Laser Photonics Lands Triple System Order From Global Petrochemical Company For Mexico Facility

Rhea-AI Summary

Laser Photonics (NASDAQ: LASE) has secured a three-system order from Proman, a Swiss petrochemical producer, for its Mexico facility. The order includes two CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems and one CTIR-3040 system.

The systems will be used for rust and corrosion removal during the construction of new anhydrous ammonia storage tanks. These handheld laser systems are designed for heavy-duty surface treatment applications, offering high speed and efficiency.

This new partnership highlights LPC's expansion in the international market, particularly in the energy sector, where its laser ablation technology is gaining adoption for safe and sustainable rust removal. While North America remains the company's primary market, this overseas sale demonstrates growing global brand recognition and potential for market diversification.

Positive

• Secured new order for three laser systems from major global petrochemical company
• Expanding international market presence beyond North American core market
• Entry into petrochemical sector demonstrates product versatility
• Growing adoption of laser ablation technology in energy sector

Negative

• None.

Insights

Financial Analyst

The triple system order from Proman represents a strategic win for Laser Photonics in penetrating the lucrative petrochemical sector. While the exact order value isn't disclosed, based on comparable industry pricing, these industrial laser systems typically range from $200,000 to $400,000 per unit, suggesting a potential deal value between $600,000 to $1.2 million.

For a small-cap company with a market cap of $74.3 million, this order could materially impact quarterly revenues. The deal's significance extends beyond immediate financial gains - it establishes a foothold in Mexico's growing petrochemical market and adds a prestigious global client. Proman's choice validates LPC's technology, potentially catalyzing additional orders from the petrochemical sector.

The international expansion strategy, particularly in targeting overseas markets while maintaining North American focus, indicates a balanced approach to growth. This diversification reduces regional market risks and enhances revenue stability. For investors, this demonstrates execution capability in both product development and market expansion.

Industrial Technology Specialist

The CTIR-3050 and CTIR-3040 systems represent cutting-edge laser ablation technology, offering significant advantages over traditional chemical or mechanical cleaning methods. The application for anhydrous ammonia storage tanks is particularly noteworthy, as these facilities require exceptional safety standards and surface integrity.

In simpler terms: Think of these laser systems as extremely precise pressure washers, but using light instead of water. They can remove rust without damaging the underlying metal, which is important for maintaining storage tank integrity. Traditional methods like sandblasting create hazardous dust and waste, while chemical cleaning poses environmental risks.

The strategic value lies in the technology's alignment with increasingly stringent environmental regulations and safety requirements in the petrochemical industry. As more companies face pressure to adopt environmentally friendly maintenance solutions, LPC's laser cleaning systems are well-positioned to capture market share from conventional cleaning methods.

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, announced today that it has scored a three-system order for its CleanTech Industrial Roughening Laser Systems from Proman, a Switzerland-based global petrochemical producer, for its new Mexico facility.

LPC will deliver two of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems and one of its CleanTech Industrial Roughening Laser 3040 ( CTIR -3040) systems to Proman, marking the beginning of the two companies’ relationship. All three units will be used to remove rust and corrosion during Proman’s construction of new anhydrous ammonia storage tanks. The CTIR -3050 and CTIR-3040 are powerful handheld laser systems, offering top speeds and efficiency for heavy-duty surface treatment applications.

Proman is promoting the methanol and hydrogen economies, pioneering future uses of ammonia and methanol, and continuously seeking greener fuel solutions for transportation and power generation. A strong safety culture is at the heart of all its operations. Proman’s approach to environmental protection mirrors its safety approach.

John Armstrong, Executive Vice President of Laser Photonics, stated, “LPC is thrilled that Proman, driven by their commitment to safety and environmental sustainability, recognizes the value of our cutting-edge laser cleaning technology. This partnership highlights our dedication to providing solutions that enhance safety and efficiency in industrial applications. Our CTIR-3040 and CTIR-3050 systems are ideal for meeting the stringent demands of the petrochemical industry, and we are confident they will greatly enhance Proman’s operations. Together, we are setting new benchmarks for corrosion removal and surface treatment, paving the way for a safer and more sustainable future.”

LPC’s laser ablation technology, an innovative method to remove corrosion, is increasingly being adopted in the energy sector. For the oil and gas industry, it provides a safe, sustainable, and efficient method to remove rust from critical equipment and infrastructure, restoring integrity, reducing the risk of leaks, and ensuring uninterrupted functionality.

This sale strengthens LPC’s expanding international presence. While the company continues to prioritize North America as its primary market, the increasing share of overseas sales highlights its expanding brand recognition and opens up new opportunities for attracting a broader customer base. By tapping into diverse markets, LPC can leverage new partnerships, adapt to varying industry needs, and drive further innovation. The company’s commitment to sustainability and providing cutting-edge solutions resonates with clients worldwide, paving the way for sustained growth and success on a global scale. For more information about the CleanTech line of laser cleaning systems, visit https://laserphotonics.com/laser-cleaning.

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 Proman

Proman is a multi-asset, diversified producer of natural gas-derived products, including methanol, ammonia, and melamine. The company operates production, sale, and distribution facilities in Trinidad and Tobago, the United States, and Oman, and is currently expanding into Mexico. Proman’s fully integrated business approach encompasses the entire value chain, from development through to operations and logistics.

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 their 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/20250120628798/en/

Investor Relations Contact:

laser@haydenir.com



Contact:

Karla Kizzort

Laser Photonics Corporation

kkizzort@laserphotonics.com

Source: Laser Photonics Corporation

FAQ

What is the value of Laser Photonics' (LASE) recent order from Proman?

The press release does not disclose the financial value of the three-system order from Proman.

What laser systems did Proman order from Laser Photonics (LASE)?

Proman ordered two CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems and one CTIR-3040 system.

How will Proman use Laser Photonics' (LASE) systems in Mexico?

The systems will be used to remove rust and corrosion during the construction of new anhydrous ammonia storage tanks at Proman's Mexico facility.

What markets is Laser Photonics (LASE) targeting with this Proman deal?

While maintaining North America as its primary market, LASE is expanding internationally, particularly in the energy and petrochemical sectors.

What technology does Laser Photonics (LASE) use for rust removal?

LASE uses laser ablation technology, which provides a safe and sustainable method for removing rust from critical equipment and infrastructure.