BILLERICA, Mass, June 3 Axsun Technologies Inc., a leadingdeveloper and manufacturer of advanced photonic components and subsystems,today announced that the company has entered into multi-million dollarStrategic Supply Agreement with Lantis Laser (Pink Sheets: LLSR). Under thismulti-year exclusive agreement for Optical Coherence Tomography (OCT) dentalimaging, Axsun will supply the Integrated Optical Coherence Tomography (OCT)Engine for Lantis' OCT Dental Imaging System (TM), to be introduced to themarket in the first quarter of 2009.
"From Axsun's perspective, Lantis' introduction of OCT technology intodentistry provides us with an excellent opportunity to use our expertise inhigh-volume, cost-effective manufacturing to demanding specifications, forthis very exciting worldwide market," said Dale Flanders, CEO of Axsun.
Stan Baron, President & CEO, concluding on this highly significantannouncement, said that, "Axsun's Integrated OCT Engine enables Lantis to meetthe criteria established for wide acceptance of its OCT System: highresolution, up to 10 times that of x-ray; real-time chair-side imaging; noradiation as it is light-based; and, a price that is affordable for mostdentists. The technology has finally caught up with the application and putLantis on target to introduce the OCT into the dental market in the firstquarter of 2009."
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 Lantis Laser
Lantis was formed to commercialize the application of novel technologiesin the dental industry. The criteria for selected products include competitiveedge, exclusivity and large market potential. Lantis is currently in Phase 2development and plans to launch the OCT Dental Imaging System(TM) in the firstquarter of 2009. Lantis has exclusive rights to the application of OCTtechnology in the field of dentistry under its license Agreements withLawrence Livermore National Laboratory (exclusive); LightLab Imaging(non-exclusive) and AXSUN (exclusive). To find out more about Lantis Laser(Pink Sheets: LLSR), visit our website at www.lantislaser.com
SOURCE Axsun Technologies Inc.