, Calif. --(Business Wire)-- Jul. 1, 2008
QPC Lasers, Inc. (OTCBB:QPCI) "QPC," a world leader in the
development and commercialization of high brightness, high power
semiconductor chip-based lasers for the consumer electronics,
industrial, defense, and medical markets, today announced that it has
won a $3.5 Million contract to develop and deliver high power
integrated red-green-blue "RGB" lasers to be used in laser projection
systems to enable more vibrant, high resolution 3-dimensional images.
The contract is comprised of $2 Million of non-recurring engineering
fees for product development and an initial $1.5 Million purchase
order; the initial product order is expected to cover customer
requirements to seed the market prior to their anticipated mass
production phase. The order comes from a domestic company in the video
gaming/entertainment industry and represents the second major consumer
electronics order for the Company; the Company also announced a $12
million contract with another customer for Laser TV in December 2007
(see announcement dated November 30, 2007).
The high power RGB integrated lasers leverage QPC's proprietary
and patented BrightLase(R) semiconductor technology which enables low
cost of manufacture, and good power efficiency in a compact package.
Development for this client has already commenced; product shipments
are expected to begin this summer and to be completed by the end of
2009.
"We believe that QPC's visible laser technologies are unique
enablers for a variety of thrilling new consumer electronic displays,
and we are pleased to see them being incorporated into the emerging 3D
display market," said President and CEO Dr. Jeffrey Ungar. "It is very
exciting to see our visible lasers, which were publicly displayed
relatively recently, moving so rapidly into the market at many
levels."
"QPC's BrightLase(R) RGB lasers offer an excellent light source
for display applications because brilliant images with expanded color
gamut can be obtained from a tiny, energy efficient, low cost
integrated module," continued Ungar. "QPC's compact, highly reliable
and efficient laser designs offer a superior solution to the
expensive, short lived, and inefficient UHP lamps that are engines in
conventional display technologies, and offer performance superior to
LED based sources," concluded Ungar.
QPC demonstrated its visible laser technology at two very
prominent and prestigious consumer electronics industry events- the
Society of Information (SID) Display Week 2008 in Los Angeles (see
prior announcement dated May 13, 2008) and the Projection Summit 2008
in Las Vegas (see prior announcement dated June 16, 2008). QPC also
recently announced its founding membership in the 3D Home Consortium,
an elite alliance of high-tech industry leaders such as Samsung,
Disney and Philips (see announcement dated April 17, 2008).
For more information, see http://www.QPClasers.com .
Forward Looking Statements
This release contains forward looking statements about our future
prospects that reflect the current expectations of the Company's
management. These expectations are based upon information currently
available to Company management, as well as management's estimates and
assumptions regarding future events. The words "anticipate",
"believe", "estimate", "expect", "future", "intend", "plan" or the
negative of these terms and similar expressions identify forward
looking statements. Such forward looking statements are subject to
risks, uncertainties, assumptions and other factors that could cause
the Company's actual results to differ materially from those expressed
in the forward looking statements. Our expectations with respect to
the contract discussed in this release could be materially affected by
(i) our inability to develop products that conform to agreed
specifications, (ii) unexpected delays encountered in the development
and production of the lasers which are the subject of this contract,
(iii) the development of competing products or technologies which
provide superior performance to our products, (iv) challenges to our
intellectual property rights as they relate to the products covered by
this contract, (v) cancellation of outstanding purchase orders, (vi)
difficulties encountered in ramping up production to meet the purchase
orders received under this contract and (vii) unexpected financial
difficulties encountered by the counterparty to the contract. For more
detailed information about the risk factors which affect our business
operations and future prospects, see the section entitled "Risk
Factors" in our reports filed with the Securities and Exchange
Commission, including our report on Form 10-QSB for the period ended
September 30, 2007.
Purchase Orders and Contracts
The Company's purchase orders and contracts are subject to
standard commercial cancellation terms and conditions.
About QPC Lasers, Inc.
QPC Lasers, Inc. ( http://www.QPClasers.com ) is a world leader in the
development, manufacture and distribution of high-brightness,
high-power semiconductor lasers for the consumer electronics, defense,
homeland security, industrial, and medical markets. Founded in the
year 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 suburb of
Sylmar, CA. QPC is a publicly traded U.S. company (OTCBB:QPCI) and is
ISO certified.
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=13...&Nav=0&S=0&L=1
QPC Lasers, Inc.
Marie Dagresto, Director of Investor Relations
818-986-0000
[email protected]
http://www.QPClasers.com
