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Axsun Technologies, A Wholly-Owned Subsidiary of Volcano Corporation, Announces Breakthrough Integrated Light Source Architecture for Optical Coherence Tomography (OCT) Imaging 200kHz High Definition Swept Source (“HDSS”) Expected To Enable Rapid Proliferation of Ultra-High Speed, High Definition Medical Imaging Across a Range of Clinical Applications

Billerica, MA – (December 4, 2009) – Axsun Technologies, Inc., a wholly-owned subsidiary of Volcano Corporation (NASDAQ: VOLC), today announced the initial development and successful testing of a novel integrated light source architecture for OCT imaging.

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Axsun Technologies Announces Strategic Supply Agreement for Integrated OCT Engines with Lantis Laser for Dental Imaging Applications

BILLERICA, Massachusetts (June 3, 2008) – 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™, to be introduced to the market in the first quarter of 2009.

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Axsun Announces New Sample Interface for Anavo™, The Industry’s Fastest Handheld NIR Analyzer at Pittcon 2008 (Booth 5509)

Anavo (TM) Analyzer boasts fastest measurement time in the industry in a rugged, handheld configuration


Billerica, MA, March 3, 2008 - Axsun Technologies, Inc., a leading manufacturer of micro-optoelectronic spectrometers, announced the availability of a new sample interface for the Anavo (TM) Analyzer, the fastest handheld NIR spectrometer on the market. This rugged analyzer, based on Axsun’s advanced MEMS-based spectrometer is targeted at material identification applications ranging from plastics compounding and recycling, to incoming raw materials inspection to field measurements in the food and agriculture industry. The new flexible sampling interface will enable the Anavo to measure materials in a wider range of form factors and will allow non-contact measurements, providing more flexibility to the user.

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Axsun Introduces Channel Power Monitor product at ECOC 2007

Cost-efficient Optical Monitor Broadens Axsun’s Industry Leading Optical Channel Monitor Product Family


Billerica, MA, September 16, 2007 - Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced further expansion of their industry-leading OMx™ optical monitor product family with the introduction of the Channel Power Monitor (CPM), Optical Power and Wavelength Monitor. Introduced for the first time at the European Conference on Optical Communication (ECOC) in Berlin, Germany, Axsun’s new optical monitor product delivers the right balance of performance, scalability and economics needed for cost-conscious metro applications.

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Axsun Introduces Family of Advanced Tunable Components at ECOC 2007

Billerica, MA, September 16, 2007 - Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced a family of Tunable Filter products. Based on Axsun Technologies’ industry-leading optical integration platform, Axsun Tunable Filters offer the industry’s highest resolution tunable filter performance in a compact footprint, enabling optical subsystem OEMs to integrate high resolution filtering into compact next-generation optical modules.

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Axsun Introduces High Performance C+L Optical Monitor at OFC/NFOEC 2007

Extended-Range Optical Monitor Broadens Axsun’s Industry Leading Optical Channel Monitor Product Family


Billerica, MA, March 26, 2007 – Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced further expansion of their industry-leading OMx™ optical monitor product family with the introduction of the industry’s first high resolution C+L Band Optical Monitor. Introduced for the first time at OFC/NFOEC conference and exposition in Anaheim, CA, Axsun’s new OMxCL, delivers industry-leading performance across the entire C+L bands in a single compact integrated package.

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Axsun Introduces Fastest Handheld NIR Analyzer at Pittcon 2007 (Booth 4390)

Anavo (TM) Analyzer boasts fastest measurement time in the industry in a rugged, handheld configuration


Billerica, MA – (February 21, 2007) - Axsun Technologies, Inc., a leading manufacturer of MEMS-based micro-optoelectronic spectrometers, announced today the introduction of the Anavo(TM) Analyzer, the fastest handheld NIR spectrometer on the market. This rugged analyzer, based on Axsun’s revolutionary MEMS-based spectrometer is targeted at material identification applications ranging from plastics and polymer recycling, to incoming raw materials inspection to field measurements in the food and agriculture industry.

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AXSUN TECHNOLOGIES TO PRESENT AT NEEDHAM & COMPANY GROWTH CONFERENCE

Billerica, MA - (January 2, 2007) — Axsun Technologies announced today that they will present the Axsun “spectral engine” story at the Ninth Annual Needham & Company Growth Conference at The New York Palace Hotel in New York, NY. Dr. Petros Kotidis, Vice President of Business Development at Axsun, will present the company’s products, technology and growth prospects on Wednesday, January 10, 2007 beginning at 8:30 am eastern time at the Chairman’s Office Conference Room.

