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(Sylmar, Calif.) – On December 1, 2004 Quintessence Photonics Corporation (QPC) announced the completion of the first Tranche of its Series C Preferred Stock offering. QPC raised $4.65 million in this financing, primarily from groups of high net worth investors in New York, Los Angeles and Mexico City. Several prior round investors participated in this round, priced at $3.75 per share, up from $3.12 in the Series B offering. QPC anticipates raising additional funds through a second Tranche offering over the next few months.

“This financing boosts our working capital ” said George Lintz, Chief Operating Officer of Quintessence Photonics Corporation. “And will also enable us to expand production efforts in both our current products as well as new technologies to be released in the second quarter of 2005”.

About QPC

Quintessence Photonics Corporation manufactures advanced technology high power laser diodes and arrays for industrial, military and medical applications. For more information please contact Mr. George Lintz at (818) 833-4668 or by email at info@qpc.cc