Axsun Technologies Announces Exclusive Cardiac Supply Agreement for Advanced OCT Tunable Lasers with LightLab Imaging

Entities Mentioned

• Axsun Technologies
• Joseph M. Schmitt
• Dale Flanders
• LightLab Imaging

1. BILLERICA, Massachusetts (May 27, 2008) – Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced that the company has entered into a multi-million dollar volume purchasing agreement with LightLab imaging. Under this multi-year exclusive agreement for cardiac Optical Coherence Tomography (OCT), Axsun will provide advanced tunable lasers for Lightlab’s next generation OCT imaging system.
   
   “Swept Source OCT enables extremely high speed imaging with 10X higher imaging resolution than Ultrasound”, noted Dale Flanders, CEO of Axsun Technologies, “Axsun’s unique tunable laser technology provides unprecedented resolution, depth and speed of imaging in a compact and cost effective product offering that is simply not available from any other source.”
   
   “This agreement is the culmination of the successful joint development effort undertaken by the companies to design a product unique for OCT imaging, explained Joe Schmitt, Chief Technical Officer at Lightlab, “The Axsun tunable laser solution provides a powerful combination of high performance, compact footprint, manufacturability and cost.  We feel that this technology will address the requirements of our customers better than any other available offering.”
   
   About Axsun
   
   Axsun Technologies, Inc., established in 1998, develops and manufactures advanced components and photonic subsystems used in industrial process control, test and measurement applications, and throughout the world's communication networks. Axsun has applied its expertise in micro-optics and precision engineering to pioneer an entirely new class of fully functional, miniaturized spectroscopic instruments and devices that enable dramatic improvements in quality, productivity, and performance across a variety of industries – from pharmaceutical manufacturing and chemical/petrochemical processing, to medical devices and diagnostics, forensics, and scientific discovery. For more information, visit www.axsun.com.
   
   About LightLab Imaging
   
   LightLab Imaging, Inc., based in Westford MA is the world’s leading manufacturer of Optical Coherence Tomography for Cardiac and other applications. LightLab is a wholly owned subsidiary of Goodman Co. Ltd. (Jasdaq: 7535), based in Nagoya, Japan.  The company was founded in 1998 and has exclusive license to a broad range of OCT applications from MIT and other entities. The LightLab mission is to develop and distribute photonic imaging technologies that improve patient’s wellbeing, enhance diagnostic medicine, improve outcomes, and reduce healthcare expenditures. For more information, visit www.lightlabimaging.com.

    

   Company Contact:
   

   
   Bill Ahern, Director of Marketing

   Axsun Technologies

   978.262.0049
   

   
   

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