QPC Hires Ronald Moeller as VP of Manufacturing; Company Expanding Commercial Manufacturing
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SYLMAR, CA, June 4, 2007 – QPC Lasers, Inc. (OTCBB: QPCI) “QPC,” a world leader in the development and commercialization of high brightness, high power semiconductor lasers for the industrial, defense, and medical markets, today announced that it has named Ronald Moeller Vice President of Manufacturing to drive expansion for its new generation of high brightness laser products.
Mr. Moeller brings 20 years successful industry experience in manufacturing, engineering and operations management at venture-stage and emerging-growth semiconductor, laser and photonics companies.
He joins QPC from Kotura, Inc., a leading designer and manufacturer of silicon photonics, where he served as VP of operations and manufacturing since 2004. Career highlights also include management positions with Ortel Corporation, (acquired by Lucent/Agere (NYSE: ALU), Emcore), Multilink Technology Corporation (acquired by Vitesse Semiconductor (Pink Sheet: VTSS)) and Phasebridge, Inc. (acquired by Emcore (Nasdaq: EMKR)). Mr. Moeller earned a B.S. in mechanical engineering at the New Jersey Institute of Technology.
“Ron has an outstanding track record building highly efficient manufacturing operations for rapidly growing laser and semiconductor companies.” said Jeff Ungar, Ph.D., chairman and chief executive officer, QPC. “As we accelerate the transition of our technology into commercial production, Ron will be instrumental in leading a scalable ramp up of our manufacturing operations across medical, industrial and defense product lines. We are confident that Ron’s expertise will be a great asset to us in meeting the growing demand for our products.”
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 QPC Lasers, Inc.
QPC Lasers, Inc. (www.QPClasers.com) is a world leader in the development and commercialization of high-brightness, high-power semiconductor lasers for the defense, homeland security, industrial, and medical markets. Founded in the year 2000, QPC 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. QPC is a publicly traded U.S. company (OTCBB: QPCI) and is ISO certified.
Contact QPC Lasers, Inc.
818-986-0000
info@QPClasers.com
www.QPClasers.com
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