Planning Force Inc. has acquired the outstanding shares of the Quintessence Photonics Corp. in a reverse merger and changed its name to QPC Lasers, Inc., the company announced Monday. The Sylmar-based company produces high-power, high-brightness lasers for industrial, commercial and military purposes. Planning Force Chief Executive Officer and Director Julie Morin has stepped down from the company and been replaced by Jeffrey Ungar, a co-founder of QPC. Morin received $250,000 in exchange for 48.2 million shares of her stock in Planning Force. QPC was founded in 2000 with financing from strategic and venture capitalists. The company holds three patents and 13 pending patent applications. George Lintz has been named as chief financial officer and chief operating officer; Paul Rudy was named senior vice president of marketing and sales; and Thomas Stakelon was named vice president, engineering.
Planning Force Change Name to QPC Lasers