INRAD LAUNCHES THIN FILM SERVICES

San Jose, CA, January 22 - INRAD, Inc. (OTC Bulletin Board: INRD) announced today at Photonics West that it has launched its new Thin Film Services business. Jon Herringer, INRAD's Manager of Thin Film Services, is here at the exhibition, meeting face-to-face with current and future customers.

Dan Lehrfeld, INRAD's President and CEO commented, "Optical coatings have always been a key technology area and strategic capability at INRAD, one common to all our product lines. Over the past two years we have expanded and strengthened these capabilities further, both in terms of equipment, people, and processes. We have decided to offer our breadth of experience and capability in this technology to the industry at large via our new Thin Film Services business. Jon and his team have been working with great success on a pilot basis with external customers for several months. We decided to make Photonics West the venue at which we are formally declaring that, 'INRAD Thin Film Services is open for business'."

Devaunshi Sampat, Vice President of Sales and Marketing at INRAD added, "It’s a win-win situation for INRAD and our new customers, and we are excited about entering the coating services sector. For INRAD, it both provides revenue and enables our team to keep our capabilities razor-sharp through greater resource utilization. For our new customers, our entry into supply of thin film services provides them with a new source, one that has exceptional depth of expertise in both coatings and the proper handling of precision optical components. Our coating expertise covers the range of UV through IR wavelengths, AR, HR, polarizing, non-polarizing , and filter specs, and both metal and dielectric films. We routinely handle challenging substrates, including optical crystals of all kinds, and both conventional and specialty glasses."
INRAD, Inc. develops, manufactures, and supplies products and services for key Photonics Industry sectors via its four related product areas: Crystals and Crystal Components, Systems and Instruments, Custom Optics, and Thin Film Services. Its customers include leading corporations in the Laser Systems, Semiconductor and Telecom Inspection Equipment, Telecommunications and Defense industries, as well as the U.S. Government. Its products are also used extensively by researchers at National Laboratories and Universities world-wide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes" and "expects" or similar words. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's thin film services or the products of its customers, future actions by competitors, inability to implement its growth strategy, and other factors discussed from time to time in reports filed by Inrad with the Securities and Exchange Commission. The forward looking statements made in this news release are made as of the date hereof and Inrad does not assume any obligation to update the reasons why actual results could differ materially from those projected.

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