Laser TV News 06 Mar 2008 10:54 pm
Laser TV Stocks to Watch Part II
QPC Lasers Inc.
Lasers are hot. Defense contractors, research companies, medical device manufacturers, industrial companies, and electronics makers, all have a growing need for laser diodes and semiconductor lasers. QPC Lasers, based in
As a recent article suggests, Laser TV and laser based displays, will provide new markets for laser manufacturers. QPC Lasers secured a potentially huge contract last year to develop and deliver lasers to be used in television displays. An unknown international manufacturer of consumer electronics, secured the rights to QPCI’s proprietary BrightLase® semiconductor lasers. The contract carries a top value of up to $230 million over the 10 year life of the pact. An initial $11 million purchase order is expected to be filled by 2011.
QPC trades on the OTCBB and has been in a steady decline since reaching a share price of $3 in 2006. It currently trades near $0.57 which represents a market cap of a little over $22 million. While shareholders may be disappointed, they may take some solace in the new patent awarded to the company for combating weak beams operating at high power. Also, the secret may be getting out as QPC recently announced revenues grew 158% in 2007.
March 16, 2008 Update: “Pursuant to the contract, we recognized $1 million of initial milestone revenues in the fourth quarter of 2007, and continue to expect deliveries under the $11 million purchase order over the next three years,” said QPC co-founder and CFO George Lintz.”
*Any information contained in this article should not be construed as investment advice, but strictly as the thoughts and opinions of the author.*
on 07 Apr 2008 at 5:07 pm 1.lindenbaum said …
You are right on the money with these guys. I took your advice, did some extra research, and took advantage of QPCI. So far it’s been paying off and what makes it even better is I like what I’m investing in.
Thanks!