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SYLMAR, Calif.--(BUSINESS WIRE)--May 31, 2006--Quintessence Photonics Corporation, a subsidiary of QPC Lasers, Inc. (OTCBB:QPCI), a world leader in the design and manufacture of high brightness, high power semiconductor lasers, announced today that it has received a subcontract for the development of high power, high brightness semiconductor lasers as part of the Defense Advanced Research Projects Agency's (DARPA) program for Architecture for Diode High Energy Laser Systems (ADHELS). QPCI's portion of the DARPA award is for $3.1M including all phases.
The DARPA ADHELS program is a 36 month program dedicated to developing direct electric-to-optical semiconductor laser architectures to produce a new generation of compact high brightness, high energy laser systems. The program aims to generate high power, high brightness laser beams of military interest for tactical applications.
"Defense applications are an area of strategic focus for QPCI, and we are very pleased to have been competitively selected for award for this pioneering program. Our work for the program will combine our proprietary and patented surface emitting laser with our high power multi-watt, single mode, single frequency laser technologies at wavelengths suitable for efficient atmospheric transmission," stated Paul Rudy, Ph.D., Vice President of Marketing and Sales for QPCI.
Forward Looking Statements
This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
About Quintessence Photonics Corporation
Quintessence Photonics Corporation (www.qpclasers.com) is a world leader in the development and commercialization of high brightness, high power semiconductor lasers for the industrial, defense, and medical markets. Founded in the year 2000, QPCI is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles suburb of Sylmar, CA.