QPC Lasers Wins $3.5 Million Contract for Red-Green-Blue Lasers for 3D Laser Projectors

QPC Lasers, 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, 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.

The high power RGB integrated lasers leverage QPC's proprietary and patented BrightLase 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."

Source: FoxBusiness