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Laser Photonics Provides Shareholder Update

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Laser Photonics (NASDAQ: LASE) has provided a shareholder update highlighting recent business developments and addressing trading activity. The company reported expanding market presence with new orders in key sectors including solar energy, semiconductors, and defense. Notable clients include Hemlock Semiconductor, Acuren, and the U.S. Navy.

LPC introduced new products such as the Laser Shield Anti-Drone System (LSAD) and the CleanTech MegaCenter 5010. The company secured $3.0 million in financing to support growth and expansion. LPC also addressed recent stock volatility, with shares rising from $3.29 to $19.80 in September, attracting short sellers. The company is exploring legal options regarding a short report and clarified that allegations in the report involve an individual not employed by or directing LPC.

Laser Photonics (NASDAQ: LASE) ha fornito un aggiornamento agli azionisti evidenziando recenti sviluppi aziendali e affrontando l'attività di trading. L'azienda ha riportato una crescente presenza nel mercato con nuovi ordini in settori chiave tra cui energia solare, semiconduttori e difesa. Clienti di rilievo includono Hemlock Semiconductor, Acuren e la Marina degli Stati Uniti.

LPC ha introdotto nuovi prodotti come il Laser Shield Anti-Drone System (LSAD) e il CleanTech MegaCenter 5010. L'azienda ha ottenuto 3,0 milioni di dollari in finanziamenti per supportare la crescita e l'espansione. LPC ha anche affrontato la recente volatilità delle azioni, con i titoli che sono passati da 3,29 a 19,80 dollari nel settembre, attirando venditori allo scoperto. L'azienda sta esplorando opzioni legali riguardo a un rapporto sui sell-off e ha chiarito che le accuse nel rapporto riguardano un individuo non impiegato o diretto da LPC.

Laser Photonics (NASDAQ: LASE) ha proporcionado una actualización a los accionistas destacando los recientes desarrollos empresariales y abordando la actividad comercial. La compañía informó sobre una creciente presencia en el mercado con nuevos pedidos en sectores clave, incluyendo energía solar, semiconductores y defensa. Clientes notables incluyen Hemlock Semiconductor, Acuren y la Marina de los EE. UU.

LPC presentó nuevos productos como el Laser Shield Anti-Drone System (LSAD) y el CleanTech MegaCenter 5010. La empresa aseguró 3.0 millones de dólares en financiamiento para apoyar el crecimiento y la expansión. LPC también abordó la reciente volatilidad de las acciones, con valores que subieron de 3.29 a 19.80 dólares en septiembre, atrayendo a vendedores en corto. La compañía está explorando opciones legales respecto a un informe corto y aclaró que las alegaciones en el informe involucran a un individuo no empleado ni dirigido por LPC.

레이저 포토닉스 (NASDAQ: LASE)가 최근 비즈니스 개발과 거래 활동을 강조하는 주주 업데이트를 제공했습니다. 이 회사는 확대된 시장 존재를 보고하며 태양 에너지, 반도체, 방위 등 주요 분야에서 새로운 주문을 확보했다고 전했습니다. 주요 고객으로는 헤멜록 반도체, 아큐렌 및 미국 해군이 있습니다.

LPC는 레이저 쉴드 anti-drone 시스템(LSAD) 및 CleanTech MegaCenter 5010과 같은 신제품을 도입했습니다. 회사는 성장과 확장을 지원하기 위해 300만 달러의 자금을 확보했습니다. LPC는 9월에 주가가 3.29달러에서 19.80달러로 상승하면서 발생한 최근의 주식 변동성에 대해서도 다루었습니다. 회사는 공매도 보고서에 대한 법적 옵션을 탐색 중이며, 해당 보고서의 주장이 LPC에 고용되거나 지시받지 않은 개인과 관련됨을 분명히 했습니다.

Laser Photonics (NASDAQ: LASE) a fourni une mise à jour aux actionnaires mettant en lumière les développements récents de l'entreprise et abordant l'activité de trading. La société a rapporté une présence sur le marché en expansion avec de nouvelles commandes dans des secteurs clés tels que l'énergie solaire, les semi-conducteurs et la défense. Parmi les clients notables figurent Hemlock Semiconductor, Acuren et la Marine des États-Unis.

LPC a introduit de nouveaux produits tels que le Laser Shield Anti-Drone System (LSAD) et le CleanTech MegaCenter 5010. L'entreprise a sécurisé 3 millions de dollars de financement pour soutenir sa croissance et son expansion. LPC a également abordé la récente volatilité des actions, les actions passant de 3,29 à 19,80 dollars en septembre, attirant les vendeurs à découvert. L'entreprise explore des options légales concernant un rapport pessimiste et a précisé que les allégations dans le rapport concernent une personne qui n'est ni employée ni dirigée par LPC.

Laser Photonics (NASDAQ: LASE) hat ein Update für Aktionäre bereitgestellt, in dem aktuelle Geschäftsentwicklungen hervorgehoben werden und die Handelsaktivität angesprochen wird. Das Unternehmen berichtete von einer wachsenden Marktpräsenz mit neuen Aufträgen in wichtigen Sektoren wie Solarenergie, Halbleitern und Verteidigung. Zu den namhaften Kunden zählen Hemlock Semiconductor, Acuren und die US Navy.

LPC stellte neue Produkte wie das Laser Shield Anti-Drone System (LSAD) und das CleanTech MegaCenter 5010 vor. Das Unternehmen sicherte sich 3,0 Millionen Dollar an Finanzierung zur Unterstützung von Wachstum und Expansion. LPC ging auch auf die jüngste Volatilität der Aktien ein, wobei die Kurse im September von 3,29 auf 19,80 Dollar stiegen und kurzfristige Verkäufer anlockten. Das Unternehmen prüft rechtliche Optionen hinsichtlich eines Short-Berichts und stellte klar, dass die Vorwürfe in dem Bericht eine Person betreffen, die nicht bei LPC beschäftigt oder verantwortlich ist.

Positive
  • Secured new orders from major clients like Hemlock Semiconductor, Acuren, and U.S. Navy
  • Introduced innovative products: Laser Shield Anti-Drone System (LSAD) and CleanTech MegaCenter 5010
  • Obtained $3.0 million in financing to support growth and expansion
  • Stock price rose significantly from $3.29 to $19.80 in September
Negative
  • Experienced significant stock volatility, attracting short sellers
  • Faced allegations in a short report, potentially impacting stock price

Insights

The shareholder update from Laser Photonics (LPC) provides insights into the company's recent business developments and financial position. The company has secured notable orders across various sectors, including solar energy, semiconductors, oil & gas and defense, demonstrating market expansion and product adoption. This diversification could potentially lead to increased revenue streams.

The introduction of new products, particularly the Laser Shield Anti-Drone System (LSAD) and CleanTech MegaCenter 5010, shows ongoing innovation efforts. These developments may position LPC competitively in emerging markets and enhance its product portfolio.

Financially, LPC secured $3 million in gross cash proceeds through a securities purchase agreement. This capital injection should support growth initiatives and market expansion, potentially improving the company's financial position. However, the exact terms and potential dilution effects are not specified.

The stock's recent volatility, with a surge from $3.29 to $19.80 in September, followed by a sharp decline, raises concerns about market speculation and short-selling activities. While the company is addressing allegations in a short report, such volatility and controversies may impact investor confidence in the short term.

Overall, while LPC shows promising business developments, investors should carefully consider the risks associated with the recent stock volatility and allegations when evaluating the company's long-term prospects.

Laser Photonics 's recent updates highlight significant technological advancements and market penetration in key industrial sectors. The adoption of their CleanTech laser technology by Hemlock Semiconductor for semiconductor and solar applications demonstrates the versatility and industrial applicability of LPC's solutions in high-precision manufacturing processes.

The integration of DefenseTech laser systems by the U.S. Navy and Marine Corps for corrosion removal and maintenance showcases the technology's relevance in critical defense applications. This adoption by military entities could lead to long-term contracts and establish LPC as a trusted supplier in the defense sector.

The introduction of the Laser Shield Anti-Drone System (LSAD) represents LPC's entry into the rapidly growing anti-drone market. While still in the concept stage, successful development could open up new revenue streams in security and defense sectors.

The launch of the CleanTech MegaCenter 5010, a Class I semi-automated system, indicates LPC's commitment to advancing industrial automation. This product could potentially increase the company's competitiveness in the industrial laser systems market.

These technological developments and market expansions position LPC at the forefront of laser technology applications across multiple industries. However, the success of these initiatives will depend on LPC's ability to execute its product development roadmap and effectively commercialize its innovations in a competitive landscape.

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 commented on recent business updates and trading activity.

Recent Orders: Expanding Across Key Verticals

LPC continues to expand its market presence across both existing and new verticals.

CleanTech: Recent orders demonstrate the company's growing impact in sectors such as:

  • Solar Energy and Semiconductor: Hemlock Semiconductor, a global leader in the production of hyper-pure polysilicon used in semiconductor and solar applications, has adopted LPC’s CleanTech laser technology to enhance its manufacturing processes, showcasing the versatility and industrial applicability of LPC's solutions.
  • Energy: Acuren, a leader in nondestructive testing services, has selected LPC’s CleanTech laser systems to support critical inspection and maintenance processes, further demonstrating the technology's value in ensuring operational safety and efficiency in the energy sector.
  • Oil & Gas: A global company in the oil and gas sector.

DefenseTech:

  • U.S. Navy: The Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility has integrated LPC’s DefenseTech laser system for the removal of corrosion from naval vessels. This technology enhances the Navy's maintenance capabilities, increasing efficiency and reducing environmental impact.
  • Military Equipment and Logistics: ADS Inc., in collaboration with Fonon Technologies, secured an order for LPC’s DefenseTech laser system to support the U.S. Marine Aviation Logistics Squadron. This deal further strengthens LPC’s footprint in military maintenance and logistics through advanced laser cleaning solutions.

New Products and Innovations

LPC continues to drive innovation with significant progress in product development:

  • Laser Shield Anti-Drone System (LSAD): Following successful initial concept testing in June, LPC released a conceptual video and marketing programs to increase awareness of its Laser Shield Anti-Drone System (LSAD), designed for security applications. The Company will announce key development milestones as the project progresses.
  • CleanTech MegaCenter 5010: LPC introduced the next generation of its industrial material processing system, the CleanTech MegaCenter 5010. This Class I semi-automated system enhances productivity, positioning LPC as a leader in advanced industrial solutions.

Financing Update

On August 16, LPC entered into a securities purchase agreement for gross cash proceeds of $3.0 million. These funds will support the Company’s growth and expansion into new markets, fueling the momentum generated by recent product innovations and customer wins.

Recent Trading Activity and Stock Volatility

The Company believes positive news surrounding LPC, particularly the excitement generated by the LSAD concept, contributed to significant stock volatility in September. LPC shares rose from $3.29 on September 3 to an intraday high of $19.80 on September 23. This price movement attracted the attention of short sellers. LPC recently became aware of a short report published after the writer had already taken a short position, attempting to manipulate the stock price for profit. The Company is actively exploring legal options and wishes to clarify the following:

  • The report centers on allegations involving an individual affiliated with, but not employed by, or a director of, LPC. This individual is not involved in the Company’s day-to-day operations.
  • The individual referenced has never been convicted of any felony, including the claims made in the report.
  • The report was released post short-positioning, suggesting an intent to manipulate the stock price downward for personal gain.

LPC remains committed to providing shareholders with transparent and timely updates as the Company continues to grow across its core business segments.

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, maritime, nuclear and space 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.

Investor Relations Contact:

laser@haydenir.com

Source: Laser Photonics Corporation

FAQ

What new products has Laser Photonics (LASE) recently introduced?

Laser Photonics recently introduced the Laser Shield Anti-Drone System (LSAD) and the CleanTech MegaCenter 5010, a next-generation industrial material processing system.

How much financing did Laser Photonics (LASE) secure in August 2023?

Laser Photonics entered into a securities purchase agreement for gross cash proceeds of $3.0 million on August 16, 2023.

What caused the stock volatility for Laser Photonics (LASE) in September 2023?

The company believes positive news, particularly excitement around the LSAD concept, contributed to significant stock volatility. LASE shares rose from $3.29 on September 3 to an intraday high of $19.80 on September 23, attracting short sellers.

Which major clients have recently adopted Laser Photonics' (LASE) technology?

Recent major clients include Hemlock Semiconductor in the solar energy and semiconductor sectors, Acuren in the energy sector, and the U.S. Navy for naval vessel maintenance.

Laser Photonics Corporation

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