BILLERICA, Mass, June 3 /PRNewswire/ -- Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced that the company has entered into multi-million dollar Strategic Supply Agreement with Lantis Laser (Pink Sheets: LLSR). Under this multi-year exclusive agreement for Optical Coherence Tomography (OCT) dental imaging, Axsun will supply the Integrated Optical Coherence Tomography (OCT) Engine for Lantis' OCT Dental Imaging System (TM), to be introduced to the market in the first quarter of 2009.
"From Axsun's perspective, Lantis' introduction of OCT technology into dentistry provides us with an excellent opportunity to use our expertise in high-volume, cost-effective manufacturing to demanding specifications, for this very exciting worldwide market," said Dale Flanders, CEO of Axsun.
Stan Baron, President & CEO, concluding on this highly significant announcement, said that, "Axsun's Integrated OCT Engine enables Lantis to meet the criteria established for wide acceptance of its OCT System: high resolution, up to 10 times that of x-ray; real-time chair-side imaging; no radiation as it is light-based; and, a price that is affordable for most dentists. The technology has finally caught up with the application and put Lantis on target to introduce the OCT into the dental market in the first quarter of 2009."
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 Lantis Laser
Lantis was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 development and plans to launch the OCT Dental Imaging System(TM) in the first quarter of 2009. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence 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.