ProPhotonix Limited ProPhotonix Receives $1.1 million Order
June 15 2016 - 1:01AM
RNS Non-Regulatory
TIDMPPIX
ProPhotonix Limited
15 June 2016
June 15, 2016
ProPhotonix Limited
("ProPhotonix" or the "Company")
ProPhotonix Receives $1.1 million Order
ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and OTC:
STKR) today announces the receipt of a $1.1 million order for laser
modules from one of its largest customers. Deliveries for this
order are currently scheduled for the remainder of 2016 and early
2017.
Commenting on the order, Jeremy Lane, Managing Director of
ProPhotonix Limited, laser business unit said, "We are delighted to
receive this order from our customer. We have been collaborating
with them on this product design for their application for more
than a year, and this order represents a joint success for both of
our companies. Production fulfilment for this customer began at the
end of 2015 and has ramped up dramatically."
Enquiries:
ProPhotonix Limited Tel: +1 603 893 8778
Tim Losik, President and ir@prophotonix.com
CEO
Stockdale Securities Limited Tel: +44 (0) 20 7601
Tom Griffiths/David Coaten 6100
Nominated Adviser and
Broker
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is a
high technology designer and manufacturer of diode-based laser
modules and LED systems for industry leading OEMs and medical
equipment companies. In addition, the Company distributes premium
diodes for Ushio (formerly Oclaro), Osram, QSI, Panasonic, and
Sony. The Company serves a wide range of markets including the
machine vision, industrial inspection, security, and medical
markets. ProPhotonix has offices and subsidiaries in the U.S.,
Ireland, U.K., and Europe. For more information about ProPhotonix
and its innovative products, visit the Company's web site at
www.prophotonix.com
Cautionary Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical fact, including without
limitation, those with respect to ProPhotonix's goals, plans and
strategies set forth herein are forward-looking statements. The
following important factors and uncertainties, among others, could
cause actual results to differ materially from those described in
these forward-looking statements: uncertainty that cash balances
may not be sufficient to allow ProPhotonix to meet all of its
business goals; uncertainty that ProPhotonix's new products will
gain market acceptance; the risk that delays and unanticipated
expenses in developing new products could delay the commercial
release of those products and affect revenue estimates; the risk
that one of our competitors could develop and bring to market a
technology that is superior to those products that we are currently
developing; and ProPhotonix's ability to capitalize on its
significant research and development efforts by successfully
marketing those products that the Company develops. Forward-looking
statements represent management's current expectations and are
inherently uncertain. All Company, brand, and product names are
trademarks or registered trademarks of their respective holders.
ProPhotonix undertakes no duty to update any of these
forward-looking statements.
######
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 15, 2016 02:01 ET (06:01 GMT)
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