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# 1999 Hughes JVC

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Salem, NH—Sep 18, 2012

Funding to Drive Commercialization of High-Power RGB Laser Illumination Systems

Richard S. Post Joins Board of Directors as Company Enters New Phase of Growth
Laser Light Engines, Inc. (LLE), the leader in laser illumination for high brightness digital projection, today announced $9 million in venture funding, with an additional $6 million anticipated from new investors, bringing the total new funding to $15 million.

"This new funding will allow us to accelerate commercialization of LLE's breakthrough laser illumination technology, which we introduced at the first-ever public demonstration of high brightness laser 3D cinema on a silver screen at the NAB Technology Summit on Cinema (TSC) in Las Vegas earlier this year," said John O'Hara, LLE's CEO.

O'Hara said the company's latest round of funding comes from both existing and new investors, and will be used to support product rollouts, and strengthen the company's engineering, sales and manufacturing operations. He said LLE has now raised $27 million in private funding since the company's inception in 2008.
"As we enter this next phase of our growth, we also welcome Dick Post to our Board of Directors," added O'Hara. "Dick brings a strong background in operations and high technology company management to LLE, and will help guide us during our global rollout." Post, who founded two technology companies, including NEXX Systems and Applied Science & Technology, was a senior research scientist at MIT in the 1980s and is an active investor in high technology companies.

According to Bill Beck, LLE founder and executive VP for business development, the new funding validates the impact that LLE has made on performance projection. "The cinema industry, as well as investors and strategic partners, have responded to the dramatic advancement in image quality provided by LLE technology," Beck said. At the NAB show in April and in follow-on demonstrations, LLE has shown both despeckling solutions for existing silver screens as well as a new laser-enabled 3D system that increases brightness and eliminates the need for a silver screen.

"I think that 3D cinema is one of many markets where LLE is positioned to succeed," said Michael Pachter, an expert on entertainment technology at Wedbush Securities. "The company's technology has the potential to make a difference in many other markets such as signage, displays, lighting and location-based entertainment."

According to Beck, LLE is engaged in discussions and beta testing with leading entertainment companies, and has been invited to speak as the recognized domain expert on the benefits of laser-driven light sources at several major upcoming conferences, including the 3D Entertainment Summit and The Giant Screen Cinema Association this month.

About Laser Light Engines:
Laser Light Engines, Inc. (LLE) is a leader in laser illumination for performance projection for 3D cinema; premium large venue, themed entertainment. LLE’s laser illumination systems replace traditional, high-pressure gas discharge lamps, delivering dramatically brighter and sharper images, with lower operating costs and energy consumption. LLE’s universal engine can plug and play with new projection systems or retrofit tens of thousands of existing installations, worldwide. Partnerships with key industry players, a portfolio of patented technology and expertise, and a multi-year head start in building laser illumination systems, all combine to make LLE the leader in this multi-billion dollar market. The venture-backed company was founded in 2008 and is headquartered in Salem, New Hampshire, USA. For additional information, please visit: http://www.laserlightengines.com and follow us on Twitter @BillBeckLLE

Laser Light Engines Directory page

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More Laser Light Engines News:
Nov 11, 2013 NEC Display Solutions Featured in Laser Light Engines’ Upcoming Projection Demonstration
Nov 8, 2013 Qube Cinema True 4K 3D™ System to Power Laser Light Engines’ Laser Projection Demos
Nov 5, 2013 Laser Light Engines Announces NEC Display Solutions Will Collaborate in Week-Long Laser Projection Demonstrations in Burbank, CA
Oct 17, 2013 Laser Light Engines Announces Laser Projection Demonstrations this November in Burbank, CA
Jun 10, 2013 Bill Beck of Laser Light Engines Named New Chairman of LIPA
Jun 4, 2013 Laser Light Engines Ships DSG-265™ Green Color Modules to First Non-Cinema OEM Application
May 22, 2013 Laser Light Engines Announces First Shipment of Its Universal Laser Retrofit System for 2D and 3D Digital Cinema
Apr 10, 2013 David Parent Joins Laser Light Engines as Chief Financial Officer
Mar 26, 2013 Elbit Systems of America and Laser Light Engines Partner to Develop New High-Powered Laser for Display Applications

Apr 11, 2012 Laser Light Engines and SONY Present First Public Demonstration of High Brightness Laser 3D Cinema on a Silver Screen
Sep 15, 2010 Laser Light Engines Names Bob Lambert to Board of Directors
Jul 14, 2010 IMAX to Form Strategic Partnership with Laser Light Engines Through Equity Investment
Mar 15, 2010 Laser Light Engines Announces First Fully Despeckled Laser Illumination System Ideal for Digital Cinema and Large Venue Projector Use
Oct 26, 2009 Laser Light Engines Hires Industry Veteran Doug Darrow as CEO
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