Laser Photonics Corporation reports developments tied to photonics-based industrial and defense laser systems. The company develops and manufactures laser technologies for cleaning, surface preparation, corrosion removal, de-coating, pre- and post-welding applications, and precision material processing across defense and government, aerospace, energy, maritime, automotive, and advanced manufacturing markets.
Recurring LASE news includes DefenseTech laser cleaning deployments, Laser Shield Anti-Drone System development, product validation with affiliated LASE Group companies, operating and financial results, facility and portfolio consolidation, warrant exercises and other capital-structure actions, and Nasdaq listing-compliance matters.
Laser Photonics (NASDAQ: LASE) has opened pre-orders for its new CleanTech Industrial Roughening Laser 3060 (CTIR-3060). This high-powered pulsed laser system is designed for thermally sensitive applications, offering cleaning and surface conditioning capabilities with minimal substrate damage. The system can operate independently or integrate into a CleanTech Robotic Cell for automated operations.
The CTIR-3060 features overheat protection, a compact scan head, and mobile connectivity for remote control. It's specifically engineered for the aerospace, automotive, and defense MRO industries, differentiating itself from 1000-watt continuous wave lasers by minimizing thermal warping through its pulsed system technology.
Laser Photonics (NASDAQ: LASE) announces that its CleanTech Handheld LPC-2000-CTHD laser blasting system is being used for airplane hangar maintenance in Florida. The system provides a cost-effective and time-efficient method for cleaning hangars of rust and other compounds. The technology has gained increased adoption for MRO applications in the aerospace and defense industry nationwide due to its adaptive nature.
Laser Photonics (NASDAQ: LASE) announced its transition into an Operational Holding Company called 'LASE Holdings' with wholly-owned subsidiaries. The company will be headquartered in Lake Mary, Florida. Following the acquisition of Control Micro Systems, the reorganization will create targeted market divisions including: Laser Photonics, CMS Laser, Control Micro Systems, LP Semiconductor, 3D AXS and LP Media Group. The transition is expected to complete by Q1 2025, focusing on eco-friendly laser cleaning, industrial processing, medical systems, semiconductor processing, additive manufacturing, marketing, and defense systems. The restructuring aims to enhance market diversification and improve shareholder value without affecting existing shareholders.
Laser Photonics (NASDAQ: LASE) announced its participation in the IEEE International Electron Devices Meeting (IEDM) 2024, where it will showcase advanced laser solutions for the semiconductor industry. The company will present its BlackStar Laser Wafer Dicer, High-Precision Wafer Serialization, Marking and Scribing solution, and Laser Marking of IC Mold Compounds system at the event.
The 70th annual IEDM, scheduled for December 7-11, 2024, in San Francisco, serves as a global forum for semiconductor and electronic device technology breakthroughs. CEO Wayne Tupuola highlighted the event's importance for demonstrating their technology's capabilities in processing crystalline materials used in semiconductors and solar panels.
Laser Photonics (NASDAQ: LASE) has appointed John T. Armstrong as its new Executive Vice President. Armstrong joins from Astronics Test Systems where he served as Vice President, and previously held senior positions at Boeing, managing a division with $4.5B+ in revenue. With over 30 years of leadership experience in B2B strategic planning, operations, and HR, Armstrong brings expertise in developing strategies for business growth and optimizing performance in manufacturing environments. He holds an MBA and MA in Management Systems from Webster University and a B.S. in Mechanical Engineering from Villanova University.
Laser Photonics (NASDAQ: LASE) reported Q3 2024 results showing revenue of $0.8 million, down from $1.3 million in Q3 2023, with a net loss of $1.6 million compared to $0.9 million loss year-over-year. The company secured notable deals with Acuren, U.S. Navy, and expanded into Asia-Pacific through Brokk partnership. The company recently acquired Control Micro Systems (CMS), expanding into healthcare and pharmaceutical industries with over $2 million in unbilled contracted revenue. LPC is developing new products including the Laser Shield Anti-Drone System and Next-Gen CleanTech Robotic Cell.
Laser Photonics (NASDAQ: LASE) reported Q3 2024 results with revenue of $0.8 million, down from $1.3 million in Q3 2023. The company posted a net loss of ($1.6) million, compared to ($0.9) million last year, with loss per share of ($0.13). The quarter was marked by increased investments in HR, Sales, and administrative functions. Notable developments include the acquisition of Control Micro Systems (CMS), which expands their presence in healthcare and pharmaceuticals, and new customer orders from Acuren, U.S. Navy, and expansion into Asia-Pacific through Brokk partnership. The company also showcased new concepts including the Laser Shield Anti-Drone System and Next-Gen CleanTech Robotic Cell.
Laser Photonics (NASDAQ: LASE), a global developer of industrial laser systems, will partner with Fonon Technologies at the Department of Defense Maintenance Symposium 2024 from December 10-13. They will join the National Center for Manufacturing Sciences (NCMS) in their exhibit booth. The symposium, held in Salt Lake City, will host over 2,300 maintenance professionals from military, government, industry, and academia. LPC and Fonon will showcase their DefenseTech laser systems, including the DTMF-1010, DTMF-1030, and DTMR-3040, which are used for industrial cleaning, rust removal, and surface preparation. LPC will also present their comprehensive portfolio of laser systems designed for material processing.
Laser Photonics (NASDAQ: LASE), in partnership with Fonon Technologies, has received an order for its DefenseTech MRLS Finishing laser system (DTMF-1030) through NOBLE, a leader in global sustainment and operations support for U.S. Military and civilian government agencies. This system, purchased by Marine Corps Base Camp Lejeune in North Carolina, signifies LPC's first order through NOBLE, marking the beginning of their partnership.
The DTMF-1030 handheld laser system is designed for maintenance processes, particularly for corrosion control and removal. Its portability and compact size make it ideal for on-site cleaning, offering an eco-friendly alternative to traditional methods. LPC will also supply enclosed Class I laser systems through NOBLE to military, government, and critical infrastructure clients. This partnership expands LPC's distribution network, providing sustainable solutions for surface treatment in various applications.
Laser Photonics (NASDAQ: LASE) has completed the acquisition of Control Micro Systems (CMS) for approximately $1 million, funded through cash from a recent capital raise and stock. CMS, acquired through bankruptcy proceedings, brings $4 million in existing program orders and specializes in laser systems for pharmaceutical applications, particularly in slow-release tablets and counterfeit-proof pill manufacturing. The acquisition strengthens LPC's position in the global laser market and provides entry into the pharmaceutical equipment sector. LPC has retained all CMS employees to ensure business continuity and maintain service for existing customers, which include several top 20 global life sciences companies.