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5 hours ago
Laser Photonics Scores Order From Walsh Service Solutions
Laser Cleaning Technology Reduces Eco Footprint of Infrastructure Maintenance Near Waterways
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (LPC), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it received an order from Walsh Service Solutions, LLC for one of its flagship handheld laser cleaning systems.
Walsh Service Solutions has placed an order for the CleanTech IR-3040 โ a high-performance handheld fiber laser system designed by LPC for speedy surface decontamination. Walsh Service Solutions, which provides business and construction support solutions, will utilize the CTIR-3040 in abatement and remediation of inland waterway infrastructure including canal locks.
โWe spent in-depth effort identifying different abatement methodologies to extend the life of these facilities while simultaneously improving maintenance speed and operations. We had to balance efficiency, logistics, and costs โ with the safety of our team always at the forefront,โ said Rich Walsh, the President of Walsh Service Solutions.
Walsh continued: โWe selected Laser Photonicsโ CleanTech IR-3040 for the safety, versatility, and efficiency it will bring to our specific applications in this project and many others. This laser technology will not only allow us to increase worker safety, minimize waste generation from abatement operations, and increase our operational efficiencies; it will also give us a competitive advantage in pursuing future projects.โ
John Armstrong, the Executive Vice President of LPC, added: โWe are thrilled that Walsh Service Solutions has selected Laser Photonics as its supplier of laser cleaning equipment for its critical project. It is essential that maintenance projects near waterways do not harm local ecosystems. This is where laser technology excels, as it eliminates the need for abrasives and chemicals, leaving no mess behind.โ
Laser cleaning is a sustainable surface treatment method for businesses looking to reduce their ecological impact, as it does not involve the use of consumables and generates minimal secondary waste. LPC technology continues to be adopted in the maintenance, repair and operations (MRO) arena and many other sectors as companies worldwide move toward sustainable technology.
For more information about the CleanTech line of laser cleaning systems, visit https://laserphotonics.com/laser-cleaning.
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3 days ago
Laser Photonics Secures Order for Cooper Nuclear Station in Nebraska
New Order Points to Growing Adoption of Laser Cleaning Technology in Nuclear Industry
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (LPC), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it received an order from the Cooper Nuclear Station (CNS), Nebraskaโs largest single-unit generator providing clean and reliable electricity.
โLaser cleaning technology is rapidly gaining ground as a highly effective alternative to hazardous surface preparation methods,โ said John Armstrong, Executive Vice President of Laser Photonics. โLPC is serving a growing number of clients in the nuclear energy sector, and we are thrilled that Cooper Nuclear entrusted us in providing its team with innovative laser-powered equipment.โ
The CleanTech CR-3010, acquired by CNS, is a commercial-grade handheld continuous wave fiber laser machine for surface preparation. It effectively removes contaminants and coatings off various surfaces during maintenance and production processes, and it has demonstrated its capability to blast off radioactive particles along with unwanted material. Paired with a fume extractor, the system turns into an irreplaceable power tool for the regular maintenance of equipment and infrastructure.
CNS, operated by the Nebraska Public Power District (NPPD), plans to use the CleanTech CR-3010 for paint and rust removal in the pre-weld preparation of valves, pipes and steel plates across plant equipment.
Laser ablation is an eco-friendly surface preparation method for businesses looking to reduce their ecological impact, as it does not involve the use of hazardous consumables and generates minimal secondary waste. LPC technology continues to be adopted in the nuclear industry and others as companies worldwide advance toward their sustainability goals.
For more information about the CleanTech line of laser cleaning systems, visit https://laserphotonics.com/laser-cleaning.
About Laser Photonics Corporation
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6 days ago
Laser Photonics Wins Dual Order From Phillips 66
Fortune 500 Oil Refinery To Use CleanTech & MarkStar Systems
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing, announced today that it has received a dual order from global oil refiner Phillips 66 for a CleanTech and a MarkStar laser systems.
โWe are honored to welcome Phillips 66 as our new client and deliver our industrial-grade laser technologies to a major U.S. oil refinery,โ said Wayne Tupuola, CEO of LPC. โThe companyโs commitment to safety, sustainability, and innovation aligns with our mission to provide cleaner and safer solutions for material processing. This order underscores the value of our environmentally friendly technologies in meeting the energy needs of millions.โ
Phillips 66 has acquired LPCโs CleanTech IR-3040, an industrial-grade handheld laser cleaning system, and the MarkStar PM-2010, a compact desktop laser marking system. These will be shipped to its pioneer site, focusing on testing out innovative technologies that have the potential to optimize existing processes, improve the bottom line, enhance personnel safety, and reduce environmental impact.
The CTIR-3040 is powered by laser ablation technology, which offers a non-contact method to clean and profile surfaces without abrasives or chemicals. Phillips 66 plans to use the CTIR-3040 to remove scale formation during pipe and pressure vessel maintenance, as well as to prepare surfaces for re-painting ahead of regular facility inspections. Following a testing interval, the company is considering implementing laser solutions to replace sandblasting processes.
The MSPM-2010 laser marking system will be used to mark data plates for refinery pressure vessels, which are periodically re-rated. This technology provides a high-speed, consumable-free solution for creating permanent, legible markings on a wide variety of materials.
