Laser Photonics Scores Dual Follow-On Sale to NDT Leader Acuren
18 October 2024 - 10:00PM
Business Wire
Leading Nondestructive Testing Company Now a
Repeat Client of LPC
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 LPC’s most
powerful handheld laser system, offering top speed and efficiency
for heavy-duty surface preparation.
“We are delighted to welcome Acuren back as a valued customer,”
said Wayne Tupuola, CEO of LPC. “Our 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.”
Acuren is one of the world’s 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 LPC’s recognizability
amongst industry professionals, strengthens the company’s expanding
presence in North America, and opens new business
opportunities.
For more information, visit Laser Photonics at
https://laserphotonics.com/.
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 Photonics’ 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
Photonics’ “unique-to-industry” systems. For more information,
visit https://www.laserphotonics.com.
About Acuren
Acuren is a leading North American provider of critical asset
integrity services. Acuren provides mission critical,
regulatorily-mandated, nondestructive testing, inspection and
engineering & lab testing services across a variety of
industrial end markets. Acuren operates across three service lines:
Nondestructive Testing (NDT), Rope Access Technician
Solutions (RAT) and Engineering and Lab Testing. NDT
offerings include breadth of nondestructive testing services
including conventional, advanced and tech-enabled NDT. RAT
offerings include a full suite of rope access technician offerings
including inspection, repair and specialty craft services.
Engineering and Lab Testing offerings include materials engineering
and destructive lab testing services.
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
“Risk Factors” in our Registration Statement for a comprehensive
understanding. Laser Photonics Corp. undertakes no obligation to
revise or update any forward-looking statements, except as required
by applicable laws or regulations, to reflect events or
circumstances after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241018262491/en/
Investor Relations Contact: laser@haydenir.com
Laser Photonics (NASDAQ:LASE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Laser Photonics (NASDAQ:LASE)
Historical Stock Chart
From Dec 2023 to Dec 2024