Laser Photonics Corporation Provides Strategic and Operational Updates
09 Julio 2024 - 6:00AM
Business Wire
Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading
global industrial developer of laser systems for cleaning and other
material processing applications, provides a strategic and
operational update for shareholders and unveils details about its
recent developments and strategic direction for the second half of
2024 and beyond.
"In the first half of this year, Laser Photonics has made some
remarkable accomplishments that have positioned us for continued
success. We have expanded and upgraded our product offerings,
deepened our partnership with key market players, and successfully
concluded proof of concept testing for advanced laser-based
anti-drone technology," said Wayne Tupuola, CEO of Laser Photonics.
"These milestones underscore our commitment to long-term growth and
innovation as a company."
Key Highlights & Recent Updates
Products
- CleanTech Next Generation Laser Systems: This year, LPC
launched its CleanTech next-generation laser systems, which are now
part of the company's product offerings. These next-generation
systems include upgraded versions of all existing CleanTech laser
cleaning systems. These next-generation CleanTech models sport
updated form factors for improved portability and feature mobile
connectivity for enhanced functionality.
- SaberTech Next Generation Laser Systems: This year, LPC
launched its SaberTech next-generation laser systems. These
laser-cutting systems incorporate turbo piercing and cold-cutting
technology alongside LPC's existing laser-cutting tech to achieve
precise, high-quality cuts during manufacturing and fabrication.
The new technology minimizes the heat-affected zone on materials
during cutting, making it ideal for several critical
applications.
- DefenseTech: LPC has continued to enhance its offerings for the
defense and military segments through its DefenseTech product line
and is deepening collaboration with its sibling company, Fonon
Technologies, to continue meeting the needs of this large and
growing market. LPC now offers laser cleaning, marking, and welding
solutions that are adapted for use in the defense industry through
its DefenseTech product line.
Strategic Partnerships
- LPC has recently partnered with Echelon 1 Solutions (E1S), a
storage and logistics solutions provider for the military, to bring
laser cleaning and cutting technology to the defense industry. E1S
is a Service-Disabled Veteran-Owned Small Business (SDVOSB) based
in Tampa, Fla., which aims to fill a critical gap in DOD
operations;
- LPC is partnered with Brokk, a manufacturer of demolition
robots and other remote-controlled machines for mining,
construction, metalworking, nuclear decommissioning, and other
high-stakes operations in hazardous environments. The companies
forged a technology partnership in early 2024 and they have
continued to work together since on integrating LPC’s 1500 CTHD
air-cooled CleanTech laser cleaning system into Brokk’s robotic
systems;
- LPC has a distribution agreement with the Fastenal Company,
which delivers service and enterprise supply chain management for
companies and organizations worldwide. Fastenal is currently
updating its website infrastructure to distribute and promote LPC
products, which will translate to an increase in revenue for LPC
once fully completed;
- LPC has a distribution agreement with Incredible Supply &
Logistics (ISL), a product distribution, mission kitting, and
third-party logistics company specializing in supporting federal
government customers and defense contractors as well as serving the
maritime and space communities.
R&D
- LPC has begun collaborating with its parent company, Fonon
Corporation, on the development of the Laser Shield Anti-Drone
System (LSAD). This laser-based defense solution is being developed
to deter unauthorized drone activity in the defense industry. Early
testing of the LSAD prototype was successfully carried out at LPC's
Orlando R&D facility earlier this year, which marks the start
of this system's development. The product will meet the growing
demand for a solution to the increased use of small drone systems
in conflicts worldwide;
- LPC continues to put efforts into the development of Class I
systems and its robotic cell, maintaining its competitive edge and
meeting the increasing demand for this technology, driven by
heightened regulations and restrictions.
Marketing
- Our state-of-the-art Customer Experience Center has completed
construction and is now open to visitors. This new center, located
in Orlando, Florida, features our latest products and offers a
hands-on experience for customers looking to learn about how laser
technology can benefit their business. The facility has already
hosted a number of potential customers and continues to help
facilitate sales;
- LPC has officially launched its new website. This update has
given a significant boost to the company's digital presence and
demonstrates its devotion to enhancing user engagement and service
quality. We now encourage our stakeholders and customers to visit
the website and explore new features;
- LPC has announced it is expanding into a larger facility in
Lake Mary to keep pace with the company's rapid growth. The
facility will house the company's growing sales and R&D teams,
allowing it to increase its R&D and sales efforts while it
continues to streamline quality control and logistics. LPC also
plans to utilize the 50,000-square-foot facility to house its
customer training center, which will serve as a comprehensive
educational hub for customers and visitors;
- Our company actively participates in trade shows, showcasing
our products and expanding our network. Some trade shows LPC has
attended over the first half of 2024 are the Offshore Technology
Conference in Houston, Texas; MegaRust 2024 in San Diego,
California; 2024 Government Fleet Expo & Conference in
Louisville, Kentucky; NCMS Industry Day at AMC Modernization
Symposium in Huntsville, Alabama; and Waste Management Symposia
2024 in Phoenix, Arizona.
About Laser Photonics Corporation
Laser Photonics Corporation is a vertically integrated
manufacturer and R&D Center of Excellence for industrial laser
technologies and systems. At LPC, we are disrupting the
centuries-old $46 billion sand and abrasives blasting markets,
focused on surface cleaning, rust removal, corrosion control,
de-painting and other laser-based industrial applications. Our
new-generation laser blasting technologies and equipment address
the health, safety, environmental and regulatory concerns
associated with outdated methods, establishing Laser Photonics
Corp. as an industry leader for industrial laser systems. Renowned
manufacturers in sectors such as aerospace, automotive, defense,
energy, industrial, maritime, space exploration and shipbuilding
rely on our “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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709868951/en/
Miller Cordeiro Phone: 407-804-1000×1114 Email:
mcordeiro@laserphotonics.com
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