PRINCETON, N.J., Sept. 23 /PRNewswire-FirstCall/ -- Laser Energetics, Inc.
(Pink Sheets: LNGT) announced today that the Company has completed the
acquisition of a strategic light transmitter technology. The technology,
which is referred to as TRT, has a superior way of transmitting and diffusing
light which is utilized in consumer products, ranging from mobile phones, and
PDA's to computer screens, as well as signage applications.
The recently acquired TRT technology took many years and over fifty
million dollars to develop (development started formerly at Allied Signal
Corporation (now Honeywell International) under their micro optic devices
technology development program) which was purchased by LEI and consists of
several PCT patents pending.
Dr. John Magno, one of the inventors of the TRT and now Vice President of
Research & Development at Laser Energetics, stated, "TRT (Totally Reflecting
Transmitter) is a new optical film which couples light more efficiently by
redirecting light from a source and/or LGP (light guide plate). TRT's many
benefits consist of brightness enhancement of the display, longer battery life
because of improved transmission of light through the film, and reduction of
costs in the manufacturing process of LCD's."
Magno lead his team, to the advancement of this technology by producing
parallel optical microstructures on an optical film to couple the light from a
waveguide via these microstructures which improved total light transmission by
30%, thus improving overall efficiency of the display. This improvement leads
to longer battery lifetime and greatly reduces the cost to manufacture the
display. As an example, the TRT can be used to replace the present brightness
enhancement and diffuser films found in all mobile phones and most PDA's.
Robert D. Battis, Founder and CEO of Laser Energetics, stated, "The cost
to manufacture the TRT is under $0.10, versus multiple films costing over
$1.00. The cost of assembling the TRT film into a mobile phone is also
reduced because of the reduction of many films currently found in a mobile
phone, to a single TRT film."
Battis further commented, "TRT" is Better-Faster-and Cheaper than the
current utilized technology. The applications of the TRT technology for light
transmission are breath taking. Global mobile phone giant Nokia predicts the
global handset market will grow 10% in 2008 to 1.1 billion units. Samsung
Electronics, the world's No. 2 handset maker, recently forecasted the market
to 1.28 billion units. In the annual meeting of investors held in Amsterdam,
Nokia executives projected that industry wide mobile device volume growth in
2008 will be above 15% in Asia-Pacific, China and Middle East and Africa but
below 10% in North America, Europe and Latin America. Nokia also said the four
billion mobile subscriptions mark now is expected to be reached in 2009,
rather than in 2010 as previously forecast. Keeping this in mind, if TRT for
mobile phones with its superior qualities is utilized in only 10% of the
market for over 1 billion mobile phones, this equates to over $100 million is
sales with a 90% gross margin. This does not include other consumer devices
such as PDA's, digital cameras, digital video recorders, GPS systems, signage
and larger screen displays. We look forward to announcing some very
significant sales of TRT products in the near future."
About Laser Energetics, Inc.:
Laser Energetics has and continues to develop a comprehensive and
strategic laser product line that addresses laser applications in Industry,
Science, Medicine, Homeland Security and the Military. The Company has had a
primary focus on its Alexandrite laser technology.
Safe Harbor: Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The company intends that such
statements about the Company's future expectations, including future revenues
and earnings, technology efficacy and all other forward-looking statements be
subject to the safe harbors created thereby. The Company is a development
stage company who continues to be dependent upon outside capital to sustain
its existence. Since these statements (future operational results and sales)
involve risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected results.
SOURCE Laser Energetics, Inc.