PHPG-
(PR NEWSWIRE) Laser Optics Receives Largest Production Award To Date For Propri
tary IR Components
Laser Optics Receives Largest Production Award To Date For Proprietary IR Compon
nts
NORTHVALE, N.J., Oct. 4 /PRNewswire-FirstCall/ -- Photonic Products Group,
Inc. (OTC Bulletin Board: PHPG) announced today that its Laser Optics business
unit recently expanded its production capacity for sets of specialty waveband
optical components used in state-of-the art, imaging system assemblies
produced by Raytheon. This year's production award, the largest to date,
covered over 1400 sets of parts. The dollar value of the contract was not
disclosed.
The subject parts are specialty optical components made from high purity
and high uniformity indium antimonide, a crystalline material transparent in
specific regions of the electro-magnetic spectrum. This material is both soft
and brittle, and as well has mechanical properties that vary with direction,
making it highly challenging to turn routinely and productively into high
precision optical components. Yet, these finished components serve a vital
function in certain of Raytheon's imaging assemblies, produced for high
priority Department of Defense programs. Using proprietary manufacturing
methods, Laser Optics overcame these challenges and has been the provider of
these elements for the present generation of systems.
Dan Lehrfeld, President and CEO of Photonic Products Group commented, "Our
business units are each focused on being preferred niche providers of critical
OEM components and devices to corporate customers, large and small. High
capability systems that protect our service men and women "in harm's way" in
various parts of the world are and will remain a high priority for the DOD. We
are especially pleased therefore to be Raytheon's supply chain partner of
choice on these critical components."
Photonic Products Group, Inc. develops, manufactures, and markets products
and services for use in diverse Photonics industry sectors via its expanding
portfolio of branded businesses. INRAD specializes in crystal-based optical
components and devices, laser accessories and instruments. Laser Optics
specializes in precision custom optical components, assemblies, and optical
coatings. MRC Optics specializes in precision metal and diamond turned optics,
and opto-mechanical and electro-optical assemblies. PPGI's customers include
leading corporations in the Defense and Aerospace, Laser Systems, and Process
Control and Metrology sectors of the Photonics Industry, as well as the U.S.
Government. Its products are also used by researchers at National
Laboratories and Universities world-wide.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this press release that are not purely
historical are forward looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Act of 1934.
These statements may be identified by their use of forward-looking terminology
such as "believes," "expects," "will," "plan," or similar words. Such
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those projected. Risks and
uncertainties that could cause actual results to differ materially from such
forward looking statements are, but are not limited to, uncertainties in
market demand for the company's products or the products of its customers,
future actions by competitors, and other factors discussed from time to time
in the Company's filings with the Securities and Exchange Commission. The
forward looking statements made in this news release are made as of the date
hereof and Photonic Products Group, Inc. does not assume any obligation to
update publicly any forward looking statement.
SOURCE Photonic Products Group, Inc.
Contact Information:
Daniel Lehrfeld, CEO of Photonic Products Group, Inc., +1-201-767-1910
WebSite:
ppgrpinc.com
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