For more information about CleanTech and MarkStar product lines, visit Laser Photonics at https://laserphotonics.com/
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1 week ago
Laser Photonics Announces Promising Early Returns and Significant Growth Opportunities Following Control Micro Systems (CMS) Acquisition
Substantial Early Returns in First Month Post-Acquisition Highlight Strategic Potential of CMS Assets
CMS Revenue Backlog Has Grown to over $3.7 million
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today provided an update on its acquisition of Control Micro Systems, Inc. (CMS). In the approximately one month after the $1.05 million ($950,000 in cash and $100,000 in LASE common stock) acquisition closed, LPC has already achieved nearly $600,000 in cash flow from accounts receivable collections and received nearly $600,000 in new CMS orders, reinforcing the strategic value of this addition.
A Promising Start to a Strategic Acquisition
The CMS acquisition represents a strategic milestone for LPC, diversifying its business into recession-resistant markets and significantly expanding its engineering capabilities. The early results demonstrate the untapped potential of CMSโ assets.
With a customer base that includes some of the worldโs largest pharmaceutical manufacturers, CMS is well-positioned to scale under Laser Photonicsโ leadership. The company remains optimistic about the long-term revenue and profit contributions this acquisition will deliver.
Capitalizing on the Growing Pharmaceutical Market
CMS specializes in precision laser systems for pharmaceutical applications, notably laser drilling systems used in controlled-release pharmaceutical production. These systems enable manufacturers to create microscopic apertures in tablets, ensuring precise control over drug release ratesโa critical function in modern drug delivery systems.
The broader market for controlled-release pharmaceuticals reached $49.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of nearly 11% through 2030. While CMSโs laser systems represent a niche within this massive market, the increasing adoption of advanced drug delivery technologies positions CMS for substantial growth.
Wayne Tupuola, CEO of Laser Photonics commented:
โWe see a tremendous opportunity to expand CMSโ presence in the pharmaceutical market. The combination of its innovative technologies and our robust sales and marketing infrastructure provides a pathway to scale their solutions, penetrate deeper into existing pharmaceutical customer bases, and attract new clients in this high-growth sector.โ
Unlocking Potential in Custom Laser Systems
Beyond pharmaceuticals, CMS brings a wealth of experience in designing and delivering custom laser solutions for diverse industrial applications. This capability allows Laser Photonics to offer tailored systems that address specific customer needs across industries, from healthcare and automotive to aerospace and energy.
By integrating CMSโ custom laser expertise into its broader portfolio, Laser Photonics aims to enhance its ability to develop innovative, customer-centric solutions across its entire product line. CMSโ bespoke engineering capabilities also align with Laser Photonicsโ focus on pushing the boundaries of industrial laser applications, creating significant cross-selling and product development synergies.
Tupuola added:
โCMSโ strength in delivering precision-engineered custom solutions gives us a competitive edge in addressing unique customer challenges. Weโre excited to leverage their expertise across our portfolio, enabling us to offer enhanced value to existing customers while tapping into new markets.โ
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonicsโ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, maritime, nuclear, and space industries are using Laser Photonicsโ unique-to-industry systems. For more information, visit https://www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
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2 weeks ago
Laser Photonics Advances PCB Marking Technology R&D for Electronics and Semiconductor Manufacturing
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (โLPCโ), a leading global developer of industrial laser systems for cleaning and other material processing applications, and its recently acquired subsidiary, Control Micro Systems, Inc.(CMS), announced today the expansion of their Printed Circuit Board (PCB) Marking technology development program targeting the semiconductor and electronics market.
Laser marking is vital in semiconductor production, a market projected to reach $1 trillion annually by 2030. High-speed laser processing equipment is essential to meet the demand for advanced chips. CMS, with decades of experience, develops automated PCB Marking technology that provides a high-speed process for etching serial numbers, barcodes, logos, and other tracking data with precision and efficiency. These systems can be configured for standalone operation or integrated into existing SMT lines.
โCombining CMSโs expertise with our R&D initiatives allows us to further develop its cutting-edge PCB Marking Technology to meet the semiconductor sectorโs stringent demands,โ said Wayne Tupuola, CEO of LPC. โWe are excited to continue pushing the boundaries of what is possible with laser technology as we work toward setting new industry standards.โ
The current PCB Marking systems built by CMS are Class I systems that can effectively mark onto all types of PCB, including FR-4, CEM-1, phenolic paper, ceramic substrates, and solder mask substrates. These laser marking systems use off-axis machine vision to detect fiducials, determine processing locations, and verify marked data. CMS Laser is a certified Cognex integrator, leveraging expertise with advanced camera systems.
For LPC, established as a trusted provider of industrial laser equipment, semiconductor technologies are a new sector of focus. Supplemented by CMS expertise, LPC is dedicating resources to research and development in this sector in accordance with its broad diversification strategy, poised to contribute to growing shareholder value and foster greater resilience in evolving markets.
For more information, visit the LPC website at www.laserphotonics.com.
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3 weeks ago
Laser Photonics Advances Pill Drilling R&D to Increase Presence in Pharmaceutical Market
Modern Solutions for Manufacturing Time-Release Medication
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (โLPCโ), a leading global developer of industrial laser systems for cleaning and other material processing applications, joined by its recently acquired subsidiary, Control Micro Systems, Inc. (CMS), announced today the expansion of its tablet laser drilling technology development program targeting the pharmaceutical and medical technology market.
Tablet laser drilling is a proven, economically viable way to create sub-millimeter apertures in pharmaceutical tablets. This method plays a key role in osmotic pump time-release drug delivery systems, which provide many health benefits like decreasing dosing frequencies, maintaining consistent drug levels in the body over a specific period and enabling customized delivery profiles.
