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ORLANDO - Laser Photonics Corporation (NASDAQ: LASE), a $49 million market cap industrial laser systems company, announced it has received an order for two of its MiniGIANT laser marking systems from Glaze Tool and Engineering, a leader in custom automation systems. The company, which maintains impressive gross profit margins of 55%, will see its MiniGIANT systems integrated into Glaze Tool’s production processes to enhance branding capabilities for various industries. According to InvestingPro data, analysts anticipate sales growth of 3.82% for fiscal year 2024.
The partnership signifies a strategic move for Laser Photonics into the robotics and automation sector, complementing its existing footprint in the automotive, transportation, and aviation industries. The MiniGIANT is a 20-watt Class IV laser marking machine, notable for its compact size and user-friendly interface, which is expected to streamline Glaze Tool’s operations and provide an advantage in branding finished components.
Glaze Tool, with over 50 years of expertise, services a multitude of industries including appliance, agriculture, automotive, medical, and consumer products. The company is recognized for its robust and reliable automation solutions. This new collaboration with Laser Photonics is poised to enhance Glaze Tool’s capabilities in meeting the demands of its diverse client base.
Laser Photonics emphasizes the importance of advanced, sustainable laser solutions in driving innovation and fostering strategic industry partnerships. The company’s range of industrial laser solutions includes marking, cleaning, cutting, engraving, and welding systems.
This press release contains forward-looking statements and readers are encouraged to review the "Risk Factors" in Laser Photonics’ Registration Statement for a comprehensive understanding of potential risks and uncertainties. The information in this article is based on a press release statement from Laser Photonics Corporation.
In other recent news, Laser Photonics Corporation has announced several significant developments. The company is expanding its research and development efforts in large format gantry laser technology through its subsidiary, Control Micro Systems, Inc., targeting the appliance sector. This move aims to enhance manufacturing processes for multi-part appliances, emphasizing precision and efficiency. Additionally, Laser Photonics is focusing on ultraviolet (UV) laser systems for microelectronics and medical device manufacturing, which are known for their fine cutting capabilities with minimal heat impact. This strategic investment is intended to strengthen shareholder value and adapt to market demands.
In another development, Laser Photonics has secured a substantial order from Rocket Lab USA, Inc. for its MarkStar Pro handheld marking laser, enhancing part traceability in Rocket Lab’s supply chain. This collaboration highlights the importance of precision in aerospace operations. Furthermore, the company is advancing its laser drilling technology to improve precision across materials like plastics, metals, and ceramics, catering to industries such as automotive and electronics. The company is also enhancing its Extrusion Line Laser Marking Systems to meet the demand for high-speed marking solutions in extrusion processes. These initiatives are part of Laser Photonics’ broader strategy to diversify its market presence and enhance shareholder value.
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