06.06.2007 Overview

Laser Components IG, Inc. and OSRAM Opto Semiconductors, Inc. Announce North American Franchise Agreement for Distribution of Semiconductor Laser Products

For Immediate Release

Hudson, N.H. and Santa Clara, Calif. (May 23, 2007) - Laser Components IG, Inc., a leading NAFTA distributor of high technology semiconductor pulsed lasers, detectors, high power laser optics and polarizers; and OSRAM Opto Semiconductors, Inc., one of the worldwide leaders in semiconductor diode laser technology; today announced a franchise distribution agreement throughout the United States, Canada and Mexico effective May 1, 2007. This agreement involves the distribution of all OSRAM's High-Power Laser Diodes products.

OSRAM Opto Semiconductors focuses its product offering on current growing laser markets such as military, security, medical, industrial, and commercial with unmounted semiconductor diode laser bars, packaged diode lasers and the recently released CS mounts and microchannel cooled arrays.

"OSRAM looks forward to working with a global distributor such as Laser Components to broaden our semiconductor laser products reach and allow greater penetration into our key target markets," Tom Shottes, president and CEO, OSRAM Opto Semiconductors, Inc., said. "Laser Components possesses the fulfillment capabilities, technical design solutions and industry experience necessary to ensure optimal service and support for our valued customers."

Gary Hayes, CEO and general manager of Laser Components IG, Inc. added, "LASER COMPONENTS in North America is honored to now offer the OSRAM, high quality and performance laser diode/bar/array product line. The superior OSRAM lasers perfectly complement the LASER COMPONENTS photonics product portfolio, and will certainly enable growth for both companies in all laser market sectors while allowing us to further serve our customers."

About OSRAM Opto Semiconductors
OSRAM Opto Semiconductors is a wholly owned subsidiary of OSRAM, one of the world's two leading lighting manufacturers. It offers its customers solutions based on semiconductor technology for lighting, sensor and visualization applications. The company operates sites in Regensburg (Germany), San Jose (USA) and Penang (Malaysia). For the fiscal year ending in September 2006, the more than 3,500 employees of OSRAM Opto Semiconductors achieved a sales volume of 500 million euros. For more information, visit www.osram-os.com

About Laser Components IG, Inc.
LASER COMPONENTS IG, Inc. is the North American sales, marketing and distribution organization for the global LASER COMPONENTS family. The photonics product portfolio includes both "in house" manufactured components from production facilities in Germany, Canada, and USA along with complimentary laser products from various strategic corporate partners. Products include laser optics, laser diodes, avalanche photodiodes, fiber optics, spectroscopic lasers and instrumentation. For more information, visit www.lasercomponents.com

Except for historical information contained herein, the matters set forth in this news release are forward looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic component industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.

Research and development is focused on future technologies such as lighting applications with organic light emitting diodes (OLED Lighting).The extensive semiconductor product portfolio of OSRAM includes high-power LEDs in various white tones and every desired color, high-performance infrared LEDs, high-quality optoelectronic detectors and high-power semiconductor lasers.