The Tablet Laser Drilling technology by CMS provides an automated, high-speed process capable of drilling up to 140,000 tablets per hour with orifices as small as 200 microns. This technology is engineered to achieve precise dimensional tolerances for osmotic pump tablets and related drug delivery systems, making laser drilling the preferred method for modern pharmaceutical tablet production. Machine vision technology for visual inspection ensures quality and alignment, checking each tablet twice for hole position, size, and/or number before reaching the collection bin. Rejection of produced tablets is rare due to the precision of the system, and any failed tablets are speedily ejected into separate bins.
For LPC, established as a trusted provider of industrial laser equipment, pharmaceutical and medical technologies is a new sector of focus. Supplemented by CMS expertise, LPC is dedicating resources to research and development in this sector in accordance with its broad diversification strategy, poised to contribute to growing shareholder value and foster greater resilience in evolving markets.
โWith the expansion of R&D and the integration of CMS expertise, we can rapidly advance our product offerings to meet the high demands of the pharmaceutical industry,โ said Wayne Tupuola, CEO of LPC. โOur focus on precision and efficiency is transforming drug delivery systems, ensuring optimal performance and patient safety. We are committed to driving forward the future of pharmaceutical manufacturing with cutting-edge solutions that enhance patient outcomes and streamline production processes.โ
For more information, visit the LPC website at www.laserphotonics.com.
About CMS Laser
Control Micro Systems (CMS Laser), is a 40-year U.S. pioneer in software controls development for laser machines. Today, the company produces turnkey laser material processing systems for marking, cutting, drilling, welding, and more. Its cutting-edge laser systems are expertly engineered for high-precision applications in a wide range of industries and tailored to each clientsโ unique manufacturing needs. CMS Laser specializes in developing custom laser systems for a wide range of industries, including solutions for slow-release tablets and counterfeit-proof pill manufacturing. It also counts several top 20 global life sciences companies among their customers. For more information, visit CMS Laser, a Laser Photonics company.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonicsโ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics quickly gained a reputation as an industry leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, maritime, nuclear and space industries are using Laser Photonicsโ โunique-to-industryโ systems. For more information, visit https://www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains โforward-looking statementsโ (within the meaning of Section 27A of the Securities Act of
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3 weeks ago
Laser Photonics Expands Semiconductor Industry-Focused Product Line
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (โLPCโ or โthe Companyโ), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today the expansion of its product offering targeting the surging market for chip fabrication.
The growing demand for electronics and electric vehicles, the rise of industrial automation, and the adoption of AI by technologies across all areas are just some factors that are propelling the chip design and fabrication market forward. Indeed, some analysts expect the semiconductor market to reach an annual $1 trillion by 2030 on the global scale. Yet, although global supply chains have largely recovered from the COVID-19 pandemic, challenges persist as they struggle to fulfill the high demand for advanced chips. That is why the adoption of high-speed laser processing equipment by chip fabs is more essential than ever.
LPC is providing this laser-powered technology to help accelerate the manufacturing of semiconductors. For the Company, established as a trusted provider of industrial laser equipment for surface preparation, cutting, marking, and welding, chip fabrication has been one of the target sectors. Now, joined by its recently acquired subsidiary, Control Micro Systems, Inc. (CMS), LPC has expanded its product line of advanced laser wafer dicing, marking, and scribing technologies.
One of LPCโs flagship products in this space is the BlackStar laser wafer dicing and scribing system. Engineered with short-pulse laser technology, die singulation by the BlackStar involves minimal heat and does not require water jet cooling to separate brittle materials like silicon. This technique greatly improves die yield while minimizing the need for individual die processing, in turn reducing time and labor.
LPCโs expanded portfolio of products for the semiconductor industry now also includes custom-tailored multi-station laser systems for wafer marking, scribing, and lapping, built to handle a variety of wafer thicknesses and sizes. This innovative technology features robotic wafer positioning and machine vision, and serves to facilitate the production and tracing of chips. Separately, a chip marking system integrating ultraviolet laser technology has been added to its portfolio, which allows for the production of the smallest permanent chip markings without damage to the surrounding microstructure of the die.
โOur growth is fueled by the addition of CMS, and we are excited to expand our product portfolio and offer high-speed, effective laser equipment to chip fabs,โ said Wayne Tupuola, CEO of LPC. โWe are continuously driven by our mission to upgrade industrial material processing with reliable laser technology. For the semiconductor manufacturing sector, where progress is critical today, we provide automated solutions that greatly optimize the processing of silicon and related brittle materials.โ
For more information, visit the LPC website at www.laserphotonics.com.
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3 weeks ago
Laser Photonics Completes Installation of Cutting-Edge Pill Drilling System at Customer Facility
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) ("LPC"), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it and its recently acquired subsidiary, Control Micro Systems, Inc. have completed installing a pill drilling system at a customers facility where it will be used to streamline pill production and manufacturing.
Following LPC's recent acquisition of Control Micro Systems, Inc., the two companies have shipped and installed one of their cutting-edge pill drilling systems. The installed product is a Class I automated CO2 laser system with a custom tablet fixture, fume extraction, and machine vision inspection for quality control. The laser system provides industry professionals with a consistent, effective and reliable laser drilling solution.
"This pill drilling system is an ideal anti-counterfeiting and pill drilling solution that we are proud to offer as a product through Control Micro Systems," said Wayne Tupuola, CEO of LPC. "With this innovative system, professionals in the medical and pharmaceutical industry can achieve the results they are looking for during the production of pills, tablets and capsules."
