Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced its expansion into a new 50,000-square-foot facility to support its growing operations and commitment to technological advancements. The company has officially moved into the building. The new facility will house office space for the company's sales and marketing department, as well as the engineering and R&D departments that will spearhead the development of new additive manufacturing technology and systems that will cater to the semiconductor industry in addition to the Laser Shield Anti-Drone System (LSAD) that is in development.
This strategic move comes as part of Laser Photonics' long-term growth plan. Over the next three years, the company aims to hire approximately 150 new employees, with a focus on talent in engineering, research, sales and marketing, to accelerate innovation and diversify its product and technology portfolio, thereby opening up new avenues for growth.
"Our new facility will not only provide the physical space we need to grow but also foster a collaborative environment that will drive the next generation of Laser Photonics products," said Wayne Tupuola, CEO at Laser Photonics. "We're excited about the opportunities this move presents, as it aligns with our vision to expand our product offerings in key high-growth sectors like additive manufacturing and semiconductors while we develop and commercialize our potentially transformational LSAD."
The facility is designed to meet the demands of Laser Photonics' rapidly growing portfolio and will serve as a hub for breakthrough research, product development and collaboration with our customers.
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.
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