Laser cleaning tech showcased at Pearl Harbor Naval Yard

ORLANDO, Fla. - Laser Photonics Corporation (NASDAQ: LASE), in partnership with Fonon Technologies and Boston Engineering, recently demonstrated a new laser cleaning-enabled robotic crawler at the Pearl Harbor Naval Shipyard & Intermediate Maintenance Facility. The event took place on Sunday, showcasing the technology's potential to enhance Naval maintenance, repair, and overhaul (MRO) processes.

The robotic crawler, developed by Boston Engineering, is designed to autonomously navigate ship hulls and structures, performing tasks such as corrosion removal and surface cleaning with high precision. By incorporating laser systems from LPC and Fonon Technologies, the crawler aims to improve surface preparation and restoration in various industries, including defense and maritime. With analysts forecasting 3.82% revenue growth for the current year, this innovation could contribute significantly to the company's expansion plans.

Executives from the collaborating companies highlighted the benefits of this technology. Bryan Lee, Vice President of Fonon Technologies, emphasized the potential impact on the Navy’s annual $23 billion corrosion challenge. Mark Smithers, CTO and co-founder of Boston Engineering, pointed to the need for advanced digital tools in the defense and maritime infrastructure sector.

Laser Photonics is known for disrupting traditional surface cleaning markets with its industrial laser systems, addressing health, safety, and environmental concerns associated with older methods. Fonon Technologies provides laser equipment to government and defense sectors, while Boston Engineering specializes in product design and engineering consulting services.

This press release, based on a statement from Laser Photonics Corporation, contains forward-looking information about the company's prospects and the potential results of this new technology. However, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For a comprehensive analysis of LASE's financial health, growth prospects, and 13 additional key insights, visit InvestingPro, where you'll find detailed Pro Research Reports that transform complex Wall Street data into actionable intelligence.

In other recent news, Laser Photonics Corporation has made notable strides in various sectors. The company's subsidiary, Control Micro Systems (CMS), has received significant follow-on orders from clients in the pharmaceutical and electronics manufacturing sectors, indicating robust market demand for its advanced laser equipment.

Simultaneously, Laser Photonics has been investing in research and development, expanding their project on laser wire stripping and marking technology catered to the aerospace and defense industries. The company has also broadened its Printed Circuit Board (PCB) Depaneling technology development project, targeting the electronics market.

The company recently secured a new purchase order from Proman for three CleanTech Industrial Roughening Laser Systems, highlighting global recognition of Laser Photonics' innovative technology. Despite reporting a wider third-quarter loss per share of $0.13, the company's revenue for the quarter was $800,000, indicating a sequential increase from the previous quarter.

InvestingPro analysts project a 3.82% revenue growth for Laser Photonics in FY2024. These recent developments reflect Laser Photonics' ongoing strategy to expand its product portfolio and strengthen its market position.

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