NUBURU Awarded Purchase Order from Major Multinational Electronics Manufacturer

Rhea-AI Summary

NUBURU, Inc. (NYSE American: BURU) has been awarded a purchase order from a multinational electronics manufacturer to supply a BL-250 for next-generation 3C device manufacturing. The company's blue laser technology will be utilized to demonstrate the integration of laser welding capabilities as an alternative to conventional soldering techniques, aiming to increase scalability, durability, and sustainability in manufacturing. CEO Brian Knaley expressed excitement for the market adoption of their BL product line, addressing the increasing demand for innovative capabilities and green manufacturing alternatives.

Positive

• NUBURU's award of the purchase order signals a vote of confidence in their blue laser technology, as it will be utilized in a research and development capacity to demonstrate its capabilities in next-generation 3C device manufacturing, potentially leading to increased market adoption and revenue generation.

Negative

• None.

Company to Deliver a BL-250 for Next-Generation 3C Device Manufacturing – Enabling New Product Designs, Increasing Throughput and Enhancing Sustainability

CENTENNIAL, Colo.--(BUSINESS WIRE)-- NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced it has been awarded a purchase order from a best in class, multinational electronics manufacturer with manufacturing capabilities across Asia, Latin America, Europe and the U.S., to supply a BL-250 for next-generation computers, consumer electronics and communication (3C) device manufacturing. NUBURU’s transformational blue laser technology will be utilized in a research and development capacity to demonstrate the integration of its laser welding capabilities as an alternative to conventional soldering manufacturing techniques.

Brian Knaley, CEO of NUBURU commented: “We are excited to deliver our industry disrupting blue laser technology to further enhance our partner’s manufacturing capabilities. By integrating our modular manufacturing solutions, we provide customers with the means for increased scalability and ability to produce more durable products. We look forward to the continued market adoption of our BL product line, as the increasing demand for innovative capabilities and green manufacturing alternatives continues to accelerate.”

Laser joining in its current state faces significant challenges rooted in energy-intensive soldering practices, resulting in inefficiencies and constraints on the precision and reliability of precise metal fabrication. By integrating NUBURU’s patented BL-250 product, current manufacturing capabilities are expanded to enable new product designs, increase manufacturing throughput, enhance the overall sustainability of manufacturing, and achieving ROHS compliance by eliminating lead-based solders.

About NUBURU

Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing. For more information, please visit www.nuburu.net.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including relating to the service of a new director and use cases for the Company’s technology. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by NUBURU and its management, are inherently uncertain and many factors may cause the company’s actual results to differ materially from current expectations which include, but are not limited to: (1) the ability to continue to meet the security exchange’s listing standards; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated, whether from Lincoln Park Capital Fund, LLC or other sources; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) the possibility that NUBURU may be adversely affected by other economic, business and/or competitive factors; (7) volatility in the financial system and markets caused by geopolitical and economic factors; (8) failing to realize benefits from partnerships; (9) the inability to deploy the capital raised efficiently; and (10) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in NUBURU’s most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU does not give any assurance that it will achieve its expected results. NUBURU assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115875348/en/

Investor Relations:

Cody Slach & Ralf Esper

Gateway Group, Inc.

BURU@gateway-grp.com

(949) 574-3860

Media Relations:

Zach Kadletz & Anna Rutter

Gateway Group, Inc.

BURU@gateway-grp.com

(949) 574-3860

Source: NUBURU, Inc.

FAQ

What is NUBURU, Inc. (NYSE American: BURU) delivering for next-generation 3C device manufacturing?

NUBURU is delivering a BL-250, utilizing its blue laser technology to demonstrate the integration of laser welding capabilities as an alternative to conventional soldering techniques.

Where will NUBURU's blue laser technology be utilized?

NUBURU's blue laser technology will be utilized in a research and development capacity for next-generation computers, consumer electronics, and communication device manufacturing.

What challenges does laser joining currently face?

Laser joining currently faces challenges rooted in energy-intensive soldering practices, resulting in inefficiencies and constraints on the precision and reliability of precise metal fabrication.

How does NUBURU's BL-250 expand current manufacturing capabilities?

NUBURU's BL-250 expands current manufacturing capabilities by enabling new product designs, increasing manufacturing throughput, enhancing overall sustainability, and achieving ROHS compliance by eliminating lead-based solders.