The system's installation follows LPC's recent announcement of a new R&D initiative that will focus on new sectors, including pharmaceuticals, wafers, and semiconductors. Through the R&D initiative the company will be devoting additional resources to advance its currently available technology to maintain a competitive edge and meet the market's needs. LPC's laser systems offer a sustainable solution for material processing in a wide variety of applications. For more information, visit the LPC website at www.laserphotonics.com.
About Laser Photonics Corporation
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4 weeks ago
Laser Photonics Commences Pre-Orders for Industry-Leading Pulsed Laser Cleaning System
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of laser systems for cleaning and other material processing applications, today announced that pre-orders are open for its soon to be launched CleanTech Industrial Roughening Laser 3060 (CTIR-3060). This versatile surface treatment system can function as a standalone unit or be integrated into a CleanTech Robotic Cell for an AI ready automated solution.
Wayne Tupuola, chief executive officer of Laser Photonics, commented, "Our team has worked tirelessly to develop a next-generation high-powered pulsed laser that is ideal for thermally sensitive applications. With the CleanTech CTIR-3060, operators can now quickly and effectively clean and process delicate and thin material with little to no damage to the underlying substrate. We are excited to continue leading the way in laser technology innovation and look forward to the future."
LPC's new CTIR-3060 is an industrial-grade fiber laser solution for laser cleaning and surface conditioning. The company's highly skilled engineers tailored the technology to suit the needs of the aerospace, automotive, and defense MRO industries, ensuring that it will provide unparalleled accuracy, speed, and efficiency across a range of applications and settings. The new system differs from the currently available 1000-watt continuous wave laser by allowing professionals to clean and process components with little to no thermal warping due to it being a pulsed system.
The CTIR-3060 includes next-generation upgrades such as overheat protection, a compact scan head for quick setup and high precision, and mobile connectivity for remote control. These enhancements improve usability and the longevity of the system. To pre-order the new system, visit https://www.laserphotonics.com/contact.
LPC empowers clients, from small businesses to manufacturing giants and government entities, to save time and money while achieving unparalleled precision in surface cleaning and preparation. For more information about the CleanTech family of laser cleaning systems and other LPC technologies, visit the LPC website at www.laserphotonics.com.
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4 weeks ago
Laser Photonics CleanTech Technology Being Utilized for Airplane Hangar Maintenance
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE), ("LPC"), a leading global industrial developer of CleanTech laser systems for laser cleaning and other material applications, announces key applications for its CleanTech Handheld LPC-2000-CTHD laser blasting system.
This CleanTech laser blasting system is being utilized by operators in Florida for airplane hangar maintenance. The cutting-edge technology provides a cost-effective and time-efficient method of cleaning airplane hangars of rust and other compounds. Due to this and the product's adaptive nature, it has been increasingly adopted for MRO applications around the country by those working in the aerospace and defense industry.
Wayne Tupuola, CEO of Laser Photonics, commented: "We continue to push the boundaries of our technology to meet the needs of our growing customer base and are proud to be the go-to solution provider in our industry."
For more information about the CleanTech line of roughing, conditioning, and finishing laser systems and other CleanTech laser cleaning systems or information on our Service Partner Network, please visit: https://www.laserphotonics.com/spn or contact our sales department at fiberlaser@laserphotonics.com.
https://cts.businesswire.com/ct/CT?id=bwnews&sty=20241126860235r2&sid=acqr8&distro=nx&lang=en
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Karla Kizzort
Marketing Specialist
Laser Photonics Corporation
kkizzort@laserphotonics.com
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1 month ago
Laser Photonics Announces It Is Transitioning Into a Parent-Subsidiary Structure
ORLANDO, FL--(BUSINESS WIRE)-- Laser Photonics Corporation (NASDAQ: LASE) (โLPCโ), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it will officially be transitioning into an Operational Holding Company with wholly-owned subsidiaries under the name โLASE Holdings.โ LASE Holdings will be based out of a corporate office in Lake Mary, Florida.
In connection with the recent acquisition of Control Micro Systems, Inc. by LPC, the company is starting to undergo a reorganization into targeted market divisions. This move supports LPCโs broad diversification strategy, expanding into traditional markets and targeting high-growth sectors to unlock greater opportunities and enhance resilience. The projected subsidiaries under LASE Holdings are Laser Photonics, CMS Laser, Control Micro Systems, LP Semiconductor, 3D AXS and LP Media Group. Markets of focus are: eco-friendly laser cleaning, industrial material processing, medical & pharmaceutical systems, semiconductor and flat-panel display processing systems, additive manufacturing, full-service marketing agency and government and defense laser systems.
โLaser Photonics Corporation will be elevated to a holding company without any effect on existing shareholders,โ said John Armstrong, Executive Vice President of LASE Holdings. โWe have started with the initial phases of the transition and are expecting that it will be completed during the first quarter of 2025, and we look forward to continue adding innovative solutions to our product offering as we work toward creating an operation that offers the largest selection of laser systems in North America.โ
The planned reorganization is poised to contribute to growing shareholder value as it is expected to strengthen LPCโs financial performance and foster greater resilience in evolving markets. Leveraging extensive expertise in bringing innovative laser technology from concept to revenue-generating industrial products, LASE Holdings is ready to drive long-term value by improving profitability, expanding market share, and elevating the companyโs reputation in key sectors.
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1 month ago
Laser Photonics Corporation (NASDAQ: LASE), (โLPCโ), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, today announced results for its third quarter ended September 30, 2024.
