QPC Lasers Announces Asia Optical as Customer in Laser TV Contract; Successfully Demonstrate Laser TV Technology

2008-08-05 05:30:00

QPC Lasers Announces Asia Optical as Customer in Laser TV Contract; Successfully Demonstrate Laser TV Technology

60” Display Generated with QPC’s

BrightLase® RGB Lasers in connection with

previously announced contract

SYLMAR, Calif.–(EMWNews)–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, today announced that the

customer in recently announced $12 Million Laser TV Contract is Asia

Optical (Taiwan Stock Exchange: 3019) AOCI,

Taiwans leading optical consumer electronics

manufacturer; AOCI has successfully demonstrated a sixty inch image

based on RPTV Laser TV technology at QPCs

headquarters in Los Angeles, CA. QPC initially announced the Laser TV

development and production contract in November 2007, and completed the

development just last month, marking an important milestone in the path

to consumer available Laser TV. The contract with AOCI is an exclusive

supply relationship which 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.

Asia Optical Co. Inc. is Taiwans leading

original equipment manufacturer OEM

and original designed manufacturer ODM

of optical instruments, including fiber optics, digital cameras, DVD

imaging, laser range finders and more. The company designs, manufactures

and distributes its products all over the world; AOCIs

products are sold under a number of well known household consumer

electronic brand names. AOCI was founded in 1981, and today annual sales

exceed $1 Billion USD.

QPCs BrightLase®

Red-Green-Blue RGB

lasers offer advantages to consumer electronics manufacturers including

expanded color gamut for an exceptionally bright visual experience, low

power consumption, an ultra compact footprint, and are designed for low

cost high volume manufacturing. QPC offers integrated visible laser

technologies designed to be compatible with the leading micro-display

technology including LCOS, scanning micro-mirrors, DLP and LCD.

We are honored to be working with Asia

Optical and are very excited to announce this demonstration, which we

feel stands as a disruptive technology to the market,

said co-Founder and Chief Executive Officer of QPC, Dr. Jeffrey Ungar. QPC

recently entered the market for visible lasers late last year, and

announced our Laser TV contract with Asia Optical in November of 2007.

Less than eight months later we have delivered our lasers to spec and

Asia Optical has already demonstrated a very large and impressive first

image; I believe this achievement is a testament to AOCIs

engineering team, our next-generation technology, and our combined

synergies which I am confident will enable a highly competitive family

of laser televisions.

Utilizing QPC’s high power, compact, and cost effective semiconductor

laser technology, laser displays offer a dramatically improved viewing

experience compared to other older and/or more expensive technologies

available today such as those based on lamps, plasma, LCDs, and

conventional cathode ray tubes. Consumers may enjoy substantially more

vibrant, life-like colors with the high resolution and wide viewing

angles from lightweight, low cost, slim-profile devices.

QPCs ultra high

quality laser beam technology is unique, is protected by 16 patents,

trade secrets and proprietary processes; in addition to televisions, a

variety of projection displays are in position to profit from our

superior laser light sources including portable projectors for cell

phones and laptops, home and commercial theatre, video gaming as well as

3 Dimensional applications for which we announced a $3.5 Million

contract earlier this month, Ungar concluded.

QPC completed the required development milestones on July 7, 2008 (see

announcement) and originally announced the $12 Million contract in

November 2007 (see

announcement). QPC demonstrated its first green laser based on

frequency doubling of its proprietary BrightLase®

single-mode laser technology. (See

announcement.)

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 Companys purchase orders and contracts

are subject to standard commercial cancellation terms and conditions.

About QPC Lasers, Inc.

QPC Lasers, Inc. (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.

About Asia Optical Co. Inc.

For over 20 years, Asia Optical Co. Inc. has developed core technologies

for the optical industry, accumulating unsurpassed experience. Asia

Optical is capable of producing a wide range of products on an OEM and

ODM basis, including optical components (lenses, lens head units,

prisms, mirrors, filters, etc.), laser rangefinders, microscopes and

cameras. Asia Optical is traded on the Taiwan Stock Exchange under

symbol 3019. For more information please visit www.asia-optical.com

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

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