Laser Energetics secures $12 million to accelerate R&D

February 12, 2008, Mercerville, NJ--Laser Energetics (LEI), with its focus on alexandrite laser technology, executed a financing agreement for a $12 million equity investment into the Company. The investment is priced at a substantial premium to the current market price. The investment is being made by a company with whom LEI already has an existing business relationship.

Feb 12th, 2008

February 12, 2008, Mercerville, NJ--Laser Energetics (LEI), with its focus on alexandrite laser technology, executed a financing agreement for a $12 million equity investment into the Company. The investment is priced at a substantial premium to the current market price. The investment is being made by a company with whom LEI already has an existing business relationship.

Robert D. Battis, CEO of Laser Energetics, said, "We are incredibly excited about this development. The $12 million will give us the ability to immediately ramp up our production capacity to meet the demand for our BrightStar laser systems. It will also accelerate our research and development efforts, allowing us to bring both new technology and refinements to our existing technologies to the market in a very rapid fashion. It is unusual for a company our size to receive such a large equity investment, particularly at a premium, and we view this as validation of our business plan and our technologies."

LEI continues to develop a comprehensive and strategic laser product line that addresses applications in industry, science, medicine and the military. Its alexandrite tunable solid-state lasers are unique in that they can be conductively air cooled to compete favorably against water-cooled lasers in many applications. In addition, these lasers have one of the greatest wavelength tuning ranges with a bandwidth of over 250 nm.

For more information, visit www.laserenergetics.com.

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