Adaptimmune stock plunges after announcing Nasdaq delisting plans
Investing.com -- Laser Photonics Corp (NASDAQ:LASE) stock surged 17.6% in Monday’s premarket trading after announcing a multi-system order from a top-five global semiconductor capital equipment company.
The industrial laser systems manufacturer said the order was secured through its Beamer Laser Marking Systems subsidiary, which the company acquired as part of its strategic growth initiative. This marks a significant entry into the semiconductor sector for Laser Photonics.
"Securing a multi-system order from a top-five global semiconductor capital equipment leader validates our ability to compete at the highest levels of advanced manufacturing," said Wayne Tupuola, CEO of Laser Photonics.
The company highlighted that the semiconductor market is expected to exceed $1 trillion by 2030, representing a substantial growth opportunity. Through its acquisitions, including Beamer and CMS, Laser Photonics has transformed into a diversified laser solutions provider serving multiple industries including semiconductor, pharmaceutical, and industrial manufacturing sectors.
The company’s strategy involves reducing reliance on any single sector while positioning itself to capitalize on technology trends such as AI, electric vehicles, and advanced computing. Laser Photonics noted that its acquisition program has helped open high-growth markets and leveraged Beamer’s global distribution network to expand sales of its full product portfolio.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.