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6 March 2008


QPC’s revenues grow 158% in 2007

QPC Lasers Inc of Los Angeles suburb Sylmar, CA, USA, a vertically integrated manufacturer of high-power lasers for the consumer electronics, industrial, defense and medical markets founded in 2000, says that its preliminary fourth-quarter 2007 revenues are expected to be $2.8m, up 27% on Q3/2007 and up 119% year-on-year.

This takes full-year 2007 revenue to $7.9m, up 158% on 2006 and at the upper end of October’s guidance of $7-8m (which itself had been raised from previous guidance, given in August, of $6-7.5m).

“Solid preliminary 2007 revenue results represent our third sequential year of triple-digit revenue growth,” says executive vice chairman and chief financial officer George Lintz. “We successfully launched our Generation III lasers this past fall [in Q3/2007],” he adds. “Products based on our advanced technology have quickly gained traction in the consumer electronics and medical markets, already resulting in a number of new contracts [with initial units already shipped].”

As highlights of 2007, QPC says that it: (in December) launched the Ultra-500 high-power laser, offering up to 425W in output power; (in November) announced a $12m laser TV contract (with a potential value up to $230m); (in October) won a $750,000 contract from a US defense customer for fiber-laser engines designed for specialized airborne weapons applications; (in September) demonstrated a new green laser for multiple display applications; (in February) shipped laser engines at eye-safe wavelengths to US defense contractors (demonstrating a critical technology milestone for a US Army contract); and (in January) announced a partnership with defense contractor Northrop Grumman.

QPC plans to announce full financial results later this month.

See related items:

QPC debuts Ultra-500 and demos visible lasers for displays

QPC wins $1.3m in new orders for BrightLase Ultra Lasers

QPC launches Ultra-500 high power laser product family

QPC raises full-year 2007 revenue guidance to 2.5x 2006

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