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Axsun Technologies, Inc. to Expand MEMS-Based Offerings in Industrial Process Spectroscopy, Homeland Security and Optical Communications Following Closure of $15M Series D Funding ESI, Inc leads financing round, joining previous venture capital and private investors

Billerica, MA – (November 7, 2006) - Axsun Technologies, Inc., a leading manufacturer of MEMS-based micro-optoelectronic “spectral engines,” announced today the closure of a $ 15 M financing round. Electro Scientific Industries, Inc. (ESI; Nasdaq: ESIO), a leading supplier of innovative production laser systems for microengineering applications, led the Series D equity round, which was joined by current investors Prism Venture Partners, Vantage Point Venture Partners and Stata Venture Partners along with other private investors. In addition to the equity financing, Axsun closed an asset backed loan agreement with Bridge Bank. Axsun will use the proceeds to enhance its core “spectral engine” offerings in industrial process spectroscopy, including the PAT Pharmaceutical, homeland security and optical communications markets. Axsun, Inc., has invited Steve Harris, vice president of R&D at ESI, to join its board of directors. Mr. Harris joins Ray Stata, Axsun CEO Dale Flanders, Bill Seifert from Prism Ventures and David Fries from Vantage Point Venture Partners on the board.

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Axsun, Inc., Citing Increased Demand for MEMS-based Spectrometer, Expands into Europe

Billerica, MA – (August 14, 2006) - Axsun Technologies, Inc., a leading manufacturer of MEMS-based micro-optoelectronic spectrometers and optical channel monitors, announced today an expansion into Europe with the establishment of a direct office in the UK.

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Axsun Technologies Announces New $2.5M U.S. Army Contract

Billerica, MA, October 18, 2005 – Axsun Technologies, Inc., a leading manufacturer of micro-optoelectronic products that improve quality, performance, and productivity in a variety of industries , today announced that the company has received a $2.5 million contract from the U.S. Army to develop and implement technologies for automated assembly of micro-mechanical devices. Axsun is currently working with the Army to develop advanced versions of the LIGA process, a technology for fabricating highly precise micro components from metals and plastics.

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Axsun NIR IntegraSpec™ Analyzer Wins R&D 100 Award

Billerica, MA, August 9, 2005 – Axsun Technologies, Inc., a leading manufacturer of micro-optoelectronic products that improve quality, performance, and productivity in a variety of industries, has been notified that the Axsun NIR (Near Infrared) IntegraSpec Analyzer has been selected as one of the 2005 Top 100 new products by R&D magazine. D escribed as "the Oscars of Invention" by The Chicago Tribune, the prestigious R&D 100 Awards have been recognizing excellence in innovation for 42 years.

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Axsun Technologies Announces New Extended Wavelength Range For IntegraSpec™ NIR Microspectrometer

Billerica, MA, June 15, 2005 – Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, announced new extended bandwidth versions of its IntegraSpec XL, XLP, and NIR Analyzer product families. Based on an NIR spectrometer platform with a tunable laser-based light source, integrated wavelength and amplitude references, and detector, IntegraSpec products address a broad range of NIR spectroscopic process applications, monitoring vapor, liquids, and solids. Configured as rugged, maintenance-free systems, IntegraSpec products are readily integrated into the process stream.

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Axsun Technologies Announces New High Speed Products for Industry-Leading Optical Monitor Family

BILLERICA, Massachusetts and ANAHEIM, California (March 7, 2005) – Axsun Technologies Inc., a leading developer and manufacturer of advanced photonic components and subsystems, today announced two new high-speed products in the industry-leading OMx™ optical monitor product family. First field deployed in 2001, today OMx monitors are used in over half of all new telecommunications systems employing optical monitoring. The OM4 and OM5 products offer the industry-leading performance equivalent to Axsun’s established OMx products, but operate up to 10 times faster, completing measurements in 100 milliseconds.

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Axsun Technologies to Launch IntegraSpec™ XL Product Family, the First NIR Micro-Spectrometer With a Tunable Laser Designed for Condensed-Phase Samples at PITTCON®

BILLERICA, MA, and ORLANDO, FL, (Feb. 28, 2005) – Following its 2004 PITTCON Editors’ Bronze Award for best new product, today Axsun Technologies, Inc. launched a groundbreaking new platform of tunable-laser-based products to enable continuous quality monitoring in process applications at PITTCON 2005. These include the IntegraSpec XLP system for pharmaceutical Process Analytical Technology (PAT) applications, the IntegraSpec XL line for industrial-process applications, and new versions of its award-winning NIR Analyzer. PITTCON 2005 opens today at the Orange County Convention Center, Orlando. A leading manufacturer of micro-optoelectronic products that improve quality, performance, and productivity in a variety of industries, Axsun is exhibiting at Booth 2382.

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