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Nuburu, Inc. (symbol: BURU) stands at the forefront of high-speed and high-quality metal machining and processing, leveraging an innovative class of high-power, high-performance blue lasers. Known for its pioneering blue laser technology, Nuburu provides two distinct laser solutions: the standard ao™ laser and the high-brightness misaki™ laser. These cutting-edge tools bring extraordinary advancements in speed and quality to traditional metal processes, while also paving the way for new designs in both conventional laser-metal machining and additive manufacturing (3D printing).
Nuburu's blue lasers offer spatter-free copper welding, opening up many new applications that were previously unattainable with infrared lasers. As a prominent innovator, Nuburu targets a variety of markets including e-mobility, healthcare, and consumer electronics. Their technology supports a wide array of high-value applications such as welding and 3D printing. The company is actively shipping blue laser systems for crucial applications, including electric vehicle (EV) batteries, large screen displays, and cell phone components.
By consistently delivering high-performance and reliable laser solutions, Nuburu is not only transforming existing industrial processes but also unlocking new possibilities in manufacturing and design. Their recent achievements and ongoing projects underscore their commitment to technological innovation and market leadership.
NUBURU, Inc. (NYSE American: BURU) plans to showcase its innovative AO® and new NUBURU BL™ product lines at two major conferences. The first is the 30th Advanced Laser Application Workshop in Novi, Michigan from June 13-15, 2023, focusing on the e-mobility market. The second event is The LASER World of Photonics in Munich, Germany from June 27-30, 2023, attracting over 30,000 attendees. NUBURU's laser technology significantly enhances copper welding and 3D printing, achieving minimal defects and welding speeds up to 8 times faster than traditional lasers. Recognized with multiple industry awards, NUBURU continues to lead in high-power blue laser solutions for various reflective metals, including aluminum and gold.
NUBURU, Inc. (NYSE American: BURU), a leader in blue laser technology, has been selected by the U.S. Department of Defense for a spot on the IDIQ contract for solid-state high-energy laser weapon systems. As one of seven companies chosen, NUBURU can deliver prototypes and equipment under a maximum contract ceiling of $75 million, expected to complete by March 2028. The company highlights its U.S.-based automated manufacturing capabilities as key to meeting DOD needs. Notably, NUBURU did not include any potential revenue from this contract in its 2023 forecasts announced on March 21, 2023.
NUBURU, Inc. (BURU) has announced its financial outlook for the fiscal year ending December 31, 2023, forecasting total revenue exceeding $3 million, marking over 100% year-over-year growth. The company plans to focus on product development and customer alignment, expecting revenue generation to accelerate in the second half of the year. However, projected EBITDA is estimated to be in the range of negative $21.0 million to negative $23.0 million, with free cash flow expected to be negative $24.0 million to negative $26.0 million. The company aims to enhance its balance sheet and invest in technology to support growth initiatives in the coming years.
NUBURU, Inc. (NYSE American: BURU) announces the appointment of Dr. Matthew Philpott as Chief Marketing and Sales Officer. With over 20 years of laser industry experience, including a significant role at Coherent Corp., Dr. Philpott aims to enhance NUBURU's market penetration and product roadmap. CEO Dr. Mark Zediker expressed enthusiasm for Dr. Philpott's proven record in driving exponential growth and improving customer experience. NUBURU specializes in high-power blue laser technology, providing faster and higher-quality welds essential for the evolving manufacturing landscape.
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