Charles..people seem to forget that IMCI is working off a $12m contract from DARPA that takes them to the end of 2003. Or that they state in print that they will have profitable operations this year. In addition, more and more equipment is arriving at the company each month (some of it for projects beyond DARPA is my guess) and they are hiring steadily and have been for some time. This company is going to be perceived by the end of the next 12mo as more of a defense company than anything else in my opinion...they are upper tier in the sub prime group and are probably seeing a lot of interest now as opposed to just 9mo ago in their products/technology.
Now, anybody can push on a small technology company after it has edured a 2 year plus bear mkt...since the company has stated it will have profitable operations this year let's wait and see if they deliver...seems reasonable....
WARWICK, R.I. and ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 13,
2002--Infinite Group, Inc. (NASDAQ: IMCI) announced today that its
subsidiary, Infinite Photonics, Inc., has completed negotiations and
entered into a contract for $12 million in research and development
from the Defense Advanced Research Projects Agency (DARPA), using
Infinite's proprietary grating coupled surface emitting laser (IPI
GCSEL(TM)) diode technology. The work will begin immediately and be
completed by the end of 2003.
"We will produce pump and source laser diodes, as well as grating
coupled semiconductor optical amplifiers (GCSOA)", stated Jeff
Bullington, President of Infinite Photonics. "The program will allow
Infinite Photonics to develop and commercialize single mode devices
specific to DARPA's goals for very high power, high repetition rates,
and high beam quality. DARPA has had a long history of enabling
innovative advancements in a number of industries including:
microelectronics, the Internet, and photonics. DARPA is driven to
advance `cutting edge' technology, while encouraging the economies of
large-scale production through commercial applications. According to
Laser Focus World magazine, the commercial photonics market applicable
to diode laser technology is approximately $6 Billion per year. This
program will enable Infinite Photonics to establish significant
technological presence in this market by creating photonic based
products for both the commercial and government applications."
Clifford G. Brockmyre, CEO of Infinite Group, commented "We expect
the DARPA contract to help us further enhance performance and usage
for the IPI GCSEL(TM) technology".
DARPA is a research element within the Department of Defense and
has been responsible for funding development and implementation of
many breakthrough technologies.
Infinite Photonics, Inc. develops and markets laser diodes based
on its proprietary, patented and patent pending IPI GCSEL(TM)
technology platform. IPI GCSEL(TM) product applications include high
power pump lasers used for EDFA and Raman amplification, tunable
lasers used in optical transmitters and receivers for
telecommunications, material processing and medical applications. |
