- 17 May 2006 -

Quintessence Photonics acquired and becomes QPC Lasers

Sylmar, CA, USA, based Planning Force Inc. has changed its name to QPC Lasers, Inc. and acquired substantially all of the outstanding shares of Quintessence Photonics Corporation in a reverse merger transaction. At the closing of the transaction, the Company replaced its officers and directors with officers and directors of QPC. The Company has applied for a new OTCBB trading symbol and expects the new symbol to be issued in about 10 days.

QPC develops and produces next generation high-power, high-brightness semiconductor lasers and associated optical components for industrial, military, homeland security and medical markets. QPC's proprietary technology enables it to produce high-power lasers that have a greatly reduced cost, size, weight and power consumption than conventional lasers with greatly increased efficiency and durability. QPC believes it has produced the world's only high power monolithic surface emitting arrays, wherein it can aggregate hundreds of high power lasers onto a single semiconductor chip. This allows QPC to produce lasers in high volume, assemble them inexpensively and create a finished product that is easy to cool and possesses high power density. QPC has designed and is developing, subject to additional funding, the world's only on-chip wavelength "conversion" (shortening or lengthening wavelengths beyond conventional ranges for diode lasers) and control. This technology can produce eye-safe wavelengths for detecting pollution, hazardous materials and chemical explosives; it is also conducive to establishing effective countermeasures for heat-seeking missiles, to producing a "directed energy weapons" arsenal for the US military, and for the creation of eye-safe laser products for surgery, hair, tattoo and acne removal, and other commercial applications.

QPC has built a staff of more than 30 employees, including prominent scientists and engineers. It has created a state-of-the-art production facility that covers 18,000 square feet and allows the company to conduct nearly all of its operations on site, including R&D, semiconductor wafer fabrication, processing and packaging. In its present configuration, its capacity is three million devices per year and it is scalable to an estimated 20 million devices.

QPC was founded in November 2000 with backing from strategic and venture capital investors. Its proprietary technology platform was developed by a staff that includes ten Ph.D.s as well as other eminent scientists and engineers in the field of high-power lasers. Its intellectual property consists of three issued patents and 13 pending patent applications as well as trade secrets, and is expected over the next 12 to 24 months to enable QPC to introduce high performance, low-cost lasers to a multi-billion dollar global marketplace.

http://www.qpc.cc