CORRECTING and REPLACING Laser Photonics and Fonon Technologies Partnership with NOBLE Delivers TAA-Compliant Laser Solutions, Transforming Marine Base Readiness

Rhea-AI Summary

Laser Photonics (NASDAQ: LASE) and Fonon Technologies have successfully delivered a TAA-compliant DefenseTech MRLS Finishing laser system (DTMF-1030) to a Marine Corps base in North Carolina through their partnership with NOBLE. The system will enhance maintenance, repair, and overhaul (MRO) capabilities at the base.

Building on this success, the company is now working to achieve TAA compliance for the DefenseTech Blaster Cabinet (DTMF-4020), a self-contained system combining fiber laser technology with a handheld blasting head. The DTMF-4020 features a 30" x 26" workspace and dual-axis technology for processing complex surfaces.

The system is designed for various applications including surface conditioning, corrosion removal, coating removal, and pre-weld treatment. Once TAA-certified, it will be the only solution of its kind available to U.S. government agencies and military, ensuring compliance with requirements that products sold to the U.S. government be manufactured or substantially transformed in the United States or designated countries.

ORLANDO, Fla.--(BUSINESS WIRE)-- First paragraph, first sentence of release should read: ...announced that they have completed delivery for one major order, (instead of ...announced that they have completed delivery for two major orders,). Second paragraph, first sentence of release should read: This advanced system... (instead of These advanced systems...).

The updated release reads:

LASER PHOTONICS AND FONON TECHNOLOGIES PARTNERSHIP WITH NOBLE DELIVERS TAA-COMPLIANT LASER SOLUTIONS, TRANSFORMING MARINE BASE READINESS

Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, in partnership with Fonon Technologies, proudly announced that they have completed delivery for one major order, facilitated by NOBLE, for the fully Trade Agreements Act (TAA)-compliant DefenseTech MRLS Finishing laser systems (DTMF-1030) (DTMF-1030).

This advanced system will be deployed at a Marine Corps base in North Carolina, significantly enhancing their maintenance, repair, and overhaul (MRO) capabilities. This collaboration underscores Laser Photonics' commitment to equipping the U.S. military with cutting-edge, domestically sourced technologies for mission-critical environments.

"This partnership with NOBLE not only amplifies our reach, but it also represents a strategic investment in the future of military readiness," said Bryan Lee, Vice President of Fonon Technologies. "By deploying TAA-compliant DefenseTech laser systems, we are not only addressing immediate MRO needs but also laying a pivotal foundation for a more agile and sustainable defense infrastructure. These advanced solutions empower our forces, across the defense landscape, to maintain peak operational effectiveness in an increasingly complex world."

The Trade Agreements Act (TAA) requires that products offered for sale to the U.S. government, military, and critical infrastructure clients be manufactured or substantially transformed in the United States or designated countries. This ensures that taxpayer dollars support domestic manufacturing and strengthens American national security. TAA compliance is a critical factor in government procurement decisions.

Leveraging the expertise gained in achieving TAA compliance for the DTMF-1030, Laser Photonics is now applying this knowledge to the Fonon Technologies DefenseTech Blaster Cabinet (DTMF-4020). This innovative, self-contained system combines the power of a fiber laser with a handheld laser-blasting head within a compact 30” x 26” workspace. Uniquely designed for speed, precision, safety, and flexibility, the DTMF-4020 is an industrial laser blasting cabinet manufactured in accordance with CDRH FDA requirements. The forthcoming TAA classification will position it as the sole solution of its kind available to U.S. government agencies and the military.

The DTMF-4020’s dual-axis technology enables optimized processing of intricate and uneven surfaces, making it perfect for achieving fine, polished finishes and handling delicate small-scale projects. The high-quality Class I system features an enclosed cleaning area for additional safety and can be deployed wherever needed. Key uses include surface conditioning, corrosion and decontamination removal, coating removal, pre-adhesion and pre-weld treatment, post-weld treatment, degreasing, surface preparation and texturing, injection mold cleaning, and oxide and anodization removal.

The DefenseTech product line provides cost-effective, time-efficient, and operator safe surface treatment solutions, preserving vital military equipment and weapons systems without compromising the integrity of the underlying materials. For more information about the DefenseTech line of laser cleaning systems, please visit https://fonon.us or contact their sales department at sales@fonon.us.

About Laser Photonics Corporation

Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonics’ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aviation, automotive, defense, energy, maritime, nuclear and space industries are using Laser Photonics’ “unique-to-industry” systems. For more information, visit https://www.laserphotonics.com.

About Fonon Technologies

Fonon Technologies, a sibling company of Laser Photonics, takes pride in marketing and promoting Laser Photonics’ innovative products specifically geared to meet the stringent requirements of government organizations, all branches of the U.S. military, and defense contractors. For more information, visit https://www.fonon.us.

About NOBLE

NOBLE drives mission success with world-class products, logistics, services, and training through accelerated procurement. In addition to distributing 15,000 manufacturer brands, NOBLE offers specialized technical and training services for customers with aerospace, C5ISR, CBRNE, expeditionary, MRO, and tactical requirements. NOBLE uses an established supply chain, existing vendor relationships, and a vast catalog to lower costs and increase selection and availability. NOBLE reduces the cost of readiness while maintaining the ability to rapidly respond to today’s challenges. Visit noble.com for more information.

Cautionary Note Concerning Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company’s plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption “Risk Factors” in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250220568756/en/

Investor Relations and Media Contact:

Brian Siegel, IRC^®, M.B.A.

Senior Managing Director

Hayden IR

(346) 396-8696

laser@haydenir.com

Source: Laser Photonics Corporation

FAQ

What is the significance of the DTMF-1030 delivery to the Marine Corps base in North Carolina?

The delivery enhances the base's maintenance, repair, and overhaul (MRO) capabilities with TAA-compliant laser technology, improving military readiness and operational effectiveness.

What are the key features of the DefenseTech Blaster Cabinet DTMF-4020?

The DTMF-4020 features a self-contained system with fiber laser technology, handheld blasting head, 30" x 26" workspace, dual-axis technology, and Class I safety features for precise surface treatment.

How does TAA compliance impact Laser Photonics' (LASE) government contracts?

TAA compliance ensures LASE can sell to U.S. government and military clients, as products must be manufactured or substantially transformed in the U.S. or designated countries.

What applications will the DTMF-4020 serve in military operations?

The DTMF-4020 will be used for surface conditioning, corrosion removal, decontamination, coating removal, pre-adhesion treatment, post-weld treatment, and oxide removal in military equipment maintenance.

What makes the DTMF-4020 unique in the government procurement market?

Once TAA-certified, the DTMF-4020 will be the only solution of its kind available to U.S. government agencies and military, offering advanced laser cleaning capabilities in a compact, safe system.