Laser Photonics Announces First Sale of 3000-Watt Handheld Cleantech Laser System

Rhea-AI Summary

Laser Photonics Corporation (NASDAQ:LASE) announced the sale of its first CleanTech 3000-CTH, the world's first industrial-grade 3000-watt laser cleaning system, to an Australian mining company. This multi-hundred thousand dollar transaction marks a significant milestone in LPC's venture into the mining industry. The system features advanced air optics protection for clean operation and integrated cooling systems for harsh environments. LPC aims to revolutionize industrial cleaning with cost-effective and efficient laser technologies, enhancing safety and environmental compliance.

Positive

• First sale of the CleanTech 3000-CTH system to the Australian mining industry indicating market confidence.
• Transaction valued in the multi-hundred thousand dollar range, showcasing revenue potential.
• Innovative features like advanced air optics protection and integrated cooling systems enhance product utility.
• Opportunity for follow-on unit purchase indicates potential for future revenue growth.

Negative

• None.

First 3000-Watt Laser Cleaning System sold will be used in the mining industry

ORLANDO, FL / ACCESSWIRE / October 27, 2022 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global developer of Cleantech laser systems for laser cleaning and other material applications, today announced the first sale of the CleanTech 3000-CTH, the world's first industrial-grade 3000-watt laser cleaning system. The system will be used by an Australian mining concern. This transaction was a multi-hundred thousand dollar sale and there is an opportunity for a follow-on unit to be purchased.

"Our first-of-its-kind, state-of-the-art 3000-watt handheld laser blasting system was designed for the harshest of conditions," said Wayne Tupuola, Chief Executive Officer of LPC. "This very high-power product is strong enough to address the duty demands of the heaviest outdoor industrial operations, and its deployment in the mining industry is the perfect business use case."

The CleanTech Laser Blaster 3000-CTH, a 3000-watt handheld blaster, includes an advanced air optics protection system that prevents air contamination from dust and debris associated with cleaning byproducts. Additionally, the system has a standalone, integrated cooling system utilized alongside the laser, allowing work in harsher environments with high temperatures typical of the mining industry. Alternatively, the unit may be cooled with a heat exchange system if the company factory has access to its water source.

LPC believes its CleanTech Laser Blasting technology is the most cost-effective, efficient, and safe method of industrial cleaning, rust removal, paint removal, and surface preparation. The CleanTech Laser cleaning systems are class IV laser products and include added safety measures for safe operation in virtually any work environment.

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.

About Laser Photonics Corporation

Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC 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. LPC's new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC has quickly gained a reputation as an industry leader for industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries are using LPC's "unique-to-industry" systems. For more information, visit www.laserphotonics.com.

Laser Photonics Investor Relations Contact:
Brian Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR
(346) 396-8696
brian@haydenir.com

SOURCE: Laser Photonics Corp.

View source version on accesswire.com:
https://www.accesswire.com/722571/Laser-Photonics-Announces-First-Sale-of-3000-Watt-Handheld-Cleantech-Laser-System

FAQ

What is the significance of Laser Photonics' first sale of the 3000-watt laser cleaning system?

The initial sale of the CleanTech 3000-CTH system represents a substantial revenue opportunity for Laser Photonics, in addition to establishing its presence in the mining sector.

How much was the first sale of the CleanTech 3000-CTH system?

The first sale was a multi-hundred thousand dollar transaction.

What features does the CleanTech 3000-CTH laser cleaning system include?

The system includes advanced air optics protection and an integrated cooling system, making it suitable for harsh environments.

What industry will the CleanTech 3000-CTH system be used in?

The system will be used in the mining industry.

What are the future prospects for Laser Photonics after this sale?

There is potential for follow-on unit purchases, indicating possible future revenue growth for Laser Photonics.