ORLANDO, Fla., May 6, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. today announced it has issued a fourth quarter 2007 research update on QPC Lasers, Inc. (OTCBB:QPCI), a company that designs and manufactures semiconductor lasers for the industrial, medical and defense markets.
Surya Gautam, MBA, RedChip Research Analyst, wrote in the report:
"QPCI's overall financials greatly improved in the fourth quarter. Moreover, its revenues have grown consecutively in each of the past eight quarters. The Company's recently launched Generation III technology has already shown signs of revenue growth.
"By inaugurating Generation III products in late September 2007, QPCI has achieved one of its major milestones. Generation III technology enables a ten-fold improvement in efficiency, cost, size, power consumption, weight, and ruggedness by replacing legacy laser with high brightness semiconductor diode solution. Therefore, it has the potential to revolutionize the existing multibillion-dollar solid state and gas laser market. We expect continuous improvement in overall gross margin, as Generation III products will have a greater share of overall sales in the future.
"While Generation III products made a significant impact almost immediately after their launch, QPCI's core Generation I and Generation II product families continue to have great demand in the market. The Company has shipped nearly 3,500 varicose vein removal lasers, which is a noteworthy confirmation not only of the growing customer demand for QPCI products but also of the quality and reliability of its products," Gautam continued.
"We derive a 12-month target price of $1.40 and reiterate our 'Buy' rating for QPCI," he concluded.
To receive a complimentary copy of the RedChip Visibility First Quarter 2007 Research Report for QPCI, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=103&from=05062008pr
For more information about QPCI, including the RedChip research reports, visit http://www.redchip.com/visibility/investor.asp?symbol=QPCI
About RedChip Companies, Inc.
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Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. QPC Lasers, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc. $36,000 for RedChip Visibility Program services, which included the preparation of this equity research report.