Laser Photonics Highlights Expanded Product Line and Sales Team Expansion to Support Long-Term Growth

Rhea-AI Summary

Laser Photonics (NASDAQ: LASE) has announced key updates to its product line and sales organization. The company has expanded its product portfolio with new laser cutting, cleaning, and marking solutions, leveraging recently acquired IP. LPC is developing AI-Driven Laser Robotic Systems that can be paired with various laser technologies, offering potential benefits to its existing clientele, which includes Fortune 500 companies.

LPC is progressing with the commercialization of several new product families, including Laser Anti-Drone Systems, Additive Manufacturing Equipment, and Semiconductor Silicon Wafer Dicing Equipment. To support growth, the company has added new sales leadership roles and is implementing a fast-tracked training program. These initiatives aim to drive sales growth and revenue generation as LPC expands into new markets.

Positive

• Expansion of product portfolio with new laser cutting, cleaning, and marking solutions
• Development of AI-Driven Laser Robotic Systems for multiple applications
• Progress in commercializing new product families for expanding markets
• Addition of new sales leadership roles to drive growth
• Implementation of fast-tracked training program for sales team

Negative

• None.

Laser Photonics updates stakeholders on the addition of new sales leadership and the current status of its product pipeline

ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of laser systems for cleaning and material processing applications, today announced several key product and sales organization updates.

Laser Photonics remains at the forefront of laser technology development, amassing significant intellectual property (IP) that underpins its diverse range of industrial equipment and solutions. The company has strategically expanded its product solutions, both organically and through licensing, bringing innovative laser-based solutions to markets worldwide.

Product Offering Expansion

Leveraging its recently acquired IP, Laser Photonics enhanced its product portfolio with market-ready laser cutting, laser cleaning and laser marking solutions. By integrating its revenue generating product lines with LPC’s expertise in state-of-the-art automation, AI robotics, and Class I laser systems, the Company is paving the way for the next generation of laser equipment and positioning itself as a leading provider of a wide and growing range of industrial laser solutions.

Current LPC customers are present in a wide range of industries, and nearly all of its existing clientele is positioned to benefit from new products being developed by the company for commercialization. Laser Photonics’ clients include Fortune 500 Companies like GE, L3Harris Technologies, Caterpillar, Coca-Cola, and more, which can greatly benefit from adopting technology like the AI-Driven Laser Robotic Systems that are currently being developed by LPC. These systems will enable existing and future LPC customers to save money and time with a regulation-friendly, operator-safe, healthy, and dependable laser solution, leading to increased ROI and streamlined operations. The AI-driven system will be capable of being paired alongside laser welding, laser cleaning, laser marking, and laser cutting technology, making it a great fit for a multitude of applications.

Innovation for Market Leadership

LPC has established itself as a trusted provider of industrial laser solutions to a wide and growing array of industries. Currently, multiple new product families are progressing through various stages of commercialization. Several of these new product lines have been targeting rapidly expanding markets and are in the LPC pipeline, moving towards full commercialization and poised to create new revenue streams upon realization.

Key upcoming products include:

• Laser Anti-Drone Systems
• AI-Driven Laser Robotic Systems
• Additive Manufacturing Equipment Based on Next Generation IP
• Semiconductor Silicon Wafer Dicing Equipment
• Flat Panel Display Laser Glass Cutting Systems With Zero Curve Loss

Sales Team Enhancements

As part of its growth strategy, Laser Photonics recently added the following new sales leadership roles to its team:

• Vice President of Sales
• Director of Semiconductor Sales Division
• Director of Additive Manufacturing Sales Division
• Director of Sales Training

These new roles were created to drive sales growth and revenue generation as LPC continues to expand into new markets. Additionally, the Company is implementing a fast-tracked training program, ensuring both current and new team members are well-versed in LPC’s expanding line of laser solutions.

This infusion of experienced sales leadership will help implement strong processes and mature the sales organization as the Company continues to invest in its sales organization over the next 12 months.

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 in 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 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/20240801648045/en/

Investor Relations Contact:

Email: laser@haydenir.com



Media Contact:

Karla Kizzort

Phone: 407-804-1000×1132

Email: kkizzort@laserphotonics.com

Source: Laser Photonics Corporation

FAQ

What new products has Laser Photonics (LASE) added to its portfolio?

Laser Photonics has expanded its portfolio with new laser cutting, laser cleaning, and laser marking solutions. They are also developing AI-Driven Laser Robotic Systems and progressing with new product families such as Laser Anti-Drone Systems, Additive Manufacturing Equipment, and Semiconductor Silicon Wafer Dicing Equipment.

How is Laser Photonics (LASE) strengthening its sales organization?

Laser Photonics has added new sales leadership roles including Vice President of Sales, Director of Semiconductor Sales Division, Director of Additive Manufacturing Sales Division, and Director of Sales Training. They are also implementing a fast-tracked training program for current and new team members.

What industries does Laser Photonics (LASE) serve?

Laser Photonics serves a wide range of industries. Their clients include Fortune 500 companies such as GE, L3Harris Technologies, Caterpillar, and Coca-Cola, among others.

What are the potential benefits of Laser Photonics' (LASE) AI-Driven Laser Robotic Systems?

The AI-Driven Laser Robotic Systems are expected to save money and time for customers, offering a regulation-friendly, operator-safe, healthy, and dependable laser solution. This can lead to increased ROI and streamlined operations for clients across various industries.