New Light Notches Sale To British Firm

New Light Industries has sold the first copy of a new line of equipment for making holograms, the shiny, three-dimensional images found on credit cards, compact discs and various kinds of identification.

The HI 600 Holographic Imagesetter will be shipped to Light Impressions Ltd. in the United Kingdom, where it will be used to make hologram masters.

President Steve McGrew said the current world market should be able to absorb about 100 of the $125,000 imagesetters. But additional technology under development at New Light’s West Plains laboratory should enlarge the potential market, he said.

McGrew is the owner of New Light Industries and the majority owner of Light Impresssions.

The imagesetter was developed with $140,000 in financial assistance from the Spokane Intercollegiate Research and Technology Institute. McGrew said the institute will be repaid out of royalties from sales.

“The institute has been very helpful throughout the commercialization process,” he said.

McGrew said he expects to begin adding employees to the seven already on his staff later this year, after he returns from trade fairs in China, a major market for earlier generations of his hologram technology.

, DataTimes