QPC Lasers announced today a milestone in a contract to produce lasers for use in Laser TVs. The contract is worth $12 million to the firm. QPC says that its RGB lasers have successfully met all performance milestones for red, green and blue colors.

This performance milestone means that QPC has completed the development phase of the contract. The company says that it has an exclusive contract with an Asian electronics maker for the lasers. The contract is a supply agreement that could be worth $230 million over the ten year term.

"QPC is enabling a new generation of lower cost and dramatically improved high definition large screen televisions by replacing today's poor quality light sources with our bright, power efficient, cost effective and ultra compact lasers," said QPC co-founder and CEO Dr. Jeffrey Ungar. "Utilizing QPC's unique laser technology instead of LEDs, OLEDs and other poor quality and inefficient light beam sources, consumers will see a broader visible color spectrum, and a sharper, brighter, more vivid image than today's LCD or Plasmas can offer," continued Dr. Ungar.

Via QPC Lasers