Laser Photonics Expands to New, Larger Facility; Launch of Customer Training Center Ahead

Rhea-AI Summary

Laser Photonics (LASE), a leader in industrial laser systems, is expanding into a new 50,000-square-foot facility in Lake Mary, Florida. This expansion supports their growth across North America and beyond, enhancing research, development, quality control, and logistics. The new site will also host a state-of-the-art Customer Experience Center (CEC) and a laser equipment training center, offering hands-on operational guidance. CEO Wayne Tupuola emphasized the move's role in supporting the company's expanding operations and sales teams.

Positive

• Expanding into a new 50,000-square-foot facility, supporting overall growth.
• Establishment of a state-of-the-art Customer Experience Center (CEC).
• Launch of a comprehensive laser equipment training center.
• Facility designed to enhance research, development, quality control, and logistics.
• Aims to increase customer satisfaction through hands-on training.

Negative

• Relocating the Customer Experience Center may temporarily disrupt operations.
• Potentially increased operational costs due to the larger facility.

ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of laser systems for cleaning and other material processing applications, announces it is expanding into a new 50,000-square-foot facility in Lake Mary, Florida.

The expansion corresponds with LPC's growing presence throughout North America and beyond. The facility will allow LPC to continue increasing its research and development efforts and will better equip the company to streamline quality control and logistics. The added workspace will also house Laser Photonics' growing sales team as it continues to actively seek out new talents in this department.

The new facility will also be the home of LPC's new state-of-the-art Customer Experience Center (CEC), where prospective clients will try out laser processing using the company's broad range of laser equipment offerings. The CEC is a venue for decision-makers to meet directly with company representatives to explore the multifaceted benefits of laser technology and identify effective solutions for their unique needs. The CEC was previously located in Maitland, but it will be moved to the new Lake Mary facility due to the company needing more space because of its rapid expansion. The old facility will be repurposed to provide additional space for the company's design and production operations.

Lastly, LPC plans to launch a laser equipment training center for its customers alongside the CEC. It will serve as a comprehensive educational hub for team leaders and individual users to receive hands-on practical guidance on the operation and maintenance of a laser system. While LPC's products are easy to master and maintain, the company has determined that hands-on training assisted by our engineers leads to the laser systems' best possible performance and long-term reliability, translating to greater customer satisfaction.

"We are excited about this move as it gives us ample space to expand our operations," said Wayne Tupuola, CEO of Laser Photonics. "Our Maitland facility will continue its normal R&D operations at increased capacity, while the new Lake Mary location will house our growing customer experience, sales and marketing teams, and the new training center. Stay tuned in to our announcements to stay up to date on when facilities are officially opened."

For more information about Laser Photonics, please visit https://www.laserphotonics.com or contact our sales department at fiberlaser@laserphotonics.com.

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 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 Laser Photonics’ “unique-to-industry” systems. For more information, visit https://www.laserphotonics.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements that are within the meaning of applicable securities laws. These statements are based on current expectations as of the date of this press release and involve risks and uncertainties that may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. We encourage readers to review the “Risk Factors” in our Registration Statement for a comprehensive understanding. Laser Photonics Corp. undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240702812844/en/

Investor Relations Contact:

laser@haydenir.com

Contact:

Karla Kizzort

Marketing Specialist

Laser Photonics Corporation

kkizzort@laserphotonics.com

Source: Laser Photonics Corporation

FAQ

What is the significance of Laser Photonics' new facility?

The new 50,000-square-foot facility in Lake Mary, Florida, marks a significant expansion for Laser Photonics, improving research, development, quality control, logistics, and customer experience.

How will the new Customer Experience Center benefit Laser Photonics?

The new Customer Experience Center (CEC) will allow prospective clients to try out laser processing equipment, fostering direct engagement with company representatives to explore laser technology solutions.

What is the purpose of Laser Photonics' training center?

The training center aims to provide comprehensive educational guidance on operating and maintaining laser systems, increasing customer satisfaction through hands-on training.

Where is Laser Photonics' new facility located?

Laser Photonics' new facility is located in Lake Mary, Florida.

What changes are happening at Laser Photonics' Maitland location?

The Maitland facility will continue its R&D operations at increased capacity while the new Lake Mary facility will house the expanding customer experience, sales, and marketing teams.

Why is Laser Photonics expanding its facilities?

The expansion supports the company's growth across North America, enhancing research, development, quality control, and logistics, along with providing space for a new Customer Experience Center and training center.