Wayne Tupuola, CEO of Laser Photonics, commented on the third quarter:
โLooking at the quarter, we navigated a challenging period marked by increased investment in HR, Sales, and administrative functionsโstrategic moves that, while impacting our short-term performance, are essential for our future growth. We also secured several key deals, such as a sale of our CleanTech Industrial Roughening Laser 3050 to Acuren, another sale to the U.S. Navy, and an expansion with Brokk into the Asia-Pacific region. Each of these highlights our ongoing commitment to driving growth and value across strategic verticals.โ
โLooking to our future, we're excited about the advancement of our innovative product concepts, including the Laser Shield Anti-Drone System (LSAD) and the Next-Gen CleanTech Robotic Cell, both poised to play critical roles in defense and industrial markets.โ
Control Micro Systems (CMS) Acquisition
Tupuola continued, โIโm also thrilled to share details about our recent acquisition of CMS, which was finalized shortly after the third quarter. This acquisition represents a transformative opportunity for Laser Photonics by extending our footprint into the healthcare and pharmaceutical industries, particularly in controlled-release drug delivery and counterproofing pills, while also bringing synergies to our industrial markets. CMS specializes in custom precision laser systems, including laser drilling for controlled-release pharmaceuticals and anti-counterfeiting solutions, aligning perfectly with our vision to innovate in critical, high-growth sectors.
โThe CMS acquisition diversifies our portfolio, enhancing our resilience against economic cycles and providing stability to our CleanTech revenue stream. CMS already serves some of the worldโs largest pharmaceutical companies, giving us a platform to strengthen relationships with industry leaders and expand our client base. By leveraging LPCโs sales and marketing capabilities, we see significant potential to unlock value in CMS's offerings, supported by over $2 million in unbilled contracted revenue.โ
Financial Highlights: (Q324 vs. Q323)
Revenue: $0.8 million compared to $1.3 million;
Gross Profit: $0.6 million compared to $1.0 million;
Operating Loss: ($1.7) million compared to ($0.9) million;
Net Loss: ($1.6) million from ($0.9) million;
Loss per Share: ($0.13) compared to ($0.11).
Third Quarter Business Highlights
Announced CleanTech Customer Orders:
Acuren - a leader in nondestructive testing services, selected LPCโs CleanTech laser systems to support critical inspection and maintenance processes;
Semiconductor and Solar - A leading poly-silicon manufacturer is using CleanTech to enhance its manufacturing process;
Oil & Gas: A global company in the oil and gas sector.
Announced DefenseTech Customer Orders:
U.S. Navy - The Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility integrated LPCโs DefenseTech laser system for the removal of corrosion from naval vessels.
Partnerships:
Expanded partnership with Brokk to its Australian subsidiary to bring laser cleaning and cutting technology to the mining, tunneling, construction, metal processing, and military ecosystems in Australia, New Zealand and throughout the Asia-Pacific region.
Products:
Released concept video for Laser Shield Anti-Drone System (LSAD) prototype at LPC's testing facility. The LSAD is a cutting-edge solution in development for the deterrence of unauthorized drone activity;
Released concept for Next Gen Robotic Clean Cell.
Webcast Info: Management will host a webcast at 9 AM ET to discuss todayโs results, which can be accessed here:
https://viavid.webcasts.com/starthere.jsp?ei=1698029&tp_key=b4fad4c0de
About Laser Photonics Corporation
Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. LPC's new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC has quickly gained a reputation as an industry leader for industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries are using LPC's "unique-to-industry" systems. For more information, visit www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may
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2 months ago
Laser Photonics and Fonon Technologies Receive Order Through NOBLE Partnership For Camp Lejeune
LPC Expands Distribution Network With Help of Industry Leader
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, in partnership with Fonon Technologies, announced today that it has received an order for the DefenseTech MRLS Finishing laser system (DTMF-1030) through NOBLE, a leader in global sustainment and operations support for the U.S. Military and civilian government agencies.
The DefenseTech laser cleaning system was purchased by Marine Corps Base (MCB) Camp Lejeune, located in North Carolina, due to its versatility and power. This sale marks LPCโs first order through NOBLE as an authorized vendor, marking the start of the two companiesโ relationship. The formation of this partnership translates to LPCโs cutting-edge laser solutions being provided through NOBLE and the expansion of their distribution network.
โWe are thrilled to collaborate with an industry giant in the defense procurement industry through our work with NOBLE,โ said Bryan Lee, the Vice President of Fonon Technologies. โThe DefenseTech series by Laser Photonics offers industry professionals a suite of sophisticated laser-powered tools for material processing designed to streamline critical MRO operations, making the systems ideal for defense maintenance specialists working with corrosion control and removal as well as other mission critical maintenance processes.โ
The next-generation DTMF-1030 handheld laser system was designed to streamline maintenance processes. The advanced dual-axis technology tackles uneven and intricate surfaces with ease, delivering exceptional speed and a superior finish. The DTMF-1030โs portability and compact size make it perfect for on-site cleaning, finishing and surface treatment while equipping military professionals with an eco-friendly alternative to traditional industrial surface preparation methods.
The DefenseTech product line provides cost effective, time-efficient and safe surface treatment solutions for removing corrosion and preserving military equipment. Laser surface treatment can be used to remove corrosion and contaminants from metal surfaces on equipment and weapons without damaging the underlying material.
