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Updated: July 8th, 2008 05:26 PM CDT

MRC Optics Receives Arrowhead Lot 4 Components Contract from Lockheed Martin

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Photonic Products Group, Inc. develops, manufactures, and markets productsand services for use in diverse photonics industry sectors via its portfolioof distinctly branded businesses. INRAD specializes in crystal-based opticalcomponents and devices, laser accessories, and instruments. Laser Opticsspecializes in precision custom optical components, assemblies, and opticalcoatings. MRC Optics' business specializes in precision diamond turnedoptics, metal optics, and opto-mechanical and electro-optical assemblies.PPGI's customers include leading corporations in the defense and aerospace,laser systems, and process control and metrology sectors of the photonicsindustry, as well as the U.S. government. Its products are also used byresearchers at national laboratories and universities worldwide.

Safe Harbor Statement under the Private Securities Litigation Reform Actof 1995: The statements contained in this press release that are not purelyhistorical are forward looking statements within the meaning of Section 27A ofthe Securities Act of 1933 and Section 21E of the Securities Act of 1934.These statements may be identified by their use of forward-looking terminologysuch as "believes", "expects", "should", "will", "plan", "targeting" orsimilar words. Such forward-looking statements, such as our expectation forrevenues, new orders, and income, involve risks and uncertainties that couldcause actual results to differ materially from those projected. Risks anduncertainties that could cause actual results to differ materially from suchforward looking statements are, but are not limited to, uncertainties inmarket demand for the Company's products or the products of its customers,future actions by competitors, inability to deliver product on time, inabilityto implement its growth strategies or to integrate new operations, inabilityto realize synergies from its acquisitions, inability to raise capital,inability to retain or find key employees, and other factors discussed fromtime to time in the Company's filings with the Securities and ExchangeCommission. The forward looking statements made in this news release are madeas of the date hereof, and Photonic Products Group, Inc., does not assume anyobligation to update publicly any forward looking statement.

SOURCE Photonic Products Group, Inc.


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