Jul 1 2008
QPC Lasers, Inc., 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, today 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 (see announcement dated November 30, 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."
"QPC’s BrightLase® RGB lasers offer an excellent light source for display applications because brilliant images with expanded color gamut can be obtained from a tiny, energy efficient, low cost integrated module," continued Ungar. "QPC’s compact, highly reliable and efficient laser designs offer a superior solution to the expensive, short lived, and inefficient UHP lamps that are engines in conventional display technologies, and offer performance superior to LED based sources," concluded Ungar.
QPC demonstrated its visible laser technology at two very prominent and prestigious consumer electronics industry events- the Society of Information (SID) Display Week 2008 in Los Angeles (see prior announcement dated May 13, 2008) and the Projection Summit 2008 in Las Vegas (see prior announcement dated June 16, 2008). QPC also recently announced its founding membership in the 3D Home Consortium, an elite alliance of high-tech industry leaders such as Samsung, Disney and Philips (see announcement dated April 17, 2008).