ORLANDO, Fla., July 23, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. announced that it has issued a first quarter 2008 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 Generation III products have begun to capture market share, and the Company continues to show strength in the medical market. While QPCI already received new contracts for light engines used in laser television, one of the applications of its Generation III products, there are several other potential applications of Generation III products in the market yet to be explored to a large extent."
Gautam continued: "In addition to the market share the Company has already begun to capture in larger display applications such as television, QPCI seems ready to capture a good share of the immense market for smaller display applications.
The significant growth of its product revenue year-over-year is a good indicator of QPCI's future success. The Company has already begun to gain market share in the industrial electronics sector and is ready to explore opportunities in the consumer electronics sector."
"We assign QPCI a 'Speculative Buy' rating and a 12-month target price of $1.17," he concluded.
To receive a complimentary copy of the RedChip Visibility 1Q 2008 Research Report for QPCI, please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=125&from=07222008pr
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 or that any security is suitable for any investor. 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. To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.