Welcome to our dedicated page for Laser Photonics news (Ticker: LASE), a resource for investors and traders seeking the latest updates and insights on Laser Photonics stock.
Laser Photonics Corp (NASDAQ: LASE) delivers innovative laser cleaning solutions that transform industrial surface processing across aerospace, automotive, and manufacturing sectors. This news hub provides investors and industry professionals with essential updates about the company's patented photonics technologies and market developments.
Access real-time announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated collection helps stakeholders monitor advancements in eco-friendly laser blasting systems and their applications in corrosion control, surface preparation, and precision manufacturing.
Key updates cover regulatory milestones, technology certifications, and expansion into new industrial markets. Bookmark this page for streamlined access to official press releases and objective analysis of LASE's role in advancing sustainable manufacturing alternatives to traditional abrasive methods.
Laser Photonics Corporation (NASDAQ:LASE) announced an order from Baltimore Gas and Electric for its CleanTech 2000 JobSite handheld laser cleaning system. This system, designed for projects like paint removal from tank surfaces, offers a safe and efficient alternative to traditional methods. With a power output of 2000 watts, the system also allows for flexibility in various applications, enabling users to switch between cleaning and finishing tasks easily. The company aims to disrupt the $46 billion sandblasting market with its innovative laser technologies.
Laser Photonics Corporation (NASDAQ:LASE) has received an order for its CleanTech Handheld 1000-Watt Laser System from San Bernardino Community College, enhancing vocational training opportunities for students. The system adheres to California's strict EPA laws and is designed for industrial applications, providing a safe and efficient learning environment. Wayne Tupuola, CEO, emphasized the company's commitment to education and industry readiness, showcasing the technology's role in practical training for future laser technicians.
Laser Photonics Corporation (NASDAQ:LASE) announced a significant pipeline expansion of $8-10 million following a successful showcase at FABTECH 2022. The company gained approximately 200 leads, with about 15% from new Fortune 500 customers and governmental entities across diverse sectors like oil & gas, military, and aerospace. The exhibition highlighted their innovative CleanTech Laser systems, including the new CleanTech Laser Blaster Cabinet, a safer alternative to sandblasting. This momentum is expected to bolster sales into 2023.
Laser Photonics Corporation (NASDAQ:LASE) announced the sale of its first CleanTech Laser Blaster Cabinet to Emerson Automation Solutions, marking a significant product launch. This cabinet is unique as it is the only FDA-approved laser cleaning system, providing safety, precision, and flexibility for industrial applications. Installed at Fisher Controls in Texas, it features advanced safety mechanisms and is designed to address environmental and regulatory challenges in laser-based cleaning. The sale validates Laser Photonics' innovative solutions and opens avenues for future collaborations with Emerson.
Laser Photonics Corporation (NASDAQ:LASE) provided fiscal 2022 revenue guidance of $5.6 to $5.8 million, indicating 34% to 38% growth.
In Q3 2022, the company reported $1.2 million in revenue, an 11.5% increase year-over-year. Gross margin stood at 58.1%, with diluted EPS at $0.04.
The CEO highlighted strong demand for their CleanTech Laser Blaster products, emphasizing plans to expand product lines and enhance marketing efforts following their IPO.
Laser Photonics Corporation (NASDAQ:LASE) will announce its third quarter 2022 results on November 8, 2022, at 11:00 a.m. Eastern Time. This announcement follows the company's IPO on October 4, 2022. The results will be discussed during a webcast, where investors can submit questions in advance.
Laser Photonics is a leading provider of Cleantech laser systems aimed at disrupting the traditional blasting market, valued at $46 billion. Their innovative technology addresses various industrial applications while promoting safety and environmental responsibility.
Laser Photonics Corporation (NASDAQ:LASE) announced its participation in the FABTECH 2022 trade show from November 8 - 10, 2022, at the Georgia World Congress Center in Atlanta, GA. CEO Wayne Tupuola emphasized the significance of showcasing their innovative CleanTech Laser systems to potential customers. LPC will demonstrate a range of products, including high-powered lasers and the new CleanTech Laser Blaster Cabinet, which complies with EPA and OSHA standards, aiming to replace traditional sandblasting techniques.
Laser Photonics Corporation (NASDAQ:LASE) announced the sale of its first CleanTech 3000-CTH, the world's first industrial-grade 3000-watt laser cleaning system, to an Australian mining company. This multi-hundred thousand dollar transaction marks a significant milestone in LPC's venture into the mining industry. The system features advanced air optics protection for clean operation and integrated cooling systems for harsh environments. LPC aims to revolutionize industrial cleaning with cost-effective and efficient laser technologies, enhancing safety and environmental compliance.
Laser Photonics Corporation (NASDAQ:LASE) announced the delivery of the CleanTech Handheld LPC-1000CTH to the U.S. Navy Kingsbay Trident Re-fit Facility, following a previous announcement on October 11, 2022. Since then, Laser Photonics has sold eight systems totaling $750,000 to various branches of the U.S. military. The company anticipates future orders after the development of standard operating procedures. Laser Photonics aims to expand its presence in the U.S. Department of Defense, promoting the efficiency and financial benefits of its technology.
Laser Photonics Corporation (NASDAQ:LASE) has launched the MARLIN (Marine Application Rust Laser Inhibitor) product line targeting a $500 million corrosion control market in the U.S. marine vessel sector. The MARLIN product will feature a 100W CleanTech Laser Blaster, designed for effective rust management in small marine vessels. Wayne Tupuola, CEO, anticipates significant growth in the marine market, projected to reach nearly $10 billion by 2028. The first MARLIN product is expected to be available by year-end, focusing on portable laser cleaning solutions to combat corrosion from saltwater.
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