Tuesday December 18, 12:15 pm ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of QPC Lasers (OTC BB: QPCI.OB) maintaining a Strong Speculative Buy rating and a price target of $2.00. The 11-page report by Dutton senior analyst Stuart Brown is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
QPC Lasers has excellent technological capabilities. The Company produces semiconductor lasers with output ten times higher, yet with power requirements substantially lower, than traditionally available lasers. The smaller footprint, reduced weight and lower cost are competitive advantages that are generating rapid growth in revenues. The Company is making the transition from basically an R&D operation to a production orientation. Funding for R&D has come partially from various defense agencies. However, applications for the Company?s lasers also exist in the consumer electronics, medical and industrial manufacturing areas. Revenues have about tripled in the first half of this year, and more than doubled in the third quarter. Further rapid growth in revenues is projected. We believe the Company could turn cash-flow positive in the final quarter of 2008. On December 1, 2007, QPC Lasers announced a major contract with a consumer electronics company to develop and deliver lasers to be used in rear-projection televisions. Pursuant to the contract, QPC Lasers Inc. expects to receive development milestone payments of up to $1.15 million over the next 90 days. In addition, once product specifications have been met, a non-cancellable order totaling about $11 million for product delivery through June 2011 will be put into effect. The contract also provides for an exclusive supply relationship that, depending on the size of the rear projection TV market, carries a value of up to $230 million over the ten-year term of the contract.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 6/13/2007. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
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