Mar 13 2008
QPC Lasers, Inc., a world leader in the design and manufacture of high brightness, high power semiconductor lasers for the consumer electronics, industrial, defense, and medical markets, announced that the company has delivered initial semiconductor lasers in connection with its recently announced Laser TV contract, fulfilling the first $1 Million of the development phase of the contract. The contract provides for an exclusive supply relationship that carries a potential value of up to $230 million over the 10 year term of the contract.
“Through QPC’s innovative high brightness chip based technology, we are enabling a new generation of Laser TV with our compact, low cost and high efficiency lasers,” said QPC co-founder and CEO Dr. Jeffrey Ungar. “We are excited to deliver the initial modules in connection with our recently announced $12 Million Laser TV contract, and we believe our proprietary BrightLase® technology will provide us with unprecedented advantages in the multi-billion dollar high growth consumer electronics sector, including miniature mobile projectors for mobile phones, PDAs, and laptops, along with displays for automobiles and cockpits,” Ungar concluded.
“Pursuant to the contract, we recognized $1 million of initial milestone revenues in the fourth quarter of 2007, and continue to expect deliveries under the $11 million purchase order over the next three years,” said QPC co-founder and CFO George Lintz. “We believe that QPC can become a leader in providing lasers for a new generation of consumer electronics displays, and we are committed to capitalizing on these opportunities as well as continued growth and in all our key markets,” concluded Lintz.
QPC previously demonstrated its green laser based on frequency doubling of its proprietary BrightLase® single-mode laser technology. (See prior announcement, September 18, 2007.) BrightLase® single-mode lasers produce single frequency output powers exceeding 9 Watts continuous wave and peak conversion efficiencies greater than 50%.