Laser Photonics Corp Introduces New MARLIN Line of Products

Rhea-AI Summary

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.

Positive

• Targeting a $500 million market in corrosion control for the marine sector.
• Launch of the 100W CleanTech Laser Blaster addressing corrosion issues.
• Marine market projected to grow by nearly $10 billion by 2028.

Negative

• None.

Marine Application Rust Laser Inhibitor products to target $500 million corrosion control opportunity in the U.S. for small craft marine vessels

ORLANDO, FL / ACCESSWIRE / October 18, 2022 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global industrial developer of Cleantech laser systems for laser cleaning and other materials applications, today introduced the soon to be released MARLIN (Marine Application Rust Laser Inhibitor) line of products.

Wayne Tupuola, chief executive officer of Laser Photonics commented, "The domestic global marine vessel market is projected to grow by nearly $10 billion by 2028, and we believe our addressable part of this market will be about $500 million for corrosion-control, as most marine vessels need corrosion control from saltwater and sea spray, especially in areas that deteriorate over time like frame weldments and joints. Our new MARLIN product line will offer a 100w CleanTech Laser Blaster capable of addressing most corrosion conditions for these marine applications."

The Company expects the first MARLIN product to be commercially available before the end of the year.

The CleanTech™ Handheld MARLIN CTH-100M Laser is an air-cooled pulse laser system, perfect for small craft marine vessel application. Its portable design lends itself to laser cleaning and surface treatment for small areas requiring delicate cleaning, de-painting, and other surface preparation operations. Most small craft marine vessels are in need of corrosion control from saltwater and sea spray in areas like frame weldments and joints that deteriorate over time. The Marlin product line will offer a 100W laser blaster capable of addressing most corrosion conditions for this type of application. We expect the MARLIN to be released before the year's end. For more information, click here CleanTech™ Handheld MARLIN CTH-100M - Laser Photonics

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 and Public 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/720787/Laser-Photonics-Corp-Introduces-New-MARLIN-Line-of-Products

FAQ

What is the MARLIN product line from Laser Photonics?

The MARLIN product line includes rust laser inhibitors specifically designed for corrosion control in small craft marine vessels.

When will the MARLIN product be available?

The first MARLIN product is expected to be commercially available before the end of the year.

What market size is Laser Photonics targeting with the MARLIN line?

Laser Photonics aims to target a $500 million opportunity in corrosion control within the U.S. marine vessel market.

How much is the domestic marine vessel market projected to grow by 2028?

The domestic marine vessel market is projected to grow by nearly $10 billion by 2028.