QPC Lasers Announces Completion of Development Milestones for 12 Million Laser-TV Contract

QPC Lasers, Inc. 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, announced that the company has successfully met the laser performance milestones for all three colors (red, green and blue) in connection with its recently announced $12 Million Laser TV contract, thereby completing the technology development phase of the contract. The contract with a major Asian manufacturer of consumer electronics provides for an exclusive supply relationship, and 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.

“QPC is enabling a new generation of lower cost and dramatically improved high definition large screen televisions by replacing today’s poor quality light sources with our bright, power efficient, cost effective and ultra compact lasers,” said QPC co-founder and CEO Dr. Jeffrey Ungar. “Utilizing QPC’s unique laser technology instead of LEDs, OLEDs and other poor quality and inefficient light beam sources, consumers will see a broader visible color spectrum, and a sharper, brighter, more vivid image than today’s LCD or Plasmas can offer,” continued Dr. Ungar.

“In addition to televisions, a variety of projection displays are in position to profit from QPC’s superior laser light sources including portable projectors for cell phones and laptops, home and commercial theatre, as well as 3 Dimensional applications for which we announced a $3.5 Million contract last week,” Ungar concluded.

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%.