A significant order received by Laser Photonics Corporation (LASE) has led to share prices rising by 57.19% to $2.94 in early trading on Tuesday. The price of LASE stock fell by -17.26% to $1.87 at the end of the last trading session.
LASE has received which order?
In an announcement today, Laser Photonics (LASE) announced an order from the US Navy for an LPC-1000CTH CleanTech Laser Blasting System and water chiller for submarine MRO (maintenance, repair, and operations).
As part of its $22 billion annual campaign to control corrosion across its fleet, the US Navy can greatly benefit from our CleanTech Laser Blasting systems. CleanTech Laser Blasting systems will be developed as standard operating procedures and processes for the Navy using this unit. With the US Navy realizing how beneficial this technology is for health, safety, and efficiency, LASE hopes to expand on this initial order.
A 1000-watt portable laser cleaner is the CleanTech Handheld LPC-1000CTH. This ultra-compact, Industrial Grade Professional level laser cleaning and surface treatment system is intended for medium-sized areas requiring delicate cleaning, de-painting, and other surface preparation operations. It is high-performance, industrial-grade, quick, precise, and incredibly productive. The system is microprocessor-controlled and ready right away when the key is switched on without the need for a personal computer.
The water-cooled laser system’s touch screen allows users to select from among five pre-designed cleaning patterns. Years of producing Hand Held Lasers for marking and engraving applications have led to heavy-duty industrial design. Additionally, the LPC-1000CTH is fully compliant with OSHA and FDA CDRH as a Class IV Laser System and may be used with industrial robots and within safety work cells with interlocks.
How did LASE get going?
The latest IPO roadshow highlights from Laser Photonics were recently released. All of the information in this release is in accordance with a registration statement on Form S-1 that the US Securities and Exchange Commission declared effective on September 29, 2022. On September 30, 2022, the Nasdaq Capital Market opened for the trading of the shares.
How is LASE changing things?
The IPO of LASE marks a significant turning point in the company’s plan to upend the $46 billion worldwide industrial industry for rust removal and other materials. For these applications, historically, exceedingly hazardous, risky, and ecologically harmful abrasives and procedures, like sandblasting, have been employed. To help clients achieve their MRO objectives in a way that is both economical and ecologically responsible, LASE delivers solutions with exceptional performance.
