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Thursday, Apr 25, 2024

Laser Firm Receives $9.5 Million in Funding

QPC Lasers, Inc. received an additional round of private financing in the amount of $9.5 million, the company announced Wednesday. The funding done through the sale of convertible debentures brings to $16.9 million the amount the Sylmar-based company has received in the second quarter. The money will allow QPC to increase manufacturing and inventory needs that coincide with the ramp in sales order it has experienced and support the launch of a new generations of lasers later in the year, said Executive Vice Chairman and CFO George Lintz. “We are confident the company now has adequate cash to support our growth and operations for at least the next twelve months,” Lintz said. QPC develops high-power semiconductor lasers for the industrial, defense and medical markets.

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