Laser Photonics Lands Sale With Thermodyne Powder Coating

Rhea-AI Summary

Laser Photonics (NASDAQ: LASE) has announced the sale of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating, a leading powder coating service provider in Florida. This sale marks the beginning of a relationship between the two companies. The CTIR-3050, LPC's most powerful handheld laser system, will be used at Thermodyne's facility to streamline and enhance pretreatment processes, particularly for corrosion removal.

Thermodyne specializes in applying custom-formulated powder coatings for various industries, with a focus on the maritime sector. The company's marine-grade powder coating protects parts, boats, docks, and structures from corrosion in harsh coastal conditions. This sale strengthens LPC's presence in Florida and opens new business opportunities in the coating industry.

Positive

• Sale of CleanTech Industrial Roughening Laser 3050 to Thermodyne Powder Coating
• Expansion into the powder coating industry in Florida
• Potential for new business opportunities in the coating sector

Negative

• None.

Insights

Industrial Technology Analyst

The sale of Laser Photonics 's (LPC) CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating represents a modest but strategic win for LPC. This deal has several positive implications:

• It establishes a foothold in the powder coating industry, potentially opening doors to more sales in this sector.
• The sale enhances LPC's presence in Florida, a key market for marine-related industries where corrosion resistance is crucial.
• It demonstrates the versatility of LPC's technology, showcasing its applicability in pretreatment processes for powder coating.

However, the impact on LPC's financials is likely given the company's $86.7 million market cap. The sale of a single unit, while positive, is unlikely to significantly move the needle on revenue or profitability in the short term. Long-term potential depends on whether this leads to repeat business or referrals within the industry.

Investors should view this as a small positive step in LPC's market penetration strategy, but shouldn't expect immediate material impact on the stock price or financial performance.

ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced the sale of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating, a top provider of powder coating services in Florida that serves hotels, resorts, marinas, boatyards, homeowner associations, condominium complexes and the auto restoration industry.

LPC is to deliver its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Power Coating in a sale that marks the beginning of the two companies’ relationship. Thermodyne specializes in applying a custom-formulated powder coating that is baked to create a durable, protective and attractive finish. These powders, made from resin mixed with pigments, are melted at precise temperatures and cured into a tough, versatile coating. While not indestructible, powder coat finishes are stronger, thicker, and offer better coverage than most standard paints. The CTIR-3050 will be used at Thermodyne’s facility to streamline and enhance pretreatment processes.

Thermodyne works with companies in a number of industries, especially those in the maritime sector. Coastal regions like Florida present harsh conditions for marine craft and structures due to saltwater, sun and air. Thermodyne’s marine-grade powder coating protects parts, boats, docks and structures from corrosion while preserving their appearance.

“Pretreatment is crucial for successful powder coating,” stated Wayne Tupuola, CEO of LPC. “We are delighted to provide Thermodyne with our sustainable and efficient laser cleaning technology to help them streamline pretreatment processes, particularly corrosion removal. Our technologies and corporate values align perfectly with Thermodyne’s goals to enhance safety and protect assets for their customers and within their own operations.”

This sale strengthens LPC’s presence in Florida, increasing brand recognition among coating industry professionals and opening new business opportunities. The CTIR-3050 is LPC’s most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface treatment applications.

For more information, visit Laser Photonics at https://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 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 aerospace, 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 Thermodyne Powder Coating

Thermodyne Powder Coating is a premier provider of powder coating services based in Florida. Thermodyne utilizes a small-business, hands-on approach combined with professional, large-scale equipment to take on even the biggest powder coating requests from its customer base. The company has built a robust reputation over the years by sticking to its commitment to providing top-quality, durable finishes with great customer service at a fair price.

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/20241022175987/en/

Investor Relations Contact:

laser@haydenir.com

Source: Laser Photonics Corporation

FAQ

What product did Laser Photonics (LASE) sell to Thermodyne Powder Coating?

Laser Photonics sold its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating.

How will Thermodyne Powder Coating use the CTIR-3050 from Laser Photonics (LASE)?

Thermodyne will use the CTIR-3050 to streamline and enhance pretreatment processes, particularly for corrosion removal in their powder coating operations.

What industries does Thermodyne Powder Coating serve?

Thermodyne serves hotels, resorts, marinas, boatyards, homeowner associations, condominium complexes, the auto restoration industry, and has a focus on the maritime sector.

How does this sale benefit Laser Photonics (LASE)?

The sale strengthens LPC's presence in Florida, increases brand recognition among coating industry professionals, and opens new business opportunities in the sector.