Axsun, LightLab make exclusive agreement for cardiac OCT

June 3, 2008 -- Axsun Technologies Inc. (Billerica, Mass.), which develops and manufactures advanced photonic components and subsystems, has entered into a multi-million dollar volume purchasing agreement with LightLab Imaging (Westford, Mass.), manufacturer of Optical Coherence Tomography (OCT) for cardiac imaging and other applications. Under this multi-year exclusive agreement, Axsun will provide advanced tunable lasers for Lightlab's next-generation OCT cardiac 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."