Laser Photonics Scores Dual Order From Global Oil Giant Through Distributor

Rhea-AI Summary

Laser Photonics (NASDAQ: LASE) has secured an international order for two laser machines from a global oil and gas producer through a foreign distributor. The order includes the CleanTech 100-CTHD, a handheld laser cleaning device, and the MarkStar 20-MSH-Pro, a laser marking system. This sale marks LPC's expansion into the oil and gas market and strengthens its international presence.

The CleanTech 100-CTHD uses laser ablation technology for rust removal, offering a safe and efficient method to maintain critical equipment in the energy sector. The MarkStar 20-MSH-Pro enables precise, permanent marking on various materials, enhancing identification and inventory management processes.

CEO Wayne Tupuola highlighted the significance of this order in demonstrating the versatility of laser-blasting technology across industries. While North America remains LPC's primary market, the company's growing overseas sales indicate expanding brand recognition and potential for attracting a broader customer base globally.

Positive

• Secured international order for two laser machines from a global oil and gas producer
• Expansion into the oil and gas market
• Strengthening international presence and brand recognition
• Potential for attracting a broader global customer base

Negative

• None.

Insights

Financial Analyst

This dual order from a global oil giant represents a positive development for Laser Photonics (LPC). While the exact financial impact isn't disclosed, penetration into the oil and gas sector could open significant opportunities. The industry's vast infrastructure and constant need for maintenance make it a potentially lucrative market for LPC's laser cleaning technology. International expansion is another key takeaway, indicating growing brand recognition beyond North America. However, investors should note that single orders, while promising, may not significantly impact overall financials immediately. The long-term potential lies in establishing a foothold in this sector and leveraging it for recurring business and broader market penetration.

Industrial Technology Expert

LPC's CleanTech and MarkStar systems offer compelling advantages in the oil and gas sector. Laser ablation for rust removal is safer and more environmentally friendly than traditional chemical or abrasive methods, aligning with the industry's increasing focus on sustainability. The precision and versatility of these systems, especially in handling complex shapes and on-the-fly marking, address critical needs in equipment maintenance and inventory management. The maintenance-free operation of the MarkStar system is particularly attractive, potentially reducing long-term costs. However, the adoption curve for new technologies in conservative industries like oil and gas can be slow, so LPC may face challenges in widespread implementation.

Market Research Analyst

This order signifies a strategic market entry for LPC into the global oil and gas industry. The sector's vast size and ongoing maintenance needs present a substantial opportunity. However, competition from established industrial cleaning and marking solution providers could be fierce. LPC's success will depend on its ability to demonstrate clear ROI and overcome potential resistance to new technologies. The use of a distributor suggests a smart approach to market penetration, leveraging local expertise and networks. Investors should monitor LPC's ability to secure follow-up orders and expand its presence in this sector, as it could be a significant growth driver if executed well.

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 an international order for two of its laser machines, the CleanTech 100-CTHD and the MarkStar 20-MSH-Pro, from a global oil and gas producer through a distributor located abroad.

As an innovative method to remove corrosion, laser ablation technology increasingly finds its way into the energy sector. For the oil and gas industry specifically, it provides a safe, sustainable, and efficient method to remove rust from critical equipment and infrastructure to restore their integrity, reduce the risk of leaks, and ensure uninterrupted functionality.

LPC’s CleanTech Handheld LPC-100-CTHD, acquired by a major oil and gas producer based abroad, is a precision pulsed laser instrument that integrates dual axis technology for the effective processing of complex shapes and surfaces. The CleanTech 100-CTHD is a compact and mobile handheld unit, ready for in-field cleaning, polishing, and other surface preparation needs of a small scale.

“This order marks a significant milestone for Laser Photonics as we expand into the oil and gas market,” said Wayne Tupuola, CEO of LPC. “As awareness of this innovative cleaning method grows, laser-blasting proves its versatility across numerous industries. Wherever rust removal is needed, our state-of-the-art machines are the solution.”

The second product in the dual order, the MarkStar 20-MSH-Pro, is LPC’s flagship laser marking system. This tool enables precise, permanent, and on-the-fly marking on various materials, including curved and textured surfaces. Laser marking is a quick and efficient method for identification, traceability, and streamlined inventory management. The MarkStar 20-MSH-Pro is maintenance-free, easy to master, and requires no consumables to operate.

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, 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 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, industrial, maritime, space exploration and shipbuilding 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240816850499/en/

Investor Relations Contact:

laser@haydenir.com

Media Contact:

Karla Kizzort

Marketing Specialist

Laser Photonics Corporation

kkizzort@laserphotonics.com

Source: Laser Photonics Corporation

FAQ

What products did Laser Photonics (LASE) sell in its recent international order?

Laser Photonics sold two laser machines: the CleanTech 100-CTHD, a handheld laser cleaning device, and the MarkStar 20-MSH-Pro, a laser marking system.

How does Laser Photonics' (LASE) CleanTech 100-CTHD benefit the oil and gas industry?

The CleanTech 100-CTHD uses laser ablation technology to safely and efficiently remove rust from critical equipment, reducing the risk of leaks and ensuring uninterrupted functionality in oil and gas operations.

What market expansion does this order represent for Laser Photonics (LASE)?

This order represents Laser Photonics' expansion into the oil and gas market, as well as strengthening its international presence beyond its primary North American market.

What are the key features of Laser Photonics' (LASE) MarkStar 20-MSH-Pro?

The MarkStar 20-MSH-Pro is a maintenance-free laser marking system that enables precise, permanent marking on various materials, including curved and textured surfaces, without requiring consumables to operate.