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PDLD Announces Licensure Agreement for Volume Bragg Grating Technology...

PD-LD, Inc., the worldwide leader in Volume Bragg Grating's174; (VBG's174;) technology, today announced a licensing agreement with Ondax, Inc. of Monrovia, Calif.

The agreement provides Ondax with the licensing rights to use PD-LD'ss VBG technology in Ondax manufactured photonic elements and technologies. It also allows Ondax to pass on sub-licensing rights to its customers to use Ondax'ss products in subsequent applications in systems and instrumentation.

We'sre pleased to announce this licensing arrangement and are excited that it enables an even broader array of customers the ability to apply our revolutionary VBG technology to their products and future research and development, said Dr. Vladimir S. Ban, PD-LD President and CEO. We also look forward to partnering with additional producers in the industry, as well as those interested in entering the field, to use this cutting-edge technology.

PD-LD will retain the ownership rights to its continually expanding VBG technology patent portfolio, which has been utilized in multiple industrial and consumer applications, ranging from laser displays to weather satellites, aircraft systems, Raman spectroscopy, detection, filtering and homeland security monitoring.

As part of its business strategy, PD-LD plans to advance its own VGB research and development to grow its patent portfolio. In fact, it has more than 20 patents pending and will be announcing some recently approved patents within the next several weeks.

More information about PD-LD'ss wide range of products, services and patents, can be found on the company'ss website, www.pdld.com.

About PD-LD

PD-LD, Inc., founded as a photonic packaging company in 1993 and headquartered in Pennington, N.J., began its patent filings in 2001, paving the way for a series of patent approvals for the manufacturing use of Volume Bragg Gratings and their applications to multiple uses across various industries. Named one the fastest growing technology companies in N.J., PD-LD currently has two groups of patents within its portfolio - one for the manufacturing of Volume Bragg elements and the other for market place / applications use in equipment such as stabilized lasers, satellites, medical devices, raman instrumentation and laser displays. For more information, visit www.pdld.com.

For Immediate Release

Contact:

Uri Abrams

Chief Operating Officer

609-564-7900

uabrams (at) pd-ld (dot) com

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