Under the agreement between Fonon Technologies and NOBLE, Laser Photonics will supply its laser equipment for material processing through NOBLE to military, government, and critical infrastructure clients. In addition to its DefenseTech series of handheld, easy-to-use cleaning and marking systems, LPC will offer NOBLEโs clientele its enclosed Class I laser systems. LPCโs laser systems offer a sustainable solution for surface treatment in a variety of applications, including decontamination, paint removal, texturing, polishing, marking, engraving and welding. For more information, visit the LPC website at www.laserphotonics.com.
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2 months ago
Laser Photonics Completes Acquisition of Control Micro Systems - Expands Into Pharmaceutical Laser Equipment Market
CMS develops specialized laser systems critical for slow-release tablets and counterfeit proof pill manufacturing in the pharmaceutical industry
CMS brings existing program orders of $4 million to LPC
CMS counts several top 20 global life sciences companies as customers
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (โLPCโ or the โCompanyโ) (NASDAQ: LASE), a global leader in industrial laser systems for cleaning and material processing applications, today announced the closing of its acquisition of Control Micro Systems, Inc. (CMS). This transformative acquisition strengthens LPC's footprint in the global laser market and directly opens the door to the high-demand pharmaceutical equipment sector known for its growth and stability.
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Wayne Tupuola, CEO of LPC commented:
โWeโre excited to welcome CMS and its talented team into the LPC family. CMS is well-regarded for its U.S.-designed and manufactured laser solutions that offer precision and speed, and we share a vision of advancing high-quality laser systems across various industries. This acquisition is particularly significant as the pharmaceutical market, with its stringent quality standards and demand for technologies like slow-release tablet production and anti-counterfeiting, provides both a recession-resistant opportunity and high barriers to foreign entry. Combining our expertise, we believe we are well-positioned to deliver high-performance tools to clients worldwide who demand the best in safety, sustainability and material processing.โ
LPC acquired CMSโ assets through an asset purchase agreement for approximately $1 million, primarily funded by cash from a recent capital raise and stock. The acquisition was made possible through divestments by CMSโ parent company as part of its Chapter 11 bankruptcy proceedings. LPC ensured a smooth transition by offering positions to all CMS employees, providing stability and continued service for CMSโ valued customers and vendors.
Tupuola added, โWe believe the value we obtained from this acquisition was substantial, as the assets were under-monetized due to its former parent companyโs over-leveraged financial position. Over the coming years, we see a tremendous opportunity to unlock CMSโs growth potential by integrating it into our existing sales and marketing infrastructure, enhancing customer engagement and expanding our market reach to maximize wallet share from current customers and bring new clients on board.โ
Reflecting on the strategic importance of the acquisition, Carlos Sardinas, VP of Finance at LPC, emphasized in an interview that CMSโ strong foothold in the pharmaceutical sector, alongside its advanced laser systems for controlled-release medications, positions LPC to further expand in the life sciences industry. CMS clients include some of the worldโs largest pharmaceutical companies, underscoring this acquisition's value to LPCโs portfolio and growth strategy.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets,
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2 months ago
Laser Photonics Signs Definitive Agreement To Acquire Control Micro Systems
Acquisition to provide entry into the medical and pharmaceutical laser markets
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced it signed a definitive agreement to acquire Control Micro Systems, Inc. (CMS) through an asset purchase agreement (APA). The acquisition is expected to provide an opportunity for Laser Photonics to strategically broaden its market reach, engineering talent and technology portfolio. Terms of the deal were not disclosed.
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Wayne Tupuola, CEO of Laser Photonics, commented:
"This acquisition will enable LPC to expand into the massive, growing pharmaceutical and medical manufacturing vertical, a recession-resistant sector with significant barriers to entry, while diversifying our business and providing us with a significant new market opportunity. CMS has worked with world-class pharmaceutical companies, delivering solutions that meet the industry's most stringent standards for both enabling controlled-release tablets and traceability of medications and packaging for compliance."
"We believe CMS is under-valued due to its lack of investment in sales and marketing over the past few years that will benefit from leveraging LPCโs existing sales and marketing infrastructure. LPC plans to unlock additional value through targeted marketing and customer engagement."
"In addition to focusing on expanded sales and marketing, we plan to hire all CMSโ existing workforce, including engineers and customer support personnel, who we believe will add significant value to our company. Upon closing the transaction, LPC is committed to ensuring a seamless transition for ALL existing CMS employees. Current CMS customers can also expect uninterrupted service and support during this transition."
Market Opportunity in Pharmaceutical and Medical Laser Solutions
The pharmaceutical market for controlled-release medications is expanding rapidly, driven by the growing need for more effective and patient-friendly drug delivery systems. Controlled-release tablets, which gradually release medication over time, require precision manufacturing techniques to ensure the proper dosage and timing of active ingredient release. Laser technology plays a critical role in creating micro-drilled apertures in these tablets, ensuring accurate and consistent drug release.
With global pharmaceutical companies focusing on enhancing drug delivery mechanisms, the demand for laser-based solutions like those provided by CMS is expected to rise. CMSโ experience in supplying laser systems to pharmaceutical companies, coupled with Laser Photonics' sales and marketing expertise, positions LPC to take full advantage of this growing market segment.
Additionally, regulatory bodies, including the FDA, are enforcing stricter serialization and traceability requirements, creating opportunities for laser marking systems to become essential in ensuring compliance. Lasers can precisely mark packaging with batch numbers, expiration dates and unique identifiers, helping pharmaceutical companies meet global standards for product safety and anti-counterfeiting measures.
CMS Products and Technologies
CMS has a well-established reputation for delivering precision laser solutions to the pharmaceutical industry, particularly for controlled-release tablet production and packaging compliance. Its laser drilling systems are critical for creating microscopic apertures in tablets, allowing for precise control over drug release rates. This technology is essential for the manufacturing of medications that require gradual, timed release of active ingredients, ensuring improved patient adherence and therapeutic effectiveness.
Additionally, CMSโs advanced laser marking systems are integral to pharmaceutical traceability. These systems enable precise, high-speed marking of batch numbers, expiration dates and unique product identifiers on both medications and packaging, ensuring compliance with global regulations such as those from the FDA and GMP. Laser marking plays a crucial role in preventing counterfeiting, safeguarding patient safety and maintaining the integrity of the pharmaceutical supply chain.
CMS also brings cutting-edge ultrafast laser technologies that enable non-contact processing of sensitive pharmaceutical materials, such as micro-components used in drug delivery systems. These systems reduce material waste and ensure the highest quality standards in production by offering unmatched precision without damaging delicate materials.
Diversification into a Recession-Resistant Vertical
This strategic acquisition expands Laser Photonics' technological capabilities while adding a recession-resistant vertical to its business portfolio. The pharmaceutical industry, driven by constant medical demand, is less vulnerable to economic downturns, providing a stable revenue stream for LPC. The growing demand for controlled-release medications and the increasing need for precision laser solutions in pharmaceutical manufacturing further position LPC for long-term growth.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonicsโ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, maritime, nuclear, and space industries are using Laser Photonicsโ unique-to-industry systems. For more information, visit https://www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations as of the date of this press release and involve risks and uncertainties that may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. We encourage readers to review the โRisk Factorsโ in our Registration Statement for a comprehensive
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2 months ago
Laser Photonics to Showcase Its Next-Generation Maritime Laser Solutions at the Upcoming Fort Lauderdale International Boat Show
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of CleanTech systems for laser cleaning and other material applications, today announced that it is hosting a booth at this year's Fort Lauderdale International Boat Show (FLIBS). Owned by the Marine Industries Association of South Florida (MIASF) and produced by Informa Markets, FLIBS is recognized as the largest in-water boat show in the world.
A conference and expo for vessel owners, operators and builders, as well as the vendors and suppliers that serve them, FLIBS spans nearly 90 acres across three million square feet of exhibit space that is connected by an intricate network of water and ground transportation services. The five-day show typically attracts over 100,000 attendees (with almost half from outside of Florida) and 1,000 exhibitors representing 52 countries with more than 1,000 vessels on display, including the industry's latest boats and yachts of all sizes.
"Attendance at the Fort Lauderdale International Boat Show gives us a great opportunity to present our innovative products to boat manufacturers and decision-makers in the industry," said Wayne Tupuola, CEO of Laser Photonics. "We look forward to showing to attendees just how much they can benefit from adopting our technology for applications like rust and corrosion removal, metal cutting, welding and more."
Laser Photonics is encouraging attendees to visit their booth to learn about the company's Marine Professional Portable Finishing Laser 1010 (MLPF-1010), a laser cleaning product developed for the maritime and boat manufacturing industry.
What: Fort Lauderdale International Boat Show 2024
When: October 30 โ November 3, 2024
Where: Booth 667A at 801 Seabreeze Boulevard, Fort Lauderdale, Fla, 33316
CleanTech Laser Cleaning Technology
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2 months ago
Add this to the PR collection:
Laser Photonics Lands Sale With Thermodyne Powder Coating
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced the sale of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating, a top provider of powder coating services in Florida that serves hotels, resorts, marinas, boatyards, homeowner associations, condominium complexes and the auto restoration industry.
LPC is to deliver its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Power Coating in a sale that marks the beginning of the two companiesโ relationship. Thermodyne specializes in applying a custom-formulated powder coating that is baked to create a durable, protective and attractive finish. These powders, made from resin mixed with pigments, are melted at precise temperatures and cured into a tough, versatile coating. While not indestructible, powder coat finishes are stronger, thicker, and offer better coverage than most standard paints. The CTIR-3050 will be used at Thermodyneโs facility to streamline and enhance pretreatment processes.
Thermodyne works with companies in a number of industries, especially those in the maritime sector. Coastal regions like Florida present harsh conditions for marine craft and structures due to saltwater, sun and air. Thermodyneโs marine-grade powder coating protects parts, boats, docks and structures from corrosion while preserving their appearance.
โPretreatment is crucial for successful powder coating,โ stated Wayne Tupuola, CEO of LPC. โWe are delighted to provide Thermodyne with our sustainable and efficient laser cleaning technology to help them streamline pretreatment processes, particularly corrosion removal. Our technologies and corporate values align perfectly with Thermodyneโs goals to enhance safety and protect assets for their customers and within their own operations.โ
This sale strengthens LPCโs presence in Florida, increasing brand recognition among coating industry professionals and opening new business opportunities. The CTIR-3050 is LPCโs most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface treatment applications.
For more information, visit Laser Photonics at https://laserphotonics.com/.
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2 months ago
Laser Photonics Announces Successful Exhibition Booth at FabTech 2024
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of laser systems for laser cleaning and other material processing applications, is excited to announce a successful year of attendance at the FABTECH 2024 tradeshow that took place from October 15 to 17.
The event resulted in Laser Photonics generating 137 new leads from fabricators, metal formers, welding managers, finishing managers and business owners from industries around the world. During the show, Laser Photonics demonstrated two of its industrial-grade semi-automated systems for roughening, conditioning and finishing: the CleanTech Robotic Cell (CTIR-6040) and the Class I CleanTech MegaCenter (CTIR-5040).
This was the first time the two laser systems were brought to a tradeshow by LPC, and both proved to be popular among booth visitors who got to see the technology in person. LPC also showcased its MarkStar 20-MSH-Pro marking solution.
"The significant interest we garnered in our new systems at FABTECH this year is a testament to our continuing growth and the success of our solutions," said Wayne Tupuola, CEO of Laser Photonics. "We are thrilled to continue introducing our laser systems to industry professionals as we participate in more trade shows in the future."
FABTECH is North America's largest metal forming, fabrication, welding and finishing event. This year's event attracted not only attendees from Florida's flourishing manufacturing industry but also participants from around the globe, offering LPC access to a diverse and expansive audience.
Laser Photonics continues to supply world-renowned and Fortune 1000 companies with cost-effective, time-efficient and operator-safe laser systems. For more information, visit Laser Photonics at https://laserphotonics.com/.
CleanTech Laser Cleaning Technology
CleanTech Laser Cleaning products by Laser Photonics provide industry professionals with eco-friendly, cost-effective and time-efficient systems that are utilized for industrial cleaning. Applications include rust removal, paint removal, surface preparation and more. This technology is an excellent alternative to traditional cleaning methods like sandblasting, dry ice blasting and other abrasive blasting techniques.
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2 months ago
Laser Photonics Scores Dual Follow-On Sale to NDT Leader Acuren
Leading Nondestructive Testing Company Now a Repeat Client of LPC
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it has completed a dual follow-on sale to Acuren, a leading provider of asset protection services through nondestructive testing (NDT) and consulting.
LPC is to deliver two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to the Sarnia, Ontario-based operations of Acuren in Canada. The CTIR-3050 is LPCโs most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface preparation.
โWe are delighted to welcome Acuren back as a valued customer,โ said Wayne Tupuola, CEO of LPC. โOur laser cleaning systems consistently demonstrate exceptional effectiveness across diverse applications, and awareness of their benefits is steadily rising. In the nondestructive testing market, they are a proven tool for safeguarding critical infrastructures.โ
Acuren is one of the worldโs largest inspection services companies, offering a broad spectrum of NDT solutions. These include radiographic and ultrasonic testing, ground penetrating radar, infrared thermography and rope access technology (RAT). Acuren serves industrial markets, most notably chemical, nuclear power, pipelines, refineries, power generation, oil, automotive, aerospace, mining, manufacturing, renewable energy and paper production.
This swift supplemental sale increases LPCโs recognizability amongst industry professionals, strengthens the companyโs expanding presence in North America, and opens new business opportunities.
For more information, visit Laser Photonics at https://laserphotonics.com/.
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2 months ago
FLUFF DID NOT DO THE TRICK TODAY!
Laser Photonics To Join Brokk Australia at IMARC 2024 in Sydney
Showcasing Cutting-Edge Laser Solutions For Global Mining Industry
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, is to join Brokk Australia at the International Mining and Resources Conference (IMARC), a top forum for critical discussions and innovation across the global mining and resources sector.
In its 11th year, Australia's largest mining event, IMARC 2024, prepares to open its doors to more than 9,000 attendees from 120 countries at the ICC Sydney Convention Center from October 29 to 31. This year, LPC and Brokk Australia will be among over 500 companies showcasing their innovations on the conference floor, which spans an impressive 215,300 square feet.
The joint participation follows the collaboration between LPC and Brokk Australia to bring laser cleaning and cutting technology to the mining, tunneling, construction, metal processing and military ecosystems in Australia, New Zealand and throughout the Asia-Pacific region. Together with Fonon Technologies, LPC is also working with Brokk US on the integration of laser cleaning and cutting technology into remote-controlled robots.
Fonon Technologies is a laser-based development and worldwide manufacturing and systems integration company for state-of-the-art components and material processing equipment specifically produced to meet the stringent requirements of government organizations, as well as all branches of the U.S. military and defense contractors.
"We are excited to be able to participate at this event in the coming weeks. Fonon Technologies can significantly help industry professionals optimize maintenance processes, streamline operations, and move toward more eco-friendly and sustainable practices." said Fonon Technologies Vice President Bryan Lee, "Partnering with an industry-leading giant like Brokk at IMARC magnifies the impact of our collaborative efforts and highlights our ability to bring groundbreaking technology to industries worldwide."
Managing Director of Brokk Australia Ptd Ltd, Will Visser, commented: "Brokk Australia is always excited to exhibit at IMARC. This forum serves as one of the premier meeting grounds and collaboration hotspots for professionals in the global mining industry. It provides us with an ideal platform to boost the visibility of our game-changing, globally tested, and automated solutions. Adding LPC as a fellow participant at this year's IMARC will only help to further illustrate our growing impact in the industry."
The theme of IMARC 2024 is "Accelerating the Critical and Responsible Pathway to Net Zero." The conference will cover various aspects of the mining value chain, including investment strategies, decarbonization strategies, commercialization and applications of innovative technologies. At IMARC, LPC will present a selection of its laser cleaning systems, including its compact laser cleaning system, the Marlin Professional Portable Finishing Laser 1010. This dual-axis, air-cooled pulsed laser system offers a small form factor and mobility ideal for immediate MRO tasks in the field.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonicsโ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics quickly gained a reputation as an industry leader in industrial laser systems with a brand that stands for quality, technology and product innovation. World-renowned and Fortune 1000 manufacturers in aerospace,