Welcome to our dedicated page for Laser Photonics news (Ticker: LASE), a resource for investors and traders seeking the latest updates and insights on Laser Photonics stock.
Laser Photonics Corporation (NASDAQ: LASE) is a vertically integrated manufacturer of industrial laser systems for cleaning, surface preparation, cutting, engraving, marking and precision material processing. Its news flow reflects activity across industrial, defense, energy, medical device, semiconductor and advanced manufacturing markets, providing context for investors and industry observers tracking the adoption of laser-based technologies.
Company press releases highlight commercial orders and deployments, such as six-figure and higher-value contracts for CleanTech laser cleaning systems with power utilities, robotic laser cleaning workcells for AI data center infrastructure equipment manufacturers, and CMS Laser processing systems custom-designed for U.S.-based medical device manufacturers. These updates illustrate how Laser Photonics’ technologies are used to replace legacy media blasting processes, support automated production lines and meet demanding cycle time and quality requirements.
Laser Photonics also issues news on defense and government engagement, including its participation in events like the Capitol Hill Defense Outlook Summit and progress on the Laser Shield Anti-Drone (LSAD) system co-developed with Fonon Technologies. Announcements have noted successful LSAD field tests and recognition in national defense innovation challenges, underscoring the company’s role in emerging counter-UAS applications.
In addition, the company regularly reports on corporate and financial milestones, such as quarterly results, Nasdaq compliance updates, governance changes, board and executive appointments, and the integration and expansion of its CMS and Beamer subsidiaries. For readers following LASE, this news page offers a centralized view of order momentum, sector penetration, product evolution and capital markets developments. Investors, analysts and industry participants can use the ongoing stream of updates to monitor how Laser Photonics executes its strategy across regulated, industrial and defense end markets.
Laser Photonics Corporation (NASDAQ:LASE) has launched the MARLIN (Marine Application Rust Laser Inhibitor) product line targeting a $500 million corrosion control market in the U.S. marine vessel sector. The MARLIN product will feature a 100W CleanTech Laser Blaster, designed for effective rust management in small marine vessels. Wayne Tupuola, CEO, anticipates significant growth in the marine market, projected to reach nearly $10 billion by 2028. The first MARLIN product is expected to be available by year-end, focusing on portable laser cleaning solutions to combat corrosion from saltwater.
Laser Photonics Corporation (LASE) announced the successful implementation of its first CleanTech Laser Cleaning Robot system at Detroit Diesel's manufacturing facilities. This system enhances efficiency by reducing preparation time and increasing throughput, which leads to higher manufacturing yields and extended filter life. The robot's advanced technology allows for cost-effective laser cleaning, optimizing surface quality and safety. The development represents a milestone in industrial automation, showcasing LPC’s innovative solutions in the laser cleaning market.
Laser Photonics Corporation (LASE) announced an aggressive hiring campaign following a significant increase in sales leads. The company aims to strengthen its salesforce, bringing in senior leadership to enhance sales operations and customer service. Moreover, investments will be made in marketing, operations, and engineering to further growth. Laser Photonics focuses on disrupting the traditional sand and abrasives blasting markets with innovative laser cleaning solutions, addressing environmental and safety concerns. This strategic move positions LPC to better capitalize on its growth potential.
Laser Photonics Corporation (NASDAQ:LASE) has announced that Coca-Cola has implemented its first CleanTech Handheld Laser Blasting system in its manufacturing facilities. This system enhances efficiency by reducing preparation time and increasing throughput speeds while also extending the lifespan of plastic bottle molds by removing corrosion. The LPC-50CTH is a compact, air-cooled laser system designed for various cleaning and surface treatment applications. This milestone could open doors for further opportunities within Coca-Cola’s operations and similar sectors.
Laser Photonics Corporation (NASDAQ:LASE) announced on October 11, 2022, that it has received an order from the U.S. Navy for an LPC-1000CTH CleanTech Laser Blasting System. This order aims to assist in the Navy's $22 billion initiative to manage corrosion across its fleet. The LPC-1000CTH is a powerful, handheld laser cleaning tool designed for precise and effective maintenance operations in submarine MRO. The company anticipates future expansion of its partnership with the Navy based on the advantages of its technology.
Laser Photonics Corporation (NASDAQ:LASE) provided an update on its stock performance and capitalization post-IPO, which commenced on September 30, 2022. The company highlighted a float of 3.0 million shares and a 180-day lockup on insiders. CEO Wayne Tupuola emphasized solid fundamentals, significant revenue growth, and profits, expecting the IPO funding to facilitate growth in the corrosion control market with its CleanTech laser cleaning products. The total shares outstanding increased from 7,878,417 to 7,878,515 as of October 10, 2022.
Laser Photonics Corporation (LASE) announces its IPO roadshow highlights, revealing its goal to disrupt the $46 billion industrial market for corrosion removal. The company emphasizes its Cleantech laser technology as a safer, cleaner, and cost-effective alternative to hazardous methods like sandblasting. As of June 30, 2022, LPC reports early revenue growth and profitability. The firm is targeting new applications while extending its distribution channels and diversifying its customer base, aiming to leverage regulatory pressures favoring sustainable solutions.
Laser Photonics Corporation (NASDAQ:LASE) announced the appointment of Timothy Schick, CFA as its new Chief Financial Officer, effective October 5, 2022. Schick brings extensive experience in industrial markets, previously serving as Head of Finance at Jupiter Marine International. His role is expected to enhance revenue and income growth and maintain regulatory compliance as the company executes its growth strategy. With a strong academic background including a degree from the Naval Academy and an MBA, Schick is positioned to drive financial operations moving forward.
Laser Photonics Corporation (Nasdaq: LASE) has closed its initial public offering (IPO) of 3,000,000 shares at a price of $5.00 each, generating gross proceeds of $15 million. The shares began trading on September 30, 2022. The company plans to use the proceeds for general corporate purposes, including working capital and capital expenditures. CEO Wayne Tupuola highlighted the IPO as a major milestone, aiming to disrupt the $46 billion industrial market for rust removal with environmentally sustainable laser cleaning technologies.
Laser Photonics Corporation (NASDAQ:LASE) announced the pricing of its initial public offering (IPO) of 3,000,000 shares at $5.00 per share, aiming for gross proceeds of $15 million. A 45-day option for underwriters to purchase an additional 450,000 shares is also available. The shares are set to trade on The Nasdaq Capital Market starting September 30, 2022, with the offering closing on October 4, 2022. Proceeds will fund general corporate purposes, including working capital and capital expenditures.
FAQ
What is the current stock price of Laser Photonics (LASE)?
What is the market cap of Laser Photonics (LASE)?
