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,”
Taiwan’s leading optical consumer electronics
manufacturer; AOCI has successfully demonstrated a sixty inch image
based on RPTV Laser TV technology at QPC’s
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 Taiwan’s 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; AOCI’s
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.
QPC’s 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 AOCI’s
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.
“QPC’s 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 Company’s 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
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