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ORLANDO – Laser Photonics Corporation (NASDAQ: LASE), in collaboration with Fonon Technologies, has secured a repeat order from a Navy command in Virginia Beach for its DefenseTech MRLS Portable Finishing Laser (MF-1020) system, through distributor Incredible Supply & Logistics (ISL). The handheld laser cleaning device, known for its dual-axis technology, is designed to enhance maintenance efficiency.
The MF-1020 system is an air-cooled, pulsed laser that simplifies the cleaning process, effectively removing rust, paint, and other residues without harming the underlying material. This order reaffirms the Navy’s trust in the reliability and effectiveness of Laser Photonics’ solutions, as stated by Executive Vice President John Armstrong.
Laser Photonics emphasizes the environmental benefits of their DefenseTech systems, which offer a chemical-free alternative to traditional cleaning methods, thereby reducing health risks and secondary waste. The company’s focus on eco-friendly solutions aligns with current trends toward sustainable practices in industrial maintenance. With a strong current ratio of 5.38, InvestingPro data shows the company’s liquid assets significantly exceed its short-term obligations, positioning it well for continued innovation in sustainable technologies. Get access to 10+ additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
The recent order is indicative of Laser Photonics and Fonon Technologies’ growing stature in the defense industry, where their products are increasingly recognized for quality and innovation. The DefenseTech line of laser cleaning systems, including the MF-1020, is part of a broader effort by Laser Photonics to disrupt the traditional sand and abrasives blasting markets, which the company values at $46 billion.
Laser Photonics has established itself as a leader in industrial laser systems, catering to major industries such as aviation, aerospace, automotive, defense, and energy. The company’s commitment to product innovation and technology has garnered attention from Fortune 1000 manufacturers and various sectors of the U.S. military.
This press release contains forward-looking statements regarding the company’s future plans and potential outcomes, which are subject to risks and uncertainties. These statements are based on expectations as of the date of the press release and are not guarantees of future performance. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, though investors should note the company’s revenue of $3.08M in the last twelve months. For deeper insights, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, covering what really matters about LASE and 1,400+ other top stocks.
The information in this article is based on a press release statement from Laser Photonics Corporation.
In other recent news, Laser Photonics Corporation has secured a $1.05 million loan from Agile Capital Funding, with repayment set to occur in weekly installments. This financial agreement, effective February 13, 2025, includes a total interest of $512,000 and an administrative fee of $50,000, providing the company with a significant cash infusion. Additionally, Laser Photonics has completed the delivery of two DefenseTech MRLS Finishing laser systems to a Marine Corps base in North Carolina, enhancing the base’s maintenance capabilities. In partnership with Cascade Coil Drapery, Inc., Laser Photonics has also received an order for its CleanTech Industrial Conditioning Laser 2010 for architectural surface preparation. Furthermore, the company announced a significant order for its advanced Laser Engraving System from a leading U.S. bicycle manufacturer, to aid in product branding and anti-counterfeiting measures. In a strategic move to cut costs, Laser Photonics has terminated a lease agreement for a property in Orlando, projecting savings of approximately $80,000 for 2025. These recent developments highlight Laser Photonics’ ongoing efforts to strengthen its financial position and expand its market presence.
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