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Laser Photonics Scores Dual Follow-On Sale to NDT Leader Acuren

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Laser Photonics (NASDAQ: LASE) has announced a dual follow-on sale to Acuren, a leading nondestructive testing (NDT) company. LPC will deliver two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to Acuren's operations in Sarnia, Ontario, Canada. The CTIR-3050 is LPC's most powerful handheld laser system for heavy-duty surface preparation.

Wayne Tupuola, CEO of LPC, expressed delight in Acuren's return as a valued customer, highlighting the increasing awareness of laser cleaning systems' benefits in the NDT market. Acuren, one of the world's largest inspection services companies, serves various industrial markets including chemical, nuclear power, pipelines, and aerospace.

This follow-on sale is expected to increase LPC's recognizability among industry professionals, strengthen its presence in North America, and open new business opportunities.

Laser Photonics (NASDAQ: LASE) ha annunciato una vendita successiva duale ad Acuren, un'azienda leader nel settore dei test non distruttivi (NDT). LPC fornirà due ulteriori sistemi CleanTech Industrial Roughening Laser 3050 (CTIR-3050) alle operazioni di Acuren a Sarnia, Ontario, Canada. Il CTIR-3050 è il sistema laser portatile più potente di LPC per la preparazione delle superfici pesanti.

Wayne Tupuola, CEO di LPC, ha espresso la propria soddisfazione per il ritorno di Acuren come cliente prezioso, sottolineando la crescente consapevolezza dei vantaggi dei sistemi di pulizia laser nel mercato NDT. Acuren, una delle più grandi aziende di servizi di ispezione al mondo, serve vari mercati industriali tra cui chimico, energia nucleare, oleodotti e aerospaziale.

Questa vendita successiva è prevista per aumentare la riconoscibilità di LPC tra i professionisti del settore, rafforzare la sua presenza in Nord America e aprire nuove opportunità commerciali.

Laser Photonics (NASDAQ: LASE) ha anunciado una venta dual de seguimiento a Acuren, una empresa líder en pruebas no destructivas (NDT). LPC entregará dos sistemas adicionales CleanTech Industrial Roughening Laser 3050 (CTIR-3050) a las operaciones de Acuren en Sarnia, Ontario, Canadá. El CTIR-3050 es el sistema láser portátil más potente de LPC para la preparación de superficies de trabajo pesado.

Wayne Tupuola, CEO de LPC, expresó su alegría por el regreso de Acuren como un cliente valioso, destacando la creciente conciencia sobre los beneficios de los sistemas de limpieza láser en el mercado de NDT. Acuren, una de las empresas de servicios de inspección más grandes del mundo, atiende a diversos mercados industriales, incluido el químico, energía nuclear, oleoductos y aeroespacial.

Se espera que esta venta de seguimiento aumente el reconocimiento de LPC entre los profesionales de la industria, fortalezca su presencia en América del Norte y abra nuevas oportunidades comerciales.

레이저 포토닉스 (NASDAQ: LASE)는 비파괴 검사(NDT) 분야의 선두주자인 아큐렌(Acuren)에게 이중 후속 판매를 발표했습니다. LPC는 캐나다 온타리오주 사르니아에 위치한 아큐렌의 운영에 두 개의 추가 클린텍 산업 표면 처리 레이저 3050(CTIR-3050) 시스템을 제공합니다. CTIR-3050은 중량 작업 표면 준비를 위한 LPC의 가장 강력한 휴대용 레이저 시스템입니다.

LPC의 CEO 웨인 투폴라(Wayne Tupuola)는 아큐렌이 소중한 고객으로 돌아온 것에 기쁨을 표하며, NDT 시장에서 레이저 청소 시스템의 이점에 대한 높아지는 인식을 강조했습니다. 아큐렌은 세계에서 가장 큰 검사 서비스 회사 중 하나로, 화학, 원자력, 파이프라인 및 항공 우주를 포함한 다양한 산업 시장에 서비스를 제공합니다.

이번 후속 판매는 LPC의 업계 전문가들 사이에서 인지도를 높이고 북미에서의 입지를 강화하며 새로운 비즈니스 기회를 열 것으로 기대됩니다.

Laser Photonics (NASDAQ: LASE) a annoncé une vente de suivi duale à Acuren, un leader dans le domaine des tests non destructifs (NDT). LPC fournira deux systèmes supplémentaires CleanTech Industrial Roughening Laser 3050 (CTIR-3050) aux opérations d'Acuren à Sarnia, Ontario, Canada. Le CTIR-3050 est le système laser portatif le plus puissant de LPC pour la préparation des surfaces lourdes.

Wayne Tupuola, PDG de LPC, a exprimé sa joie du retour d'Acuren en tant que client précieux, soulignant la prise de conscience croissante des avantages des systèmes de nettoyage au laser sur le marché NDT. Acuren, l'une des plus grandes entreprises de services d'inspection au monde, sert divers marchés industriels, notamment la chimie, l'énergie nucléaire, les pipelines et l'aérospatiale.

Cette vente de suivi devrait augmenter la notoriété de LPC parmi les professionnels du secteur, renforcer sa présence en Amérique du Nord et ouvrir de nouvelles opportunités commerciales.

Laser Photonics (NASDAQ: LASE) hat einen dual follow-on Verkauf an Acuren, ein führendes Unternehmen im Bereich der zerstörungsfreien Prüfung (NDT), angekündigt. LPC wird zwei weitere CleanTech Industrial Roughening Laser 3050 (CTIR-3050) Systeme an die Betriebe von Acuren in Sarnia, Ontario, Kanada, liefern. Der CTIR-3050 ist LPCs leistungsstärkstes tragbares Lasersystem für die intensive Oberflächenvorbereitung.

Wayne Tupuola, CEO von LPC, äußerte seine Freude über die Rückkehr von Acuren als geschätztem Kunden und hob das steigende Bewusstsein für die Vorteile von Laserreinigungssystemen im NDT-Markt hervor. Acuren, eines der größten Inspektionsdienstleistungsunternehmen der Welt, bedient verschiedene industrielle Märkte, darunter Chemie, Kernenergie, Pipelines und Luft- und Raumfahrt.

Dieser Folgeverkauf wird voraussichtlich die Bekanntheit von LPC unter Fachleuten der Branche erhöhen, die Präsenz in Nordamerika stärken und neue Geschäftsmöglichkeiten eröffnen.

Positive
  • Secured a dual follow-on sale from a leading NDT company, Acuren
  • Delivering two additional CTIR-3050 systems, LPC's most powerful handheld laser system
  • Increasing awareness and adoption of LPC's laser cleaning systems in the NDT market
  • Strengthening presence in North America and opening new business opportunities
Negative
  • None.

Insights

The dual follow-on sale of CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to Acuren represents a significant development for Laser Photonics (LPC). This repeat business from a leading nondestructive testing (NDT) company validates LPC's technology and market position.

Key points to consider:

  • Acuren's repeat purchase suggests satisfaction with LPC's products, potentially leading to future sales and referrals in the NDT industry.
  • The CTIR-3050, being LPC's most powerful handheld laser system, addresses high-end market needs, which could command premium pricing and higher margins.
  • Expansion in the Canadian market broadens LPC's geographical footprint, potentially reducing market concentration risk.
  • Acuren's diverse client base across critical industries like chemical, nuclear and oil & gas could open doors for LPC in these sectors.

While this sale is positive, investors should note that LPC is still a small-cap company ($103M market cap) in a competitive industry. The company's ability to scale and consistently win contracts from major players like Acuren will be important for long-term growth and profitability.

Leading Nondestructive Testing Company Now a Repeat Client of LPC

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 completed a dual follow-on sale to Acuren, a leading provider of asset protection services through nondestructive testing (NDT) and consulting.

LPC is to deliver two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to the Sarnia, Ontario-based operations of Acuren in Canada. The CTIR-3050 is LPC’s most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface preparation.

“We are delighted to welcome Acuren back as a valued customer,” said Wayne Tupuola, CEO of LPC. “Our laser cleaning systems consistently demonstrate exceptional effectiveness across diverse applications, and awareness of their benefits is steadily rising. In the nondestructive testing market, they are a proven tool for safeguarding critical infrastructures.”

Acuren is one of the world’s largest inspection services companies, offering a broad spectrum of NDT solutions. These include radiographic and ultrasonic testing, ground penetrating radar, infrared thermography and rope access technology (RAT). Acuren serves industrial markets, most notably chemical, nuclear power, pipelines, refineries, power generation, oil, automotive, aerospace, mining, manufacturing, renewable energy and paper production.

This swift supplemental sale increases LPC’s recognizability amongst industry professionals, strengthens the company’s expanding presence in North America, and opens new business opportunities.

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 Acuren

Acuren is a leading North American provider of critical asset integrity services. Acuren provides mission critical, regulatorily-mandated, nondestructive testing, inspection and engineering & lab testing services across a variety of industrial end markets. Acuren operates across three service lines: Nondestructive Testing (NDT), Rope Access Technician Solutions (RAT) and Engineering and Lab Testing. NDT offerings include breadth of nondestructive testing services including conventional, advanced and tech-enabled NDT. RAT offerings include a full suite of rope access technician offerings including inspection, repair and specialty craft services. Engineering and Lab Testing offerings include materials engineering and destructive lab testing services.

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 is the latest sale announced by Laser Photonics (LASE)?

Laser Photonics (LASE) announced a dual follow-on sale of two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to Acuren, a leading nondestructive testing company.

Where will Laser Photonics (LASE) deliver the CTIR-3050 systems?

Laser Photonics (LASE) will deliver the CTIR-3050 systems to Acuren's operations in Sarnia, Ontario, Canada.

What markets does Acuren serve according to the Laser Photonics (LASE) press release?

According to the press release, Acuren serves various industrial markets including chemical, nuclear power, pipelines, refineries, power generation, oil, automotive, aerospace, mining, manufacturing, renewable energy, and paper production.

How does this sale impact Laser Photonics (LASE)?

The sale is expected to increase LPC's recognizability among industry professionals, strengthen its expanding presence in North America, and open new business opportunities.

Laser Photonics Corporation

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