Senator Bingaman Recognizes Optomec Milestone as an Important Achievement for Albuquerque

Albuquerque, New Mexico 22 June 2006: Optomec Inc. announced today that they have secured their first export sale of a LENS 850-R system to China. The $1 million system was purchased by Beijing Purple Light Laser Technology Company, who will use the equipment to manufacture and repair industrial gas turbine components. Optomec has already established itself in the global marketplace with system sales to France, Germany, India, Japan, Korea, and Singapore. This order is an important step for Optomec, as it establishes the company as a US-based manufacturer/exporter of leading edge technology to China.

The LENS (Laser Engineered Net Shaping) System sale to China is a prime example of how New Mexico is striving to create technology-focused, high wage jobs with leading additive manufacturing technology. In 2005, Senator Jeff Bingaman worked to enact legislation that builds on the Technology Transfer Act by reducing the amount of bureaucratic red tape associated with lab-private sector partnerships. He is also working to advance legislation that would create high-tech business “clusters” near Sandia and Los Alamos that will help the labs meet their missions while creating high-tech jobs in the state.

Senator Bingaman stated “Optomec is one of the many reasons Albuquerque was selected this year as the top place in the country for businesses and careers. I congratulate Optomec and wish the company continued success.” Optomec’s LENS technology, (originally conceived at Sandia National Laboratories) is an example of the successful commercialization of defense technology and exemplifies how the Act has helped create high-tech, high paying jobs and propel New Mexico’s technological leadership.

“We are equally proud to be manufacturing our products here in the United States and to be a net exporter with more than 40% of our business coming from overseas customers. Legislation such as the Technology Transfer Act supports our commitment to continue to both source and supply American-made products” noted David Ramahi, Optomec President and CEO.

Optomec is the world leading provider of additive manufacturing systems for high-performance applications in the Aerospace & Defense, Electronics, and Biomedical markets. These systems utilize Optomec’s proprietary M3D aerosol-jetting technology and LENS powder-metal fabrication technology.

LENS is a registered trademark of Sandia Corporation.