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SYLMAR, Calif., May 14 /PRNewswire-FirstCall/ -- Planning Force Inc., (the "Company") (OTC Bulletin Board: PLFC), announced that it has changed its name to QPC Lasers, Inc. and acquired substantially all of the outstanding shares of Quintessence Photonics Corporation ("QPC") in a reverse merger transaction. At the closing of the transaction, the Company replaced its officers and directors with officers and directors of QPC. The Company has applied for a new OTCBB trading symbol and expects the new symbol to be issued in about 10 days.
QPC develops and produces next generation high-power, high-brightness semiconductor lasers and associated optical components for industrial, military, homeland security and medical markets. QPC's proprietary technology enables it to produce high-power lasers that have a greatly reduced cost, size, weight and power consumption than conventional lasers with greatly increased efficiency and durability. QPC believes this technology will enable it to acquire significant market share in the existing market for high-power lasers and to create markets and uses for high-power lasers that are not possible with conventional lasers.
QPC was founded in November 2000 with backing from strategic and venture capital investors. Its proprietary technology platform was developed by a staff that includes ten Ph.D.s as well as other eminent scientists and engineers in the field of high-power lasers. Its intellectual property consists of three issued patents and 13 pending patent applications as well astrade secrets, and is expected to, over the next 12 to 24 months, enable QPC to introduce high performance, low-cost lasers to a multi-billion dollar global marketplace.
QPC manufactures next-generation, high-power, high-brightness lasers for avariety of industrial commercial and military purposes. QPC believes its breakthrough technology platform will enable it to replace or improve legacy laser technologies embedded in the manufacturing infrastructure of the industrialized world, and could enable the widespread deployment of directed energy weapons and infrared countermeasures for use in defense and homelandsecurity.
QPC has developed multiple innovating technologies, with each representing large-scale commercial potential and when taken together constitute a uniqueand broad portfolio of intellectual property. It has a number of important technologies that address different issues of laser performance. Specifically, QPC believes it offers technology to produce the industry's highest brightness lasers, the highest beam quality for focus on a tight spot, the highest powerdensity, the most robust and precise wavelength control, the highest efficiency, and the world's only technology for mid-infrared diode lasers for homeland security and defense applications.