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

Monday, June 2, 2008 General News
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BILLERICA, Mass., June 2 Axsun Technologies Inc., aleading developer and manufacturer of advanced photonic components andsubsystems, today announced that the company has entered into a multi-milliondollar volume purchasing agreement with LightLab imaging. Under this multi-year exclusive agreement for cardiac Optical Coherence Tomography (OCT), Axsunwill provide advanced tunable lasers for LightLab's next generation OCTimaging system.
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(Photo: http://www.newscom.com/cgi-bin/prnh/20080602/NEM077 )

"Swept Source OCT enables extremely high speed imaging with 10X higherimaging resolution than Ultrasound," noted Dale Flanders, CEO of AxsunTechnologies, "Axsun's unique tunable laser technology provides unprecedentedresolution, depth and speed of imaging in a compact and cost effective productoffering that is simply not available from any other source."
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"This agreement is the culmination of the successful joint developmenteffort undertaken by the companies to design a product unique for OCTimaging," explained Joe Schmitt, Chief Technical Officer at LightLab. "TheAxsun tunable laser solution provides a powerful combination of highperformance, compact footprint, manufacturability and cost. We feel that thistechnology will address the requirements of our customers better than anyother available offering."

About Axsun

Axsun Technologies, Inc., established in 1998, develops and manufacturesadvanced components and photonic subsystems used in industrial processcontrol, test and measurement applications, and throughout the world'scommunication networks. Axsun has applied its expertise in micro-optics andprecision engineering to pioneer an entirely new class of fully functional,miniaturized spectroscopic instruments and devices that enable dramaticimprovements in quality, productivity, and performance across a variety ofindustries -- from pharmaceutical manufacturing and chemical/petrochemicalprocessing, to medical devices and diagnostics, forensics, and scientificdiscovery. For more information, visit www.axsun.com .

About LightLab Imaging

LightLab Imaging, Inc., based in Westford MA is the world's leadingmanufacturer of Optical Coherence Tomography for Cardiac and otherapplications. LightLab is a wholly owned subsidiary of Goodman Co. Ltd.(Jasdaq: 7535), based in Nagoya, Japan. The company was founded in 1998 andhas exclusive license to a broad range of OCT applications from MIT and otherentities. The LightLab mission is to develop and distribute photonic imagingtechnologies that improve patient's wellbeing, enhance diagnostic medicine,improve outcomes, and reduce healthcare expenditures. For more information,visit www.lightlabimaging.com .

SOURCE Axsun Technologies, Inc.
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