Laser Photonics Receives Order From the US Navy for CleanTech Laser Blasting System for Submarine MRO

Rhea-AI Summary

Laser Photonics Corporation (NASDAQ:LASE) announced on October 11, 2022, that it has received an order from the U.S. Navy for an LPC-1000CTH CleanTech Laser Blasting System. This order aims to assist in the Navy's $22 billion initiative to manage corrosion across its fleet. The LPC-1000CTH is a powerful, handheld laser cleaning tool designed for precise and effective maintenance operations in submarine MRO. The company anticipates future expansion of its partnership with the Navy based on the advantages of its technology.

Positive

• Secured an order from the U.S. Navy, indicating strong demand and credibility.
• The LPC-1000CTH addresses the multi-billion dollar corrosion control issue faced by the Navy.
• Potential for future orders as the Navy assesses the system's benefits.

Negative

• None.

ORLANDO, FL / ACCESSWIRE / October 11, 2022 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global industrial developer of Cleantech laser systems for laser cleaning and other materials applications, today announced it received an order from the U.S. Navy for delivery this month of an LPC-1000CTH CleanTech Laser Blasting System with an integrated water chiller for submarine MRO (maintenance, repair and operations).

Wayne Tupuola, chief executive officer of Laser Photonics, commented: "We believe the U.S. Navy can benefit significantly from our CleanTech Laser Blasting systems in its $22 billion annual fight to control corrosion across the fleet. This unit will allow the Navy to develop standard operating procedures and processes for using CleanTech Laser Blasting systems for corrosion control. Over time, we hope to expand on this initial order as the U.S. Navy realizes our technology's health, safety and efficiency benefits."

The CleanTech Handheld LPC-1000CTH is a 1000 watt handheld laser cleaner. This high-performance, industrial-grade, fast, precise, and incredibly productive laser cleaning tool is designed as a super-compact, Industrial Grade Professional level laser cleaning and surface treatment system for medium-sized areas requiring delicate cleaning, de-painting, and other surface preparation operations. Microprocessor-controlled and without the need for a PC, the system is instantly ready when the key is turned ON. The touch screen allows you to choose among the five pre-designed cleaning patterns - while using a water-cooled laser system. Heavy-duty industrial design is based on years of experience building Hand Held Lasers for marking and engraving applications. In addition, the LPC-1000CTH can be coupled with industrial robots and placed inside safety work cells with interlocks for full compliance with OSHA and FDA CDRH as Class IV Laser Systems.

Cautionary Note Concerning Forward-Looking Statements

This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption "Risk Factors" in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.

About Laser Photonics Corporation

Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC 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. LPC's new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC 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 LPC's "unique-to-industry" systems. For more information, visit www.laserphotonics.com.

Laser Photonics Investor Relations Contact:
Brian Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR
(346) 396-8696
brian@haydenir.com

SOURCE: Laser Photonics Corp.

View source version on accesswire.com:
https://www.accesswire.com/719793/Laser-Photonics-Receives-Order-From-the-US-Navy-for-CleanTech-Laser-Blasting-System-for-Submarine-MRO

FAQ

What did Laser Photonics announce on October 11, 2022?

Laser Photonics announced that it received an order from the U.S. Navy for an LPC-1000CTH CleanTech Laser Blasting System.

What is the significance of the LPC-1000CTH order for Laser Photonics?

The order signifies strong demand and potential growth in the U.S. Navy's corrosion control efforts, valued at $22 billion annually.

How does the LPC-1000CTH benefit the U.S. Navy?

The LPC-1000CTH helps the U.S. Navy develop standard operating procedures for corrosion control, thus enhancing maintenance operations.

What are the future prospects for Laser Photonics with the U.S. Navy?

Laser Photonics hopes to expand its partnership with the Navy as the benefits of its CleanTech systems are recognized over time.