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QPC Lasers, Inc. (OTCBB:QPCI) "QPC" today announced the United
States Navy has awarded it two contracts totaling $1 million to
deliver high-energy laser engine prototypes for naval aviation
directed energy weapons applications.
The QPC laser prototypes are being developed for potential
deployment onto naval aviation platforms and utilize QPC's patented
and proprietary semiconductor laser technologies which are designed to
achieve a 10x reduction of cost, size, and weight compared to
conventional laser technology.
"Having successfully completed earlier-stage Naval Aviation laser
technology development contracts whose objective was single-unit
laboratory demonstration, we are excited that the new contracts
advance this QPC technology to the production prototype stage," said
George Lintz, Chief Operating Officer, QPC. "There is no more
demanding customer or application for QPC's Brightlase(TM) and
surface-emitting lasers technologies than the U.S. military, and we
are confident in our ability to cost effectively deliver superior
performance."
The concurrent nine-month contracts build upon the Company's
previous high-brightness chip-based laser development for the U.S.
Navy, as well as for the U.S. Defense Advanced Research Projects
Agency (DARPA), the U.S. Army, the Missile Defense Agency, and the
Israeli Ministry of Defense.
The contracts leverage three of QPC's proprietary and patented
technologies:
-- Low-cost high-power surface-emitting lasers (HPSEL(TM))
technology. The HPSEL technology enables QPC to place hundreds
of high-brightness lasers onto a single chip which we believe
will enable our products to achieve high power and brightness
with a size, cost, and weight savings of more than 10x
compared with conventional laser technologies.
-- Rugged military fiber coupled module production capability
designed for reliable operation in demanding military
environments applications.
-- BrightLase(TM) high-power, high-brightness lasers which are
designed to produce laser beams more than ten times brighter
than conventional semiconductor lasers used in industrial and
medical applications.
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.
About QPC Lasers, Inc.
QPC Lasers, Inc. (www.QPClasers.com) is a world leader in the
development and commercialization of high-brightness, high-power
semiconductor lasers for the 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.
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