In May 2006, Planning Force Inc., (OTCBB: PLFC.OB) changed its name to QPC Lasers, Inc. and acquired substantially all of the outstanding shares of Quintessence Photonics Corporation (QPC) in a reverse merger transaction. At the closing of the transaction, the Company replaced its officers and directors with officers and directors of QPC. QPC develops and produces next generation high-power, high-brightness semiconductor lasers and associated optical components for industrial, military, homeland security and medical markets. QPCs 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 this technology will enable it to acquire significant market share in the existing market for high-power lasers and to create markets and uses for high-power lasers that are not possible with conventional lasers.QPC's 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 to, over the next 12 to 24 months, enable QPC to introduce high performance, low-cost lasers to a multi-billion dollar global marketplace. Quintessence Photonics Corporation, (QPC) has developed diode lasers that are more powerful and efficient than any other type of laser. Many important applications require laser light but cannot use currently available lasers because they lack sufficient brightness, cannot emit the proper wavelength (color) and/or are too expensive. In our first year, QPC scientists have developed lasers that dramatically exceed available components in brightness and low cost manufacturability. Three contract awards from different Research & Development agencies of the federal government have demonstrated validation of our technological achievements.
