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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
 

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Discussion Starter #2
Jul 07, 2008 09:58

QPC Lasers Announces Completion of Development Milestones for $12 Million Laser TV Contract

Leader in high power chip-based laser technology demonstrates prototype high brightness red-green-blue lasers for next generation Laser TV

SYLMAR, Calif. --(Business Wire)-- Jul. 7, 2008

QPC Lasers, Inc. (OTCBB:QPCI) "QPC," a world leader in the design

and manufacture of high brightness, high power semiconductor

chip-based lasers for the consumer electronics, industrial, defense,

and medical markets, announced that the company has successfully met

the laser performance milestones for all three colors (red, green and

blue) in connection with its recently announced $12 Million Laser TV

contract, thereby completing the technology development phase of the

contract. The contract with a major Asian manufacturer of consumer

electronics provides for an exclusive supply relationship, and

provides for an $11 Million supply agreement to be delivered over the

next three years and carries a potential value of up to $230 million

over the 10 year term of the contract.



"QPC is enabling a new generation of lower cost and dramatically

improved high definition large screen televisions by replacing today's

poor quality light sources with our bright, power efficient, cost

effective and ultra compact lasers," said QPC co-founder and CEO Dr.

Jeffrey Ungar. "Utilizing QPC's unique laser technology instead of

LEDs, OLEDs and other poor quality and inefficient light beam sources,

consumers will see a broader visible color spectrum, and a sharper,

brighter, more vivid image than today's LCD or Plasmas can offer,"

continued Dr. Ungar.



"In addition to televisions, a variety of projection displays are

in position to profit from QPC's superior laser light sources

including portable projectors for cell phones and laptops, home and

commercial theatre, as well as 3 Dimensional applications for which we

announced a $3.5 Million contract last week," Ungar concluded.



QPC previously demonstrated its green laser based on frequency

doubling of its proprietary BrightLase(R) single-mode laser

technology. (See prior announcement, September 18, 2007.)

BrightLase(R) single-mode lasers produce single frequency output

powers exceeding 9 Watts continuous wave and peak conversion

efficiencies greater than 50%.



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

"Risk Factors") 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 following 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.



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
[email protected]

818-986-0000
http://www.QPClasers